State profile
Utah Cost of Living Comparison
Utah's 2024 price level is 98.864, 1.14% below the national level, after a jump of more than three points in 2024 alone; homes rank seventh-most valuable in the country at a median of $489,400.
Updated
98.864Utah all-items price level, U.S. = 100 · rank 31 of 51, lowest first
| Measure | Utah | Minnesota | First − second |
|---|---|---|---|
| All-items price level | 98.864 | 98.621 | +0.243 points |
| Rent price level | 107.814 | 91.281 | +16.533 points |
| Home value | $489,400±$1,629 | $329,300±$903 | +$160,100 |
| Two-bedroom gross rent | $1,423±$13 | $1,356±$10 | +$67 |
| Household income | $95,166±$774 | $89,062±$409 | +$6,104 |
| Real estate taxes paid | $2,525±$10 | $3,357±$10 | −$832 |
$4,000 of monthly spending in Utah scales to $3,990 in Minnesota at the 2024 all-items price ratio.
BEA 2024 and ACS 2020–2024; ± marks the Census 90% margin. How to read a gap
Utah: fast-rising prices and expensive homes
Utah's relative prices were flat for years and then moved fast. The all-items parity was 95.259 in 2020, dipped to 94.481 in 2021 and stood at 95.716 in 2023 before reaching 98.864 in 2024, a total gain of 3.605 points and the third-largest move of any jurisdiction since 2020.
Housing is the costly category. The rent parity is 107.814, rank 37, the median home value of $489,400 ranks seventh, and owners with a mortgage report median monthly costs of $2,009. Utilities, by contrast, are cheap at 78.739, rank 13th-lowest, and goods (96.446) and other services (98.959) are below the U.S. level.
Household and per-person incomes diverge sharply. The median household income of $95,166 ranks 11th, but real per capita personal income, adjusted for prices, is $55,116, rank 40. Renters spend 28.9% of income on gross rent, against a two-bedroom median of $1,423.
Utah's single income tax rate is 4.45% for 2026, down from 4.5% in 2025, after S.B. 60 of the 2026 session cut it retroactively to January 1. Individual income tax supplied 42.8% of fiscal 2025 state collections and general sales 33.7%; Census records no state property tax. Total collections were $3,994 per resident, rank 29, and owners paid a median $2,525 a year in local real estate taxes, rank 30.
Neighbours run both ways. Colorado (103.052) and Arizona (100.677) are dearer, Nevada (99.979) nearly level, and Idaho (95.494) and Wyoming (92.691) cheaper; Wyoming's two-bedroom median is $961, or $462 a month less. Minnesota (98.621) is the closest price level nationally.
Category price levels in Utah
| Category | Parity | Rank, low first | vs U.S. |
|---|---|---|---|
| All items | 98.864 | 31 | 1.14% below |
| Goods | 96.446 | 26 | 3.55% below |
| Housing (rents) | 107.814 | 37 | 7.81% above |
| Utilities | 78.739 | 13 | 21.26% below |
| Other services | 98.959 | 22 | 1.04% below |
| Real income per person, 2017 $ | $55,116 | 40 | U.S. $59,195 |
All items by year: 2020 95.259 · 2021 94.481 · 2022 94.590 · 2023 95.716 · 2024 98.864 (+3.605 since 2020). How to read categories and trends
Monthly housing costs
- Owners with a mortgage
- $2,009±$12 · rank 17, high first
- Owners without a mortgage
- $564±$4 · rank 32
- Renters: gross rent / income
- 28.9%±0.3 · rank 35
Utah state tax collections, FY2025
$14.13 billion in total, $3,994 per resident. Scope of these figures
| Tax | FY2025 | Share | Per resident |
|---|---|---|---|
| Individual income | $6.05 billion | 42.8% | $1,711 |
| General sales | $4.77 billion | 33.7% | $1,347 |
| Property | not levied | ||
| Motor fuel | $695.3 million | 4.9% | $196 |
| Other selective sales | $446.7 million | 3.2% | $126 |
| Corporate income | $1.56 billion | 11.1% | $442 |
| Licenses | $485.5 million | 3.4% | $137 |
| Severance | $117.8 million | 0.8% | $33 |
| Other taxes | $2.4 million | 0.0% | $1 |
Utah income tax on wages
Utah taxes a resident's state taxable income at a single 4.45% rate for taxable years beginning on or after January 1, 2026, down from 4.5% in 2025. S.B. 60 of the 2026 General Session set the new rate in Utah Code section 59-10-104; it took effect May 6, 2026 and applies back to January 1, 2026.
Read : Utah Legislature: S.B. 60 (2026 General Session), enrolled. Price parities exclude income taxes.
Utah beside its neighbours
Before you budget a move
For Utah, compare the employer’s specific offer with the household’s actual housing plan. Median household income may describe several earners or income sources, while a wage offer describes a role and schedule. Keep prepared taxes, benefits and cash compensation separate before comparing available resources.
For Salt Lake City-area or another Utah destination, identify the exact lease, tenant utilities and commute. If the move changes a rental into a home purchase, obtain lender terms and address-specific ownership expenses. Housing price parity measures rental price levels and cannot substitute for a purchase appraisal.
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