Springville 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.
IndexSpringvilleUtahNational
Cost of living index99100100
IndexSpringvilleUtahNational
Goods & Services index9594100
Groceries index9596100
Health care index9290100
Housing index108113100
Transportation index109107100
Utilities index7985100
An overview of the general cost of living index for Springville, UT is displayed above for your reference. Residents in Springville, UT enjoy a cost of living index of 99. This index is 2% lower than the Utah average, and 1% lower 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 Springville, UT, the average cost of goods and services is equal to it is in Utah, and it is 6% lower than the national average.

Did you know?

  • The cost of living in Springville is 2% lower than the Utah average.
  • The cost of living in Springville is 1% lower than the national average.
  • The cost of housing in Springville is 8% 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.

Find Real Estate Listings In Springville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Springville

Compare Springville, 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
Use the salary calculator to compare your current salary in Springville, 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 Springville, UT, then you would need to earn more income in order to maintain the same standard of living. To use the Springville, 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$70,440$5,870$1,643$2,113
Renters$42,853$3,571$1,000$1,286
One can approximate the cost of living and the housing affordability in Springville, UT by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Springville, UT have a median income of $70,440. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,643 per month to avoid calamity and poverty. The renters in the city have an income of about $42,853, which would make their monthly maximum allowable rental costs $1,000.

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 Springville, 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

ItemSpringvilleNational avg.Difference
Haircut $18.03$15.5615.8%
Beauty Salon $32.72$36.119.4%
Toothpaste $1.89$2.4723.6%
Shampoo $0.86$0.9611.2%
Movie $9.44$10.136.8%
Bowling $3.62$4.7423.6%

Groceries

ItemSpringvilleNational avg.Difference
Ground Beef $3.72$3.986.6%
Fried Chicken $1.22$1.4113.6%
Milk $1.47$2.0628.8%
Potatoes $3.31$2.9810.8%
Pizza $8.94$9.475.7%
Beer $7.85$8.7910.7%

Health Care

ItemSpringvilleNational avg.Difference
Optometrist $94.77$101.046.2%
Doctor $99.97$107.447.0%
Dentist $73.71$90.4218.5%
Ibuprofen $9.74$9.285.0%
Lipitor $432.10$426.501.3%

Housing

ItemSpringvilleNational avg.Difference
Home Price $195,300.00$175,700.0011.2%
Avg. Mortgage Payment $1,037.59$1,133.238.4%
Apartment Rent $937.00$920.001.8%

Transportation

ItemSpringvilleNational avg.Difference
Gasoline $2.11$1.995.9%
Tire Balancing $53.69$45.7617.3%

Utilities

ItemSpringvilleNational avg.Difference
All Electricity$139.23$163.8115.0%
Phone $19.99$28.3929.6%
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, UT98691-9%
Payson, UT18,92896-4%
Provo, UT114,80497-3%
Spanish Fork, UT36,33798-2%
Santaquin, UT9,69499-1%
Springville, UT30,64999-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Westfield, NJ30,64717171%
Newington, CT30,65212222%
Wheat Ridge, CO30,6551099%
Pueblo West, CO30,65595-5%
Kyle, TX30,66498-2%
Springville, UT30,64999-1%
Source: The Springville, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.