Richfield 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.
IndexRichfieldUtahNational
Cost of living index91101100
IndexRichfieldUtahNational
Goods & Services index9396100
Groceries index9796100
Health care index8589100
Housing index86113100
Transportation index100102100
Utilities index8790100
The above illustration supplies generalized information for the Richfield, UT cost of living index. Compared to other cities in Utah and cities across the country, the cost of living index in Richfield, UT is 91, which is 9% lower than the Utah average and 9% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Richfield, UT are 3% lower than the average for Utah and 7% lower than the rest of the country.

Did you know?

  • The cost of living in Richfield is 9% lower than the Utah average.
  • The cost of living in Richfield is 9% lower than the national average.
  • The cost of housing in Richfield is 14% 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 Richfield, UT Cost of living To Other Cities

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
The salary calculator is meant to help you compare your salary in Richfield, UT to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Richfield, UT, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Richfield, UT salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,531$4,128$1,156$1,486
Renters$31,614$2,635$738$949
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Richfield, UT, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Richfield, UT has a median income of about $49,531 for people who own homes. Based on that number, a person should spend a maximum of $1,156 on expenses related to housing. Renters have a slightly different median income, which is $31,614. Based on this average, renters should spend no more than $738 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Utah Sales Tax

StateGeneral Sales TaxWith Max Surtax
Utah5.95%8.35%

Utah Income Tax

StateIncome Tax (Low)Income Tax (High)
Utah5%5%
One thing to keep in mind when considering the cost of living in Richfield, UT is the Utah sales tax and Utah income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Utah sales tax rate is 5.95% and the maximum surtax that can be charged is 8.35%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Utah income tax rates range from 5% to 5%.

Goods & Services

ItemRichfieldNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $21.67$34.6837.5%
Toothpaste $2.29$2.477.4%
Shampoo $0.98$1.024.1%
Movie $8.75$9.8711.3%
Bowling $3.75$4.3914.6%

Groceries

ItemRichfieldNational avg.Difference
Ground Beef $3.82$4.4814.7%
Fried Chicken $1.46$1.460.3%
Milk $1.99$2.3615.6%
Potatoes $2.29$3.0625.2%
Pizza $10.00$9.248.2%
Beer $8.82$8.632.2%

Health Care

ItemRichfieldNational avg.Difference
Optometrist $84.00$99.7815.8%
Doctor $88.33$105.0315.9%
Dentist $67.00$88.7024.5%
Ibuprofen $8.22$9.4112.7%
Lipitor $290.95$298.502.5%

Housing

ItemRichfieldNational avg.Difference
Home Price $157,700.00$175,700.0010.2%
Avg. Mortgage Payment $864.61$1,081.0320.0%
Apartment Rent $714.00$920.0022.4%

Transportation

ItemRichfieldNational avg.Difference
Gasoline $2.16$2.093.4%
Tire Balancing $41.75$45.297.8%

Utilities

ItemRichfieldNational avg.Difference
All Electricity$169.56$170.800.7%
Phone $19.84$28.2629.8%
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.
Salina, UT2,28384-16%
Fillmore, UT2,83585-15%
Elsinore, UT86488-12%
Sigurd, UT54889-11%
Joseph, UT35789-11%
Richfield, UT7,55091-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oakdale, NY7,55115252%
Park City, IL7,55185-15%
North Sarasota, FL7,54891-9%
Fairfax, CA7,54617979%
Ojai, CA7,55816060%
Richfield, UT7,55091-9%
Source: The Richfield, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.