Actually, there’s the need and want for affordable living; and surprisingly, Utah has just that.
We’re pretty sure there isn’t a bad place to call home in this western state; but there are some places that are super expensive. To help the untrained eye, HomeSnacks thought that we’d create the ultimate guide to navigate Utah’s most affordable place for 2019. How did we determine the most affordable place in Utah? We took a look at the US Census and the cost of living data for the Beehive State. We were especially interested in home and rental prices. We also looked at safety, education, and amenities in cities with more than 5,000 residents.
Keep in mind, just because these places in Utah are affordable, doesn’t mean they’re not nice, unsafe, and/or not fit for families. It’s actually quite the opposite. Heck, kids are expensive, so when you choose one of Utah’s affordable places to live, you are choosing to save money on your cost of living. This will, in turn, allow you more money to spend on the fun, family oriented ‘Utah’ things to do and see. Like, catching a powder day in Alta or scoring tickets to Logan’s Pioneer Days.
So, want to know what’s the latest buzz on the most affordable places to live in the Beehive State? Take a look below.
It’s simple economics, folks. When you choose to live in one of Utah’s most affordable places, you’re choosing to live where your Utah dollar will go the furthest; and that, friends, makes perfect sense.
So, what’s the most affordable place to live in Utah for 2019? The most affordable place in Utah is Washington Terrace.
To see how your city compared, take a look at the list below or head to the bottom.
And if you already knew these places were cheap, check out some more reading about Utah and the cheapest places in the country:
The 10 Cheapest Places To Live In Utah For 2019
The median income in Washington Terrace comes in at $53,070 and the median home value is $149,400 for 2019.
Harrisville is a city in Weber County, Utah, United States. The population was 3,645 at the 2000 census. It is part of the Ogden-Clearfield, Utah Metropolitan Statistical Area.
The median income in Harrisville comes in at $70,849 and the median home value is $180,600 for 2019.
Hyrum is a city in Cache County, Utah, United States. The population was 7,609 at the 2010 census, with an estimated population of 7,818 in 2014. It is included in the Logan, Utah-Idaho Metropolitan Statistical Area.
The median income in Hyrum comes in at $59,453 and the median home value is $163,900 for 2019.
The median income in Price comes in at $45,388 and the median home value is $131,800 for 2019.
The median income in Sunset comes in at $56,864 and the median home value is $138,600 for 2019.
Nibley is a city in Cache County, Utah, United States. Incorporated in 1935, it was named after Charles W. Nibley, a leader in The Church of Jesus Christ of Latter-day Saints. The population was 5,438 at the 2010 census. It is included in the Logan, Utah-Idaho Metropolitan Statistical Area and is a suburb or ‘bedroom’ community of Logan.
The median income in Nibley comes in at $80,125 and the median home value is $225,800 for 2019.
Nephi is a city in Juab County, Utah, United States. It is part of the Provo-Orem, Utah Metropolitan Statistical Area. The population was 4,733 at the 2000 census. It is the county seat of Juab County. It was settled by Mormon pioneers in 1851, as Salt Creek until 1882 when it acquired its current name. It is the principal city in the Juab Valley, an agricultural area. Nephi was named after Nephi, son of Lehi from the Book of Mormon.
The median income in Nephi comes in at $56,866 and the median home value is $167,800 for 2019.
The median income in Roy comes in at $66,333 and the median home value is $163,900 for 2019.
Roosevelt is a city in Duchesne County, Utah, United States. The population was 6,046 at the 2010 census, with an estimated population of 6,777 in 2014.
The median income in Roosevelt comes in at $62,408 and the median home value is $178,000 for 2019.
Plain City is a city in Weber County, Utah, United States. The population was 5,476 at the 2010 census. It is part of the Ogden-Clearfield, Utah Metropolitan Statistical Area.
The median income in Plain City comes in at $85,290 and the median home value is $241,300 for 2019.
How We Determined The Most Affordable Places To Live In The Beehive State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Utah to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 85 places in Utah that have more than 5,000 people.
The place with the lowest cost of living in Utah according to the data is Washington Terrace.
There You Have It Mr. Or Mrs. Utah Cheapskate
If you’re looking at the cost of living numbers in Utah, this is an accurate list of the most affordable places to live in utah for 2019.
Here’s a look at the most expensive cities in Utah according to the data:
For more Utah reading, check out: