Cost Of Living in Farr West, UT

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C

15%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

53%

Housing NAT. AVG.

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	Farr West	Utah	National
Cost of living	115	104	100
Goods & Services	101	102	100
Groceries	101	99	100
Health care	88	91	100
Housing	153	114	100
Transportation	100	105	100
Utilities	95	95	100

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Cost Of Living Quick Facts

The cost of living in Farr West is 10% higher than the Utah average
The cost of living in Farr West is 15% higher than the national average
Farr West housing is 53% 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

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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	$95,488	$7,957	$2,228	$2,865
Renters	$68,125	$5,677	$1,589	$2,044

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Farr West, UT, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Farr West, homeowners have a median income of $95,488. Using that number, a maximum of $2,228 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $68,125, which means there is a maximum of $1,589 to be spent on the costs of renting a home or apartment.

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	Farr West	National avg.	Difference
Haircut	$21.35	$24.26	12.0%
Beauty Salon	$52.17	$45.56	14.5%
Toothpaste	$3.64	$3.70	1.7%
Shampoo	$1.17	$1.28	8.6%
Movie	$11.20	$12.13	7.7%
Bowling	$16.97	$18.00	5.7%

Groceries

Item	Farr West	National avg.	Difference
Ground Beef	$6.18	$5.84	5.9%
Fried Chicken	$1.42	$1.57	10.0%
Milk	$4.68	$4.67	0.2%
Potatoes	$4.61	$4.93	6.7%
Pizza	$11.99	$12.09	0.8%
Beer	$11.03	$10.41	5.9%

Health Care

Item	Farr West	National avg.	Difference
Optometrist	$113.53	$125.68	9.7%
Doctor	$125.51	$135.78	7.6%
Dentist	$77.37	$113.29	31.7%
Ibuprofen	$10.71	$10.65	0.5%
Lipitor	$532.80	$468.60	13.7%

Housing

Item	Farr West	National avg.	Difference
Home Price	$325,700.00	$184,700.00	76.3%
Avg. Mortgage Payment	$2,471.79	$2,346.69	5.3%
Apartment Rent	$935.00	$949.00	1.5%

Transportation

Item	Farr West	National avg.	Difference
Gasoline	$3.51	$3.46	1.4%
Tire Balancing	$58.77	$59.92	1.9%

Utilities

Item	Farr West	National avg.	Difference
All Electricity	$176.12	$193.99	9.2%
Phone	$192.69	$192.25	0.2%

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.
Brigham City, UT	19,336	99	0.9%
Sunset, UT	5,309	99	0.8%
Ogden, UT	87,175	100	0.1%
Washington Terrace, UT	9,181	102	2.2%
Riverdale, UT	8,826	105	4.7%
Farr West, UT	7,197	115	15.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Inwood, FL	7,196	86	14.4%
North Stormont, ON	7,196	n/a
Fort Pierce North, FL	7,199	87	13.4%
Batesville, MS	7,200	91	9.1%
Peace River, AB	7,200	n/a
Farr West, UT	7,197	115	15.3%