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Everyone wants a home that mixes affordability with comfort and Utah does this very well. Families love the Beehive State's beaches, midlands, and mountains as tourists before moving here and calling it home.
But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.
These are the places in Utah that cost a pretty penny -- the most expensive cities in the state.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Utah for 2021.
So where is the most expensive place to live in Utah? That would be Heber.
the 2015-2019 American Community Survey for the 85 places in Utah with more than 5,000 people.
What's the most expensive place to live in Utah? Well, HomeSnacks crunched the numbers and discovered that Heber is the most expensive place to live in Utah.
So hopefully Washington Terrace (the cheapest place to live in Utah) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Utah and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Utah For 2021
The median income in Heber comes in at $74,665 and the median home value is $348,100 for 2021.
The median income in Fruit Heights comes in at $97,488 and the median home value is $396,000 for 2021.
The median income in Salt Lake City comes in at $60,676 and the median home value is $314,500 for 2021.
The median income in Provo comes in at $48,888 and the median home value is $271,300 for 2021.
The median income in Ivins comes in at $63,680 and the median home value is $312,300 for 2021.
The median income in Park City comes in at $111,000 and the median home value is $1,035,300 for 2021.
The median income in St. George comes in at $58,259 and the median home value is $286,000 for 2021.
The median income in Washington comes in at $66,479 and the median home value is $291,900 for 2021.
The median income in Murray comes in at $64,470 and the median home value is $287,100 for 2021.
The median income in Lindon comes in at $90,978 and the median home value is $401,200 for 2021.
How We Determined The Most Expensive Places To Live In The Beehive State For 2021
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Utah to figure out which is the most expensive.
What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 85 places in Utah that have more than 5,000 people.
The place with the highest cost of living in Utah according to the data is Heber. You can download the data here.
Taking A Chunk Out Of Your Paycheck In Utah For 2021
Well there you have it, the places in Utah that have the highest cost of living, with Heber ranking as the most expensive city in the Beehive State.
Here's a look at the most affordable cities in Utah according to the data:
- Washington Terrace
For more Utah reading, check out:
- Best Places To Live In Utah
- Cheapest Places To Live In Utah
- Most Dangerous Cities In Utah
- Best Places To Raise A Family In Utah
- Safest Places In Utah
- Worst Places To Live In Utah
Detailed List Of The Most Expensive Cities In Utah
|3||Salt Lake City||19.17|
|14||South Salt Lake||26.0|
|44||North Salt Lake||45.67|
|51||West Valley City||50.33|