Richfield, UT Cost Of Living
Cost Of Living In Richfield, UT Summary
Cost of living in Richfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Richfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Utah, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Richfield is 93, with 100 being the average.
The cost of living index in Richfield is 0.9x lower than the national average.
Richfield ranks as the #8 cheapest in Utah out of 91.
Richfield ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Richfield is $202,600.
The median income in Richfield is $53,836.
Table Of Contents
Richfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Richfield, UT?
According to the most recent data on the cost of living, Richfield has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Utah, Richfield has a cost of living index that's 0.9x lower than Utah's index of 102.
The standard of living in Richfield ranks as #8 most affordable out of the 91 places we measured in Utah. By definition, that implies Richfield ranks as the #83 most expensive place in the Beehive State.
For more reading on life in Richfield, check out:
- Living In Richfield
- Richfield Crime Report
- Search Homes For Sale In Richfield, UT
In Utah
In America
Richfield Cost Of Living Vs. Utah
Six factors go into calculating the cost of living index in Richfield. Here is how it fairs on each of the criteria:
The Services index in Richfield is 95.
The Groceries index in Richfield is 98.
The Health index in Richfield is 84.
The Housing index in Richfield is 81.
The Transportation index in Richfield is 108.
The Utilities index in Richfield is 100.
| Living Expense | Richfield | Utah | National Average | |
|---|---|---|---|---|
| Overall | 93 | 102 | 100 | |
| Services | 95 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 84 | 90 | 100 | |
| Housing | 81 | 109 | 100 | |
| Transportation | 108 | 105 | 100 | |
| Utilities | 100 | 93 | 100 | |
Richfield, UT Housing Cost Breakdown
Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Richfield is $202,600.
The Median Rent in Richfield is $685.
The Median Income in Richfield is $53,836.
The Home Value To Income in Richfield is 3.8x.
The Rent To Monthly Income in Richfield is 0.15x.
| Statistic | Richfield | Utah | United States |
|---|---|---|---|
| Median Home Value | $202,600 | $339,700 | $244,900 |
| Median Rent | $685 | $1,171 | $1,163 |
| Median Income | $53,836 | $79,133 | $69,021 |
| Home Value To Income | 3.8x | 4.3x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Richfield, UT Costs By Category
Detailed Richfield Services Costs Vs. Utah
Detailed Richfield Groceries Costs Vs. Utah
Detailed Richfield Health Costs Vs. Utah
Detailed Richfield Transportation Costs Vs. Utah
Detailed Richfield Utilities Costs Vs. Utah
Richfield SnackAbility
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Cost Of Living In Cities Around Richfield
The cost of living varies in the cities and towns around Richfield. Here's a quick look at the cost of living in the most populous nearby places:
Ephraim, UT has a cost of living index of 97, 1.0x Richfield.
| City | Population | Cost Of Living | Vs. Richfield |
|---|---|---|---|
| Ephraim, UT | 5,671 | 97 | 1.0x |
