Cost of living in Hyrum research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hyrum is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Utah, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hyrum is 94, with 100 being the average.
The cost of living index in Hyrum is 0.9x lower than the national average.
Hyrum ranks as the #11 cheapest in Utah out of 91.
Hyrum ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Hyrum is $256,900.
The median income in Hyrum is $73,971.
According to the most recent data on the cost of living, Hyrum has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Utah, Hyrum has a cost of living index that's 0.9x lower than Utah's index of 102.
The standard of living in Hyrum ranks as #11 most affordable out of the 91 places we measured in Utah. By definition, that implies Hyrum ranks as the #80 most expensive place in the Beehive State.
For more reading on life in Hyrum, check out:
Six factors go into calculating the cost of living index in Hyrum. Here is how it fairs on each of the criteria:
The Services index in Hyrum is 98.
The Groceries index in Hyrum is 91.
The Health index in Hyrum is 95.
The Housing index in Hyrum is 89.
The Transportation index in Hyrum is 109.
The Utilities index in Hyrum is 91.
|Living Expense||Hyrum||Utah||National Average|
Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hyrum is $256,900.
The Median Rent in Hyrum is $832.
The Median Income in Hyrum is $73,971.
The Home Value To Income in Hyrum is 3.5x.
The Rent To Monthly Income in Hyrum is 0.13x.
|Median Home Value||$256,900||$339,700||$244,900|
|Home Value To Income||3.5x||4.3x||3.5x|
|Rent To Monthly Income||0.13x||0.18x||0.2x|
The cost of living varies in the cities and towns around Hyrum. Here's a quick look at the cost of living in the most populous nearby places:
Logan, UT has a cost of living index of 91, 1.0x Hyrum.
Smithfield, UT has a cost of living index of 100, 1.1x Hyrum.
North Logan, UT has a cost of living index of 103, 1.1x Hyrum.