| Index | Draper | Utah | National |
| Cost of living | 145 | 105 | 100 |
| Groceries | 99 | 101 | 100 |
| Health care | 102 | 101 | 100 |
| Housing | 247 | 113 | 100 |
| Transportation | 104 | 101 | 100 |
| Utilities | 100 | 101 | 100 |
| Lifestyle & Entertainment | 98 | 102 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 106 | 105 | 100 |
The cost of living in Draper affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Draper is 145, which is 45% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
If you value affordability in your search for a new place to live, Draper may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Draper falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs make up a big chunk of the cost of living in Draper, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 147.3% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Draper affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Draper, for instance, where the median home price falls 189.8% higher than the national average, and monthly rent rates are 48.3% higher than usual. Additionally, median income levels contribute to the equation, with Draper flaunting a median household income of $167,406, 105.8% higher than the national norm.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Draper, the prevailing sales tax rate starts at 6.1%, and income tax rates kick off at 4.85%.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Draper, the transportation index is 4.2% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Draper, the healthcare costs are 2.2% higher than the national average.
The Draper cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $197,398 | $16,450 | $4,606 | $5,923 |
| Renters | $97,422 | $8,119 | $2,273 | $2,923 |
| State | General Sales Tax | With Max Surtax |
| Utah | 6.1% | 8.35% |
| State | Income Tax (Low) | Income Tax (High) |
| Utah | 4.85% | 4.85% |
| City | Population | Cost of Living Index | National Avg. |
| Copperton, UT | 856 | 106 | 6.0% |
| Magna, UT | 27,938 | 109 | 9.4% |
| Kearns, UT | 37,458 | 109 | 9.5% |
| West Valley City, UT | 140,970 | 110 | 10.3% |
| South Salt Lake, UT | 25,758 | 110 | 10.4% |
| Draper, UT | 50,021 | 145 | 45.3% |
| City | Population | Cost of Living Index | National Avg. |
| Lawrence, IN | 50,012 | 96 | 3.5% |
| Lincoln, CA | 50,006 | 153 | 53.1% |
| Tuckahoe, VA | 49,974 | 123 | 22.8% |
| Newark, CA | 49,971 | 195 | 95.1% |
| Middletown, OH | 50,075 | 88 | 12.2% |
| Draper, UT | 50,021 | 145 | 45.3% |
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