Cost Of Living in Price, UT

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A+

7%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

24%

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	Price	Utah	National
Cost of living	93	104	100
Goods & Services	102	102	100
Groceries	98	99	100
Health care	96	91	100
Housing	76	114	100
Transportation	107	105	100
Utilities	91	95	100

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Cost Of Living Quick Facts

The cost of living in Price is 11% lower than the Utah average
The cost of living in Price is 7% lower than the national average
Price housing is 24% lower 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	$51,802	$4,317	$1,209	$1,554
Renters	$21,280	$1,773	$497	$638

The affordability of the housing market in Price, UT as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Price homeowners, the median income is $51,802. This indicates that a monthly maximum of $1,209 should be spent by homeowners on all housing related costs. Renters have a median income of $21,280. This indicates that renters would have a maximum of $497 for their rent related monthly 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	Price	National avg.	Difference
Haircut	$20.85	$24.26	14.1%
Beauty Salon	$48.42	$45.56	6.3%
Toothpaste	$3.58	$3.70	3.4%
Shampoo	$1.18	$1.28	7.6%
Movie	$12.31	$12.13	1.5%
Bowling	$20.93	$18.00	16.3%

Groceries

Item	Price	National avg.	Difference
Ground Beef	$5.79	$5.84	0.9%
Fried Chicken	$1.39	$1.57	11.9%
Milk	$4.62	$4.67	1.2%
Potatoes	$4.61	$4.93	6.6%
Pizza	$12.02	$12.09	0.5%
Beer	$10.69	$10.41	2.6%

Health Care

Item	Price	National avg.	Difference
Optometrist	$119.08	$125.68	5.3%
Doctor	$128.07	$135.78	5.7%
Dentist	$99.10	$113.29	12.5%
Ibuprofen	$10.51	$10.65	1.3%
Lipitor	$546.75	$468.60	16.7%

Housing

Item	Price	National avg.	Difference
Home Price	$144,300.00	$184,700.00	21.9%
Avg. Mortgage Payment	$2,790.73	$2,346.69	18.9%
Apartment Rent	$683.00	$949.00	28.0%

Transportation

Item	Price	National avg.	Difference
Gasoline	$3.58	$3.46	3.4%
Tire Balancing	$69.63	$59.92	16.2%

Utilities

Item	Price	National avg.	Difference
All Electricity	$165.50	$193.99	14.7%
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.
Wellington, UT	1,501	89	10.5%
Elmo, UT	455	90	10.4%
Helper, UT	2,346	93	6.8%
Carbonville, UT	1,170	95	5.0%
Spring Glen, UT	1,126	96	4.1%
Price, UT	8,303	93	7.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Applewood, CO	8,300	152	51.8%
Boonville, MO	8,300	87	12.8%
Meadow Lakes, AK	8,307	120	19.6%
Runnemede, NJ	8,307	101	0.8%
Haledon, NJ	8,298	119	19.2%
Price, UT	8,303	93	7.2%