Payson 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.
IndexPaysonUtahNational
Cost of living index99101100
IndexPaysonUtahNational
Goods & Services index10196100
Groceries index9596100
Health care index9189100
Housing index99113100
Transportation index106102100
Utilities index9490100
A general overview of the cost of living index for Payson, UT is displayed above. In Payson, UT, the overall cost of living index is 99, which is 2% lower than the Utah average and 1% 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 Payson, 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 Payson is 2% lower than the Utah average.
  • The cost of living in Payson is 1% lower than the national average.
  • The cost of housing in Payson is 1% 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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Compare Payson, UT Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Payson, UT to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Payson, UT, then you would need to earn more income in order to maintain the same standard of living. To use the Payson, UT salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,058$5,588$1,565$2,012
Renters$31,489$2,624$735$945
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Payson, 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 Payson, UT homeowners have a median income of $67,058. Using that number, you will come up with a maximum of $1,565 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,489, which means there is a maximum of $735 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 assessing the complete cost of living in Payson, UT, the Utah income tax and the Utah sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Utah maximum surtax is 8.35%, and the Utah sales tax is 5.95%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5% to 5% in Utah.

Goods & Services

ItemPaysonNational 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

ItemPaysonNational 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

ItemPaysonNational 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

ItemPaysonNational avg.Difference
Home Price $181,000.00$175,700.003.0%
Avg. Mortgage Payment $1,027.66$1,081.034.9%
Apartment Rent $817.00$920.0011.2%

Transportation

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

Utilities

ItemPaysonNational 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.
Goshen, UT98694-6%
Elberta, UT36696-4%
Rocky Ridge, UT1,27497-3%
Provo, UT114,8041000%
Spanish Fork, UT36,3371011%
Payson, UT18,92899-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Forest Lake, MN18,93311010%
Sylvania, OH18,92397-3%
Eustis, FL18,92092-8%
Mineola, NY18,91816363%
Snellville, GA18,9391000%
Payson, UT18,92899-1%
Source: The Payson, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.