D+
22%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
67%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bountiful Utah National
Cost of living122104100
Goods & Services106102100
Groceries10099100
Health care9691100
Housing167114100
Transportation110105100
Utilities9495100

An Overview of Cost of Living in Bountiful, UT

Knowing the cost of living in Bountiful allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Bountiful stands at 122, marking it 22% higher than the national average.

If you value affordability in your search for a new place to live, Bountiful may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Bountiful falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs make up a big chunk of the cost of living in Bountiful, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 66.6% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Bountiful Affordable?

Is Bountiful affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Bountiful, the median home price is 86.2% higher than the national average and monthly rent prices are 21% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Bountiful boasting a median household income of $83,660, 51.2% higher than the national average.

What Factors can Influence the Cost of Living in Bountiful?

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Bountiful comes in at 6.4% lower than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Bountiful, healthcare costs are 3.8% lower than the national average.

Where is the Data From?

The cost of living data in Bountiful displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Bountiful Area
Search Homes for Sale in Bountiful, UT

Cost Of Living Quick Facts

  • The cost of living in Bountiful is 17% higher than the Utah average
  • The cost of living in Bountiful is 22% higher than the national average
  • Bountiful housing is 67% higher than the national average
  • Utah general sales tax is 20% higher than the national average
  • Utah state income tax is 87% higher than the national average

Most Affordable Places to Live in and Around Bountiful

See all the best places to live around Bountiful

Compare Bountiful, UT Cost of Living

      vs
      How would you rate the cost of living in Bountiful?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Bountiful?
      Write a review to give others more information about this area.
      See all Bountiful poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,684$8,307$2,326$2,991
      Renters$55,332$4,611$1,291$1,660
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bountiful, UT, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bountiful homeowners, is $99,684. This would allow for a maximum of $2,326 per month to be spent on housing costs. For renters, the median monthly income is $55,332 which would result in a maximum of $1,291 to be spent on rental costs.

      Utah Sales Tax

      State General Sales Tax With Max Surtax
      Utah 6.1% 8.35%

      Utah Income Tax

      State Income Tax (Low) Income Tax (High)
      Utah 4.85% 4.85%

      Goods & Services

      Item Bountiful National avg. Difference
      Haircut $20.87$24.2614.0%
      Beauty Salon $50.33$45.5610.5%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.18$1.288.1%
      Movie $9.94$12.1318.1%
      Bowling $19.80$18.0010.0%

      Groceries

      Item Bountiful National avg. Difference
      Ground Beef $5.76$5.841.3%
      Fried Chicken $1.51$1.574.2%
      Milk $4.65$4.670.4%
      Potatoes $4.60$4.936.7%
      Pizza $11.69$12.093.3%
      Beer $10.59$10.411.7%

      Health Care

      Item Bountiful National avg. Difference
      Optometrist $125.19$125.680.4%
      Doctor $117.14$135.7813.7%
      Dentist $85.13$113.2924.9%
      Ibuprofen $10.89$10.652.3%
      Lipitor $528.57$468.6012.8%

      Housing

      Item Bountiful National avg. Difference
      Home Price $343,900.00$184,700.0086.2%
      Avg. Mortgage Payment $3,117.82$2,346.6932.9%
      Apartment Rent $1,148.00$949.0021.0%

      Transportation

      Item Bountiful National avg. Difference
      Gasoline $3.75$3.468.3%
      Tire Balancing $57.07$59.924.8%

      Utilities

      Item Bountiful National avg. Difference
      All Electricity $198.43$193.992.3%
      Phone $192.11$192.250.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Magna, UT27,0291098.8%
      South Salt Lake, UT25,1251109.6%
      West Valley City, UT135,61011110.9%
      Taylorsville, UT59,92611312.8%
      Layton, UT77,26811212.1%
      Bountiful, UT43,99112222.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Vernon, BC43,975n/a 
      Altamonte Springs, FL43,9691011.5%
      York, PA44,0199010.5%
      Cutler Bay, FL43,92812322.5%
      Rocky View County, AB44,056n/a 
      Bountiful, UT43,99112222.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.