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: $487500
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 109.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $126041

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Draper, UT, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.