Cost of living in Taylorsville 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 Taylorsville 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 Taylorsville is 103, with 100 being the average.
The cost of living index in Taylorsville is 1.0x higher than the national average.
Taylorsville ranks as the #40 cheapest in Utah out of 91.
Taylorsville ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Taylorsville is $291,500.
The median income in Taylorsville is $73,325.
According to the most recent data on the cost of living, Taylorsville has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Utah, Taylorsville has a cost of living index that's 1.0x higher than Utah's index of 102.
The standard of living in Taylorsville ranks as #40 most affordable out of the 91 places we measured in Utah. By definition, that implies Taylorsville ranks as the #51 most expensive place in the Beehive State.
For more reading on life in Taylorsville, check out:
Six factors go into calculating the cost of living index in Taylorsville. Here is how it fairs on each of the criteria:
The Services index in Taylorsville is 102.
The Groceries index in Taylorsville is 102.
The Health index in Taylorsville is 101.
The Housing index in Taylorsville is 100.
The Transportation index in Taylorsville is 113.
The Utilities index in Taylorsville is 91.
|Living Expense||Taylorsville||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 Taylorsville is $291,500.
The Median Rent in Taylorsville is $1,214.
The Median Income in Taylorsville is $73,325.
The Home Value To Income in Taylorsville is 4.0x.
The Rent To Monthly Income in Taylorsville is 0.2x.
|Median Home Value||$291,500||$339,700||$244,900|
|Home Value To Income||4.0x||4.3x||3.5x|
|Rent To Monthly Income||0.2x||0.18x||0.2x|
The cost of living varies in the cities and towns around Taylorsville. Here's a quick look at the cost of living in the most populous nearby places:
West Jordan, UT has a cost of living index of 107, 1.0x Taylorsville.
Sandy, UT has a cost of living index of 113, 1.1x Taylorsville.
South Jordan, UT has a cost of living index of 124, 1.2x Taylorsville.
|City||Population||Cost Of Living||Vs. Taylorsville|
|West Jordan, UT||116,045||107||1.0x|
|South Jordan, UT||75,617||124||1.2x|
|Cottonwood Heights, UT||33,597||120||1.2x|