Millcreek 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.
IndexMillcreekUtahNational
Cost of living index111101100
IndexMillcreekUtahNational
Goods & Services index10196100
Groceries index9596100
Health care index9189100
Housing index138113100
Transportation index106102100
Utilities index9490100
An overview of the general cost of living index for Millcreek, UT is displayed above for your reference. Residents in Millcreek, UT enjoy a cost of living index of 111. This index is 10% higher than the Utah average, and 11% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Millcreek, UT, the average cost of goods and services is 5% higher than it is in Utah, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Millcreek is 10% higher than the Utah average.
  • The cost of living in Millcreek is 11% higher than the national average.
  • The cost of housing in Millcreek is 38% 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 Millcreek, UT Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Millcreek, UT to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Millcreek, UT, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Millcreek, UT salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$74,860$6,238$1,747$2,246
Renters$39,499$3,292$922$1,185
The affordability of the housing market in Millcreek, UT as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Millcreek, UT homeowners, the median income is $74,860. This indicates that a monthly maximum of $1,747 should be spent by homeowners on all housing related costs. Renters have a median income of $39,499. This indicates that renters should have a maximum of $922 used for their rent related monthly costs.

Utah Sales Tax

StateGeneral Sales TaxWith Max Surtax
Utah5.95%8.35%

Utah Income Tax

StateIncome Tax (Low)Income Tax (High)
Utah5%5%
When considering the overall cost of living expenses in Millcreek, UT, it's important to take into account the sales tax for Utah, as well as the rate for income tax in Utah. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Utah is 8.35%, and the sales tax in the state of Utah is 5.95%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Utah starts from 5% and goes up to 5%.

Goods & Services

ItemMillcreekNational 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

ItemMillcreekNational 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

ItemMillcreekNational 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

ItemMillcreekNational avg.Difference
Home Price $273,000.00$175,700.0055.4%
Avg. Mortgage Payment $1,027.66$1,081.034.9%
Apartment Rent $902.00$920.002.0%

Transportation

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

Utilities

ItemMillcreekNational 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.
Magna, UT28,18296-4%
South Salt Lake, UT24,31597-3%
Copperton, UT55197-3%
West Valley City, UT132,32998-2%
Kearns, UT34,86599-1%
Millcreek, UT63,31111111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carmichael, CA63,31412222%
Montebello, CA63,35313333%
Kissimmee, FL63,39292-8%
West Hartford, CT63,39613333%
Rockville, MD63,40214444%
Millcreek, UT63,31111111%
Source: The Millcreek, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.