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Utah Yearly Expenses
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State:
Multi-State
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US-175-AZ
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How to fill out Yearly Expenses?
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FAQ
In the Salt Lake City metro area, a single individual would need to earn $25,400 after taxes to live comfortably. In its analysis, SmartAsset found cities along both the East and West coasts require the greatest post-tax income to live comfortably.
How much money do you need to live comfortably in Utah? According to one estimate, you'll need somewhere between $43,000 and $66,000 per year. This criteria is based on the needs for housing, food, transportation, health care and taxes.
Utah is known for its scenic beauty, and it might seem that it's one of the most expensive places to live in the country. However, this outdoor adventure paradise is actually cheaper than many states in the US. With low energy prices, property taxes, and a low utility index score, Utah has plenty to boast about.
Here's all that in context for those living in Utah. A family of four living in Salt Lake County would need more than $81,000 per year, which breaks down to nearly $6,800 per month. In Utah County, that number drops to $76,553 annually, or $6,379 per month.
Average Cost of Living in Utah: $37,369 per year.
The typical renter in Utah spends $988 a month on housing, $35 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $791, while the typical rent for a unit with five or more bedrooms is $1,644.
Utah is known for its scenic beauty, and it might seem that it's one of the most expensive places to live in the country. However, this outdoor adventure paradise is actually cheaper than many states in the US. With low energy prices, property taxes, and a low utility index score, Utah has plenty to boast about.
Here's all that in context for those living in Utah. A family of four living in Salt Lake County would need more than $81,000 per year, which breaks down to nearly $6,800 per month. In Utah County, that number drops to $76,553 annually, or $6,379 per month.
