Washington Terrace, UT Cost Of Living

Washington Terrace 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.
Index	Washington Terrace	Utah	National
Cost of living index	91	101	100
Index	Washington Terrace	Utah	National
Goods & Services index	99	97	100
Groceries index	104	101	100
Health care index	113	100	100
Housing index	77	114	100
Transportation index	102	102	100
Utilities index	76	79	100

Displayed above is a general overview of the Washington Terrace, UT cost of living index. The overall cost of living index in Washington Terrace, UT is 91, which is 10% lower than the Utah average and 9% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Washington Terrace, UT are 2% higher than the Utah average and 1% lower than the national average.

Did you know?

The cost of living in Washington Terrace is 10% lower than the Utah average.
The cost of living in Washington Terrace is 9% lower than the national average.
The cost of housing in Washington Terrace is 23% 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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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Washington Terrace, UT to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Washington Terrace, UT, you have to earn a higher income in order to still have the same standard of living. To operate the Washington Terrace, UT salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$63,843	$5,320	$1,490	$1,915
Renters	$23,287	$1,941	$543	$699

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 Washington Terrace, 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. Washington Terrace, UT has a median income of about $63,843 for people who own homes. Based on that number, a person should spend a maximum of $1,490 on expenses related to housing. Renters have a slightly different median income, which is $23,287. Based on this average, renters should spend no more than $543 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Utah Sales Tax

State	General Sales Tax	With Max Surtax
Utah	5.95%	8.35%

Utah Income Tax

State	Income Tax (Low)	Income Tax (High)
Utah	5%	5%

When considering the overall cost of living expenses in Washington Terrace, UT, it's important to take into account the sales tax for Utah, as well as the rate for income tax in Utah. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Utah is 8.35%, and the sales tax in the state of Utah is 5.95%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Utah starts from 5% and goes up to 5%.

Goods & Services

Item	Washington Terrace	National avg.	Difference
Haircut	$14.19	$16.09	11.8%
Beauty Salon	$30.34	$37.33	18.7%
Toothpaste	$3.00	$2.45	22.5%
Shampoo	$0.88	$1.00	11.9%
Movie	$9.73	$10.28	5.3%
Bowling	$3.76	$4.93	23.8%

Groceries

Item	Washington Terrace	National avg.	Difference
Ground Beef	$3.91	$3.80	2.9%
Fried Chicken	$1.86	$1.40	33.2%
Milk	$1.87	$2.01	6.6%
Potatoes	$3.95	$3.01	31.2%
Pizza	$10.12	$9.89	2.4%
Beer	$7.64	$8.90	14.2%

Health Care

Item	Washington Terrace	National avg.	Difference
Optometrist	$109.34	$102.16	7.0%
Doctor	$103.34	$108.36	4.6%
Dentist	$124.99	$92.53	35.1%
Ibuprofen	$9.67	$9.28	4.2%
Lipitor	$450.03	$425.82	5.7%

Housing

Item	Washington Terrace	National avg.	Difference
Home Price	$143,100.00	$184,700.00	22.5%
Avg. Mortgage Payment	$1,400.37	$1,202.44	16.5%
Apartment Rent	$706.00	$949.00	25.6%

Transportation

Item	Washington Terrace	National avg.	Difference
Gasoline	$2.32	$2.24	3.2%
Tire Balancing	$45.94	$46.29	0.8%

Utilities

Item	Washington Terrace	National avg.	Difference
All Electricity	$137.79	$165.96	17.0%
Phone	$19.62	$28.68	31.6%

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, State	Population	Cost of Living Index	National Avg.
Ogden, UT	84,900	91	-9%
Sunset, UT	5,176	91	-9%
Riverdale, UT	8,636	95	-5%
Roy, UT	37,853	95	-5%
Clearfield, UT	30,483	95	-5%
Washington Terrace, UT	9,150	91	-9%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Stony Brook University, NY	9,150	140	40%
San Elizario, TX	9,144	77	-23%
Bloomingdale, TN	9,144	84	-16%
White Meadow Lake, NJ	9,156	133	33%
Marianna, FL	9,157	83	-17%
Washington Terrace, UT	9,150	91	-9%

Source: The Washington Terrace, UT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Washington Terrace, UT Cost of Living