Cost of Living in Hyrum, UT
Housing
The housing market plays a significant role in determining the cost of living in Hyrum, UT.
- Housing Index: Data is updating
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Hyrum, UT? With a housing index of 0.0 and a median home price of 350000, the overall market trends seem favorable for homebuyers. However, average rents for a 2-bedroom apartment and house both stand at 0.0 and 0.0 respectively, indicating that rental options are either extremely limited or unavailable. Homeownership might be your best bet in this market, especially when considering long-term investments. Analyzing job opportunities and growth within the area could further aid in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hyrum, 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.): Data is updating
Living in Hyrum, 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 data unavailable 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 Hyrum is a financially viable option for your relocation.