Arizona is 4.9% more expensive than Utah.
What is the cost of living in Arizona compared to Utah?
Comparison Highlights
| Cost of Living Indexes | Phoenix, AZ | Salt Lake City, UT |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 108.7 | 122 |
| Food & Groceries | 97.3 | 95.8 |
| Housing (Homeowner) | 103.5 | 169.6 |
| Median Home Cost | $346,100 | $523,400 |
Is Utah a cheap state to live in?
Utah ranks 34th in the U.S. News & World Report’s Affordability Rankings which means it’s one of the most expensive states in the country to live in. The rankings measure the average cost of living against the average amount of money most households in that state have.
Is Arizona an expensive state to live in?
Arizona is an affordable place to live, especially when compared to nearby states. Phoenix and San Diego both have similar climates and population sizes, but Phoenix is over 50% cheaper. If you’re relocating from Nevada or California, you’ll probably notice a significant reduction in your living expenses.
Is Utah or Colorado cheaper to live?
Overall, the cost of living in Utah is 2% below the national average while Colorado’s cost of living is higher than 28 other states. When comparing cities in both states, Denver and Salt Lake City essentially have the same cost of living.
How much do you need to make to live comfortably in Salt Lake?
In the Salt Lake City metro area, a single individual would need to earn $25,400 after taxes to live comfortably.
How expensive is it to live in Salt Lake City Utah?
Salt Lake City cost of living is 118.9
| COST OF LIVING | Salt Lake City | Utah |
|---|---|---|
| Housing | 169.6 | 146.3 |
| Median Home Cost | $523,400 | $458,900 |
| Utilities | 94.1 | 94.6 |
| Transportation | 93.4 | 91.2 |
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
What is a livable salary in Arizona?
Living Wage Calculation for Arizona
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $17.43 | $26.56 |
| Poverty Wage | $6.19 | $7.46 |
| Minimum Wage | $12.80 | $12.80 |
Is Utah a good place to move to?
Utah has a robust job market and its residents tend to have a high quality of life. Salt Lake City and Provo, Utah both regularly make lists of cities with the strongest job markets. Provo ranked second and Salt Lake sixth placed in SmartAsset’s list of the best cities for creatives in 2019.
Do you have to be Mormon to live in Salt Lake City?
Not everyone in Salt Lake City is Mormon.
But Salt Lake proper’s population is actually less than 50% LDS. People of all religious and non-religious groups call Salt Lake home.
What is the average cost of a home in Utah?
The median sales price of homes there jumped from $801,274 in 2020 to $1.15 million in 2021, a 43.5% increase in just one year. That’s according to the latest research on Utah’s housing market, released Wednesday by the University of Utah’s Kem C.
What is Utah minimum wage?
$7.25
Utah has remained at the $7.25 minimum set by the federal government since 2009, and multiple attempts to raise that rate via new state legislation have fallen short of finding support, including a proposal considered during the general legislative session earlier this year.
Is Utah cheaper than California?
Utah vs California
Overall, the cost of living in California is 32.3% more than Utah. Almost everything will cost more in the Pacific State, which means saving money is always going to be difficult, even though the state’s average income is higher.
Why is the housing market so high in Utah?
Pent-up Demand
This is driving up home prices. Meanwhile, Eskic notes that Utah has a home-building boom with officials approving a record 13,792 building permits for the first six months of 2020. Still, the panelists say more needs to be done to keep up with Utah’s growth as more people move into the state.
What is a livable salary in Utah?
Living Wage Calculation for Salt Lake County, Utah
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.59 | $23.69 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
Is Utah cheaper than Vegas?
Las Vegas is 6.1% less expensive than Salt Lake City.
Is Utah cheaper than Oregon?
Think Carefully…
The cost of living in Portland, OR is 17.6% higher than in Salt Lake City, UT.
Is Arizona cheap to live?
Is Arizona a cheap state to live in? Arizona was ranked the second cheapest state to live in by SeniorList. Arizonans only spend about 70.5% of their income on bills, compared to the national average of 81%. This leaves plenty of room in their budgets for savings, investments, and fun money too.
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
