Payson, UT Cost Of Living
Cost Of Living In Payson, UT Summary
Cost of living in Payson 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 Payson 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 Payson is 97, with 100 being the average.
The cost of living index in Payson is 1.0x lower than the national average.
Payson ranks as the #18 cheapest in Utah out of 91.
Payson ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Payson is $278,100.
The median income in Payson is $75,682.
Table Of Contents
Payson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Payson, UT?
According to the most recent data on the cost of living, Payson has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Utah, Payson has a cost of living index that's 1.0x lower than Utah's index of 102.
The standard of living in Payson ranks as #18 most affordable out of the 91 places we measured in Utah. By definition, that implies Payson ranks as the #73 most expensive place in the Beehive State.
For more reading on life in Payson, check out:
- Living In Payson
- Payson Crime Report
- Search Homes For Sale In Payson, UT
In Utah
In America
Payson Cost Of Living Vs. Utah
Six factors go into calculating the cost of living index in Payson. Here is how it fairs on each of the criteria:
The Services index in Payson is 100.
The Groceries index in Payson is 96.
The Health index in Payson is 93.
The Housing index in Payson is 95.
The Transportation index in Payson is 103.
The Utilities index in Payson is 87.
| Living Expense | Payson | Utah | National Average | |
|---|---|---|---|---|
| Overall | 97 | 102 | 100 | |
| Services | 100 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 93 | 90 | 100 | |
| Housing | 95 | 109 | 100 | |
| Transportation | 103 | 105 | 100 | |
| Utilities | 87 | 93 | 100 | |
Payson, UT Housing Cost Breakdown
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 Payson is $278,100.
The Median Rent in Payson is $1,244.
The Median Income in Payson is $75,682.
The Home Value To Income in Payson is 3.7x.
The Rent To Monthly Income in Payson is 0.2x.
| Statistic | Payson | Utah | United States |
|---|---|---|---|
| Median Home Value | $278,100 | $339,700 | $244,900 |
| Median Rent | $1,244 | $1,171 | $1,163 |
| Median Income | $75,682 | $79,133 | $69,021 |
| Home Value To Income | 3.7x | 4.3x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Payson, UT Costs By Category
Detailed Payson Services Costs Vs. Utah
Detailed Payson Groceries Costs Vs. Utah
Detailed Payson Health Costs Vs. Utah
Detailed Payson Transportation Costs Vs. Utah
Detailed Payson Utilities Costs Vs. Utah
Payson SnackAbility
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Cost Of Living In Cities Around Payson
The cost of living varies in the cities and towns around Payson. Here's a quick look at the cost of living in the most populous nearby places:
Provo, UT has a cost of living index of 99, 1.0x Payson.
Orem, UT has a cost of living index of 101, 1.0x Payson.
Spanish Fork, UT has a cost of living index of 101, 1.0x Payson.
| City | Population | Cost Of Living | Vs. Payson |
|---|---|---|---|
| Provo, UT | 113,538 | 99 | 1.0x |
| Orem, UT | 96,734 | 101 | 1.0x |
| Spanish Fork, UT | 41,953 | 101 | 1.0x |
| Springville, UT | 34,750 | 98 | 1.0x |
| Santaquin, UT | 13,602 | 100 | 1.0x |
| Mapleton, UT | 11,226 | 117 | 1.2x |
| Salem, UT | 9,097 | 109 | 1.1x |
