C-
23%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
68%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index North Salt Lake Utah National
Cost of living123104100
Goods & Services106102100
Groceries10099100
Health care9691100
Housing168114100
Transportation110105100
Utilities9495100

An Overview of Cost of Living in North Salt Lake, UT

Are you thinking about relocating, but curious about the potential cost of living in North Salt Lake? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in North Salt Lake stands at 123, making it 23% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in North Salt Lake is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, North Salt Lake falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a major factor in the North Salt Lake cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 68.3% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is North Salt Lake Affordable?

Is North Salt Lake affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take North Salt Lake, for instance, where the median home price falls 83.2% higher than the national average, and monthly rent rates are 33.6% higher than usual. Additionally, median income levels contribute to the equation, with North Salt Lake flaunting a median household income of $80,064, 44.7% higher than the national norm.

What Factors can Influence the Cost of Living in North Salt Lake?

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In North Salt Lake, the healthcare costs are 3.8% lower than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In North Salt Lake, the transportation index is 10% higher than the national average.

Where is the Data From?

The North Salt Lake cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in North Salt Lake is 18% higher than the Utah average
  • The cost of living in North Salt Lake is 23% higher than the national average
  • North Salt Lake housing is 68% higher than the national average
  • Utah general sales tax is 20% higher than the national average
  • Utah state income tax is 115% higher than the national average

Most Affordable Places to Live in and Around North Salt Lake

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Compare North Salt Lake, UT Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$106,279$8,857$2,480$3,189
      Renters$48,567$4,047$1,133$1,457
      A good way to judge both the affordability of the housing and the cost of living in North Salt Lake is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. North Salt Lake has a median income of about $106,279 for people who own homes. Based on that number, a maximum of $2,480 should be spent on expenses related to housing. Renters have a slightly different median income, which is $48,567. Based on this average, renters should spend no more than $1,133 on all rental costs if they want to maintain a non-impoverished standard of living.

      Utah Sales Tax

      State General Sales Tax With Max Surtax
      Utah 6.1% 8.35%

      Utah Income Tax

      State Income Tax (Low) Income Tax (High)
      Utah 4.85% 4.85%

      Goods & Services

      Item North Salt Lake National avg. Difference
      Haircut $20.87$24.2614.0%
      Beauty Salon $50.33$45.5610.5%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.18$1.288.1%
      Movie $9.94$12.1318.1%
      Bowling $19.80$18.0010.0%

      Groceries

      Item North Salt Lake National avg. Difference
      Ground Beef $5.76$5.841.3%
      Fried Chicken $1.51$1.574.2%
      Milk $4.65$4.670.4%
      Potatoes $4.60$4.936.7%
      Pizza $11.69$12.093.3%
      Beer $10.59$10.411.7%

      Health Care

      Item North Salt Lake National avg. Difference
      Optometrist $125.19$125.680.4%
      Doctor $117.14$135.7813.7%
      Dentist $85.13$113.2924.9%
      Ibuprofen $10.89$10.652.3%
      Lipitor $528.57$468.6012.8%

      Housing

      Item North Salt Lake National avg. Difference
      Home Price $338,400.00$184,700.0083.2%
      Avg. Mortgage Payment $3,117.82$2,346.6932.9%
      Apartment Rent $1,268.00$949.0033.6%

      Transportation

      Item North Salt Lake National avg. Difference
      Gasoline $3.75$3.468.3%
      Tire Balancing $57.07$59.924.8%

      Utilities

      Item North Salt Lake National avg. Difference
      All Electricity $198.43$193.992.3%
      Phone $192.11$192.250.1%
      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 Population Cost of Living Index National Avg.
      Magna, UT27,0291098.8%
      South Salt Lake, UT25,1251109.6%
      Kearns, UT36,45711110.7%
      West Valley City, UT135,61011110.9%
      Taylorsville, UT59,92611312.8%
      North Salt Lake, UT20,72112322.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mokena, IL20,72011818.3%
      Park Forest, IL20,715918.8%
      Murphy, TX20,71114140.6%
      Baie-Comeau, QC20,732n/a 
      Lumberton, NC20,7048812.5%
      North Salt Lake, UT20,72112322.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.