Cost of Living in Draper, UT
Housing
The housing market plays a significant role in determining the cost of living in Draper, UT.
- Housing Index: 120.3 / 100
- Median Home Price is: $487,500
- Average Rent (2 BR Apartment): $1900 per month
- Average Rent (2 BR House): $1938 per month
Considering a move to Draper, UT? The housing index stands at 120.3, indicating a relatively high cost of living compared to the national average. The median home price is 487500, which reflects a competitive market. Renters may find themselves paying about 1900 for a 2-bedroom apartment and 1938 for a house. This can add up significantly if you're planning to rent long-term. Nonetheless, economic prospects and community amenities in Draper might enhance its appeal despite housing costs. Deep dive into local job markets for a comprehensive decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Draper, UT.
- Electricity Price: $11.5 USD (median by state)
- Natural Gas Price: $14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Draper, UT could entail higher utility costs. Electricity costs sit at $11.5, while natural gas is priced at $14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Draper is a financially viable option for your relocation.