Cost Of Living in Laketown, UT

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D

17%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

60%

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	Laketown	Utah	National
Cost of living	117	104	100
Goods & Services	101	102	100
Groceries	101	99	100
Health care	88	91	100
Housing	160	114	100
Transportation	100	105	100
Utilities	95	95	100

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Cost Of Living Quick Facts

The cost of living in Laketown is 12% higher than the Utah average
The cost of living in Laketown is 17% higher than the national average
Laketown housing is 60% 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	$83,906	$6,992	$1,958	$2,517
Renters	$47,917	$3,993	$1,118	$1,438

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	Laketown	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	Laketown	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	Laketown	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	Laketown	National avg.	Difference
Home Price	$294,600.00	$184,700.00	59.5%
Avg. Mortgage Payment	$2,471.79	$2,346.69	5.3%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

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

Utilities

Item	Laketown	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.
Garden, UT	247	99	0.8%
Randolph, UT	968	94	6.1%
Garden City, UT	337	109	8.7%
Laketown, UT	262	117	17.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dry Creek, AK	262	115	15.3%
Mekoryuk, AK	262	98	2.1%
Oden, AR	262	82	18.2%
Valle, AZ	262	108	7.6%
Grand Lake, CO	262	112	12.3%
Laketown, UT	262	117	17.3%