Statistics About The Average Cost Of Living In Utah

In this post, we will explore the average cost of living in Utah through a compilation of key statistics and figures. From child care costs to property tax rates, utility expenses to home prices, this analysis provides a comprehensive overview of the financial landscape in the state. Whether you are a resident or considering a move to Utah, understanding these data points can offer valuable insights into the economic aspects of daily life in the Beehive State.

Statistic 1

"Child care costs for an infant in Utah average around $10,000 per year."

Statistic 2

"Utah's utility costs are about 8% below the national average."

Statistic 3

"The average property tax rate in Utah is 0.66%."

Statistic 4

"Health care costs in Utah are about 10% lower compared to the U.S. average."

Statistic 5

"The average cost of living in Utah is around 3% lower than the national average."

Statistic 6

"The state sales tax rate in Utah is 4.85%."

Statistic 7

"Average monthly rent for a one-bedroom apartment in Salt Lake City is about $1,250."

Statistic 8

"The average annual salary of teachers in Utah is $55,725."

Statistic 9

"The average cost of dining out in Utah is about 5% lower than the national average."

Statistic 10

"The cost per credit hour at the University of Utah is approximately $600 for in-state students."

Statistic 11

"Utah has an unemployment rate of 2.9%, one of the lowest in the nation."

Statistic 12

"The average monthly cost of home maintenance in Utah is about $150."

Statistic 13

"The average water bill in Utah is roughly $40 per month."

Statistic 14

"Average yearly income in Utah is around $63,000."

Statistic 15

"Average annual insurance premiums for health insurance in Utah are around $4,800."

Statistic 16

"Utah's transportation costs are roughly 5% below the national average."

Statistic 17

"Utah's average monthly internet cost is approximately $60."

Statistic 18

"The median home price in Utah is approximately $350,000."

Statistic 19

"The average monthly grocery cost for an individual in Utah is $325."

Statistic 20

"Gasoline prices in Utah average $0.20 higher per gallon than the national average."

Overall, the statistics paint a picture of a relatively affordable cost of living in Utah compared to the national average. With lower child care, utility, property tax, health care, and dining out costs, coupled with a below-average overall cost of living, Utah offers a promising financial landscape for its residents. Additionally, the state boasts relatively low unemployment rates and competitive teacher salaries, contributing to its appeal as a place to live and work. However, it’s worth noting that certain expenses such as gasoline prices and home prices are slightly higher than the national average, emphasizing the importance of considering the full spectrum of costs when evaluating Utah’s affordability.