Cost Of Living In Hyrum, UT

Hyrum 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.
Index	Hyrum	Utah	National
Cost of living index	92	100	100
Index	Hyrum	Utah	National
Goods & Services index	95	94	100
Groceries index	95	96	100
Health care index	92	90	100
Housing index	87	113	100
Transportation index	109	107	100
Utilities index	79	85	100

A general overview of the cost of living index for Hyrum, UT is displayed above. In Hyrum, UT, the overall cost of living index is 92, which is 8% lower than the Utah average and 8% lower 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 Hyrum, UT, the city's goods and services are equal to the Utah average and 6% lower than the U.S. average.

Did you know?

The cost of living in Hyrum is 8% lower than the Utah average.
The cost of living in Hyrum is 8% lower than the national average.
The cost of housing in Hyrum is 13% lower 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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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Hyrum, 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 Hyrum, UT, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hyrum, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$65,130	$5,428	$1,520	$1,954
Renters	$30,286	$2,524	$707	$909

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Hyrum, UT as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Hyrum, UT homeowners, is $65,130. This would allow for a maximum of $1,520 per month to be spent on housing costs. For renters, the median monthly income is $30,286 which would result in a maximum of $707 to be spent on rental costs.

Utah Sales Tax

State	General Sales Tax	With Max Surtax
Utah	5.95%	8.35%

Utah Income Tax

State	Income Tax (Low)	Income Tax (High)
Utah	5%	5%

When you are determining the total cost of living in Hyrum, 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

Item	Hyrum	National avg.	Difference
Haircut	$18.03	$15.56	15.8%
Beauty Salon	$32.72	$36.11	9.4%
Toothpaste	$1.89	$2.47	23.6%
Shampoo	$0.86	$0.96	11.2%
Movie	$9.44	$10.13	6.8%
Bowling	$3.62	$4.74	23.6%

Groceries

Item	Hyrum	National avg.	Difference
Ground Beef	$3.72	$3.98	6.6%
Fried Chicken	$1.22	$1.41	13.6%
Milk	$1.47	$2.06	28.8%
Potatoes	$3.31	$2.98	10.8%
Pizza	$8.94	$9.47	5.7%
Beer	$7.85	$8.79	10.7%

Health Care

Item	Hyrum	National avg.	Difference
Optometrist	$94.77	$101.04	6.2%
Doctor	$99.97	$107.44	7.0%
Dentist	$73.71	$90.42	18.5%
Ibuprofen	$9.74	$9.28	5.0%
Lipitor	$432.10	$426.50	1.3%

Housing

Item	Hyrum	National avg.	Difference
Home Price	$160,500.00	$175,700.00	8.7%
Avg. Mortgage Payment	$1,037.59	$1,133.23	8.4%
Apartment Rent	$700.00	$920.00	23.9%

Transportation

Item	Hyrum	National avg.	Difference
Gasoline	$2.11	$1.99	5.9%
Tire Balancing	$53.69	$45.76	17.3%

Utilities

Item	Hyrum	National avg.	Difference
All Electricity	$139.23	$163.81	15.0%
Phone	$19.99	$28.39	29.6%

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, State	Population	Cost of Living Index	National Avg.
Cache, UT	0	94	-6%
Brigham City, UT	18,264	90	-10%
Fielding, UT	494	91	-9%
Logan, UT	48,933	92	-8%
Bear River City, UT	857	92	-8%
Hyrum, UT	7,751	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Herkimer, NY	7,752	89	-11%
Templeton, CA	7,753	135	35%
Innsbrook, VA	7,749	111	11%
Hales Corners, WI	7,749	106	6%
Fairfield Glade, TN	7,754	102	2%
Hyrum, UT	7,751	92	-8%

Source: The Hyrum, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Hyrum, UT Cost of Living