Cost of Living in Salt lake city, UT
Housing
The housing market plays a significant role in determining the cost of living in Salt lake city, UT.
- Housing Index: 125.0 / 100
- Median Home Price is: $469,000
- Average Rent (2 BR Apartment): $1750 per month
- Average Rent (2 BR House): $1950 per month
Considering a move to Salt lake city, UT? With a housing index of 125.0, it's important to note that the median home price stands at 469000. Renting may be a viable alternative, with an average rent of 1750 for a 2-bedroom apartment and 1950 for a 2-bedroom house. This indicates a moderate rental market, yet home purchase could be a significant investment given median prices. As you make your decision, consider factors such as local amenities, community vibe, and potential for property value growth in Salt lake city. Research suggests thriving markets command greater lifestyle opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Salt lake city, 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 Salt lake city, 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 Salt lake city is a financially viable option for your relocation.