Saratoga Springs 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.
IndexSaratoga SpringsUtahNational
Cost of living index113101100
IndexSaratoga SpringsUtahNational
Goods & Services index10196100
Groceries index9596100
Health care index9189100
Housing index147113100
Transportation index106102100
Utilities index9490100
An overview of the general cost of living index for Saratoga Springs, UT is displayed above for your reference. Residents in Saratoga Springs, UT enjoy a cost of living index of 113. This index is 12% higher than the Utah average, and 13% 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 Saratoga Springs, 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 Saratoga Springs is 12% higher than the Utah average.
  • The cost of living in Saratoga Springs is 13% higher than the national average.
  • The cost of housing in Saratoga Springs is 47% 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 Saratoga Springs, UT Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Saratoga Springs, 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 Saratoga Springs, UT, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Saratoga Springs, 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$79,388$6,616$1,852$2,382
Renters$70,903$5,909$1,654$2,127
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Saratoga Springs, 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 Saratoga Springs, UT homeowners have a median income of $79,388. Using that number, you will come up with a maximum of $1,852 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $70,903, which means there is a maximum of $1,654 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%
For those who live in Saratoga Springs, UT and want to know what the true cost of living is, they ought to look at both the Utah income tax rate and the Utah sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Utah, the sales tax is 5.95%, while the most you'll pay in surtax is 8.35%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Utah, the income tax rate ranges between 5% to 5%.

Goods & Services

ItemSaratoga SpringsNational 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

ItemSaratoga SpringsNational 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

ItemSaratoga SpringsNational 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

ItemSaratoga SpringsNational avg.Difference
Home Price $243,000.00$175,700.0038.3%
Avg. Mortgage Payment $1,027.66$1,081.034.9%
Apartment Rent $1,528.00$920.0066.1%

Transportation

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

Utilities

ItemSaratoga SpringsNational 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.
Copperton, UT55197-3%
Provo, UT114,8041000%
Independence, UT2131011%
Orem, UT90,4851022%
American Fork, UT27,3661055%
Saratoga Springs, UT21,06111313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hunters Creek, FL21,06411010%
Mililani Mauka, HI21,05119191%
Holiday, FL21,04986-14%
Casa de Oro-Mount Helix, CA21,07615757%
Lakeside, CA21,07912727%
Saratoga Springs, UT21,06111313%
Source: The Saratoga Springs, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.