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These days, finding an affordable place to live in the Utah area can be challenging. Home prices in Utah are now at a median cost of $525,914, higher than the the United States average of $419,293.
The average cost of rent is $1,701/mo in Utah, primarily driven by the current value of real estate in the Utah area. In Utah, 29.75% of households rent, and 30.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Utah is $8,739 per month. Households that rent pay about 19.46% of their income on rent here. Utah’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
States with Similar Populations
- Alaska: less expensive homes
- Wyoming: less expensive homes
- Wisconsin: less expensive homes
- West Virginia: less expensive homes
- Washington: higher priced homes
- Virginia: less expensive homes
- Vermont: less expensive homes
- Texas: less expensive homes
- Tennessee: less expensive homes
- South Dakota: less expensive homes
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