Cost of Living in Spanish fork, UT

Housing

The housing market plays a significant role in determining the cost of living in Spanish fork, UT.

• Housing Index: 95.0 / 100
• Median Home Price is: $512000
• Average Rent (2 BR Apartment): $1450 per month
• Average Rent (2 BR House): $1480 per month

When considering a move to Spanish fork, UT, the current housing index of 95.0 indicates a market slightly below the national average, suggesting potential affordability. The median home price stands at 512000, which could be attractive for buyers. As for rentals, you can expect to pay approximately 1450 for a 2-bedroom apartment or 1480 for a 2-bedroom house. Overall, this city appears to offer reasonable housing options, making it worth considering for those looking to balance cost with quality of life.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Spanish fork, 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.): $280 per month

Living in Spanish fork, 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 280 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: 98.5

Median Income

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

• Median Income: $93989

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 Spanish fork, 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.