Farr West cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFarr WestUtahNational
Cost of living index107101100
IndexFarr WestUtahNational
Goods & Services index10196100
Groceries index9596100
Health care index9189100
Housing index125113100
Transportation index106102100
Utilities index9490100
A general overview of the cost of living index for Farr West, UT is displayed above. In Farr West, UT, the overall cost of living index is 107, which is 6% higher than the Utah average and 7% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Farr West, UT, the city's goods and services are 5% higher than the Utah average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Farr West is 6% higher than the Utah average.
  • The cost of living in Farr West is 7% higher than the national average.
  • The cost of housing in Farr West is 25% higher than the national average.
  • Utah general sales tax is 17% higher than the national average.
  • Utah state income tax is 125% higher than the national average.

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Compare Farr West, UT Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Farr West, UT to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Farr West, UT, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Farr West, UT salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$83,487$6,957$1,948$2,505
Renters$69,722$5,810$1,627$2,092
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Farr West, UT, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Farr West, UT homeowners have a median income of $83,487. Using that number, you will come up with a maximum of $1,948 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $69,722, which means there is a maximum of $1,627 to be spent on the costs of renting a home or apartment.

Utah Sales Tax

StateGeneral Sales TaxWith Max Surtax
Utah5.95%8.35%

Utah Income Tax

StateIncome Tax (Low)Income Tax (High)
Utah5%5%
When you are determining the total cost of living in Farr West, UT you will want to make sure you consider both the Utah sales tax and the Utah income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Utah is 5.95%, with the highest surtax being 8.35%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Utah have a range from 5% to 5%.

Goods & Services

ItemFarr WestNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $38.75$34.6811.7%
Toothpaste $2.32$2.476.2%
Shampoo $0.94$1.028.0%
Movie $7.44$9.8724.6%
Bowling $3.99$4.399.1%

Groceries

ItemFarr WestNational avg.Difference
Ground Beef $3.77$4.4815.8%
Fried Chicken $1.05$1.4628.3%
Milk $2.09$2.3611.3%
Potatoes $1.75$3.0642.8%
Pizza $8.99$9.242.7%
Beer $7.99$8.637.4%

Health Care

ItemFarr WestNational avg.Difference
Optometrist $87.75$99.7812.1%
Doctor $94.00$105.0310.5%
Dentist $82.00$88.707.6%
Ibuprofen $8.24$9.4112.5%
Lipitor $279.10$298.506.5%

Housing

ItemFarr WestNational avg.Difference
Home Price $233,600.00$175,700.0033.0%
Avg. Mortgage Payment $1,027.66$1,081.034.9%
Apartment Rent $985.00$920.007.1%

Transportation

ItemFarr WestNational avg.Difference
Gasoline $2.13$2.091.9%
Tire Balancing $53.81$45.2918.8%

Utilities

ItemFarr WestNational avg.Difference
All Electricity$145.09$170.8015.1%
Phone $29.99$28.266.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Sunset, UT5,14592-8%
Ogden, UT83,76792-8%
Washington Terrace, UT9,14092-8%
Brigham City, UT18,26494-6%
Clearfield, UT30,36196-4%
Farr West, UT6,1131077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ada, OH6,11289-11%
St. Martinville, LA6,10978-22%
Willows, CA6,11811717%
Wailea, HI6,107218118%
Kennett Square, PA6,12311111%
Farr West, UT6,1131077%
Source: The Farr West, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.