Woods Cross, UT Cost Of Living

Woods Cross 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	Woods Cross	Utah	National
Cost of living index	103	101	100
Index	Woods Cross	Utah	National
Goods & Services index	100	97	100
Groceries index	107	101	100
Health care index	99	100	100
Housing index	116	114	100
Transportation index	104	102	100
Utilities index	75	79	100

The above illustration supplies generalized information for the Woods Cross, UT cost of living index. Compared to other cities in Utah and cities across the country, the cost of living index in Woods Cross, UT is 103, which is 2% higher than the Utah average and 3% higher 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 Woods Cross, UT are 3% higher than the average for Utah and 1% lower than the rest of the country.

Did you know?

The cost of living in Woods Cross is 2% higher than the Utah average.
The cost of living in Woods Cross is 3% higher than the national average.
The cost of housing in Woods Cross is 16% 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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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

The salary calculator is used in order to provide a comparison of your current salary in Woods Cross, UT to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Woods Cross, UT, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Woods Cross, UT salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$83,698	$6,975	$1,953	$2,511
Renters	$45,574	$3,798	$1,063	$1,367

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 Woods Cross, 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. Woods Cross, UT has a median income of about $83,698 for people who own homes. Based on that number, a person should spend a maximum of $1,953 on expenses related to housing. Renters have a slightly different median income, which is $45,574. Based on this average, renters should spend no more than $1,063 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%

One thing to keep in mind when considering the cost of living in Woods Cross, 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

Item	Woods Cross	National avg.	Difference
Haircut	$14.93	$16.09	7.2%
Beauty Salon	$31.67	$37.33	15.2%
Toothpaste	$2.79	$2.45	14.1%
Shampoo	$0.91	$1.00	9.0%
Movie	$9.58	$10.28	6.8%
Bowling	$3.49	$4.93	29.3%

Groceries

Item	Woods Cross	National avg.	Difference
Ground Beef	$4.13	$3.80	8.6%
Fried Chicken	$1.50	$1.40	7.6%
Milk	$1.74	$2.01	13.2%
Potatoes	$3.52	$3.01	17.0%
Pizza	$10.09	$9.89	2.1%
Beer	$8.20	$8.90	7.8%

Health Care

Item	Woods Cross	National avg.	Difference
Optometrist	$89.33	$102.16	12.6%
Doctor	$107.86	$108.36	0.5%
Dentist	$86.24	$92.53	6.8%
Ibuprofen	$9.29	$9.28	0.1%
Lipitor	$465.56	$425.82	9.3%

Housing

Item	Woods Cross	National avg.	Difference
Home Price	$226,200.00	$184,700.00	22.5%
Avg. Mortgage Payment	$1,133.02	$1,202.44	5.8%
Apartment Rent	$969.00	$949.00	2.1%

Transportation

Item	Woods Cross	National avg.	Difference
Gasoline	$2.23	$2.24	0.4%
Tire Balancing	$51.82	$46.29	11.9%

Utilities

Item	Woods Cross	National avg.	Difference
All Electricity	$138.33	$165.96	16.7%
Phone	$19.00	$28.68	33.8%

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, State	Population	Cost of Living Index	National Avg.
Magna, UT	27,553	96	-4%
South Salt Lake, UT	24,575	96	-4%
West Valley City, UT	134,609	97	-3%
Taylorsville, UT	60,448	99	-1%
Layton, UT	72,413	101	1%
Woods Cross, UT	10,930	103	3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Vidor, TX	10,928	86	-14%
Rossmoor, CA	10,933	196	96%
Manchester, VA	10,927	98	-2%
Gardere, LA	10,926	94	-6%
Broomall, PA	10,935	126	26%
Woods Cross, UT	10,930	103	3%

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

Woods Cross, UT Cost of Living