C-
22%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
72%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Eagle Mountain Utah National
Cost of living122104100
Goods & Services102102100
Groceries9899100
Health care9691100
Housing172114100
Transportation107105100
Utilities9195100

An Overview of Cost of Living in Eagle Mountain, UT

Getting a feel for the cost of living in Eagle Mountain is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Eagle Mountain is 122, which is 22% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Eagle Mountain is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Eagle Mountain falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Eagle Mountain cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 72%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Eagle Mountain Affordable?

Wondering if Eagle Mountain is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Eagle Mountain, for example, the median home price is 71.9% higher than what folks pay nationally, and monthly rent is 72.2% higher than the usual rates. Plus, income levels matter too, with Eagle Mountain boasting a median household income of $87,094, which is 57.4% higher than the national average.

What Factors can Influence the Cost of Living in Eagle Mountain?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Eagle Mountain, the standard sales tax rate starts at 6.1%, and the income tax rates commence at 4.85%.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Eagle Mountain, the housing index is 72% higher than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Eagle Mountain, healthcare costs are 3.9% lower than the national average.

Where is the Data From?

The Eagle Mountain cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Eagle Mountain is 16% higher than the Utah average
  • The cost of living in Eagle Mountain is 22% higher than the national average
  • Eagle Mountain housing is 72% higher than the national average
  • Utah general sales tax is 20% higher than the national average
  • Utah state income tax is 87% higher than the national average

Most Affordable Places to Live in and Around Eagle Mountain

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Compare Eagle Mountain, UT Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$87,983$7,332$2,053$2,640
      Renters$73,750$6,146$1,721$2,213
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Eagle Mountain, UT, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Eagle Mountain homeowners, is $87,983. This would allow for a maximum of $2,053 per month to be spent on housing costs. For renters, the median monthly income is $73,750 which would result in a maximum of $1,721 to be spent on rental costs.

      Utah Sales Tax

      State General Sales Tax With Max Surtax
      Utah 6.1% 8.35%

      Utah Income Tax

      State Income Tax (Low) Income Tax (High)
      Utah 4.85% 4.85%

      Goods & Services

      Item Eagle Mountain National avg. Difference
      Haircut $20.85$24.2614.1%
      Beauty Salon $48.42$45.566.3%
      Toothpaste $3.58$3.703.4%
      Shampoo $1.18$1.287.6%
      Movie $12.31$12.131.5%
      Bowling $20.93$18.0016.3%

      Groceries

      Item Eagle Mountain National avg. Difference
      Ground Beef $5.79$5.840.9%
      Fried Chicken $1.39$1.5711.9%
      Milk $4.62$4.671.2%
      Potatoes $4.61$4.936.6%
      Pizza $12.02$12.090.5%
      Beer $10.69$10.412.6%

      Health Care

      Item Eagle Mountain National avg. Difference
      Optometrist $119.08$125.685.3%
      Doctor $128.07$135.785.7%
      Dentist $99.10$113.2912.5%
      Ibuprofen $10.51$10.651.3%
      Lipitor $546.75$468.6016.7%

      Housing

      Item Eagle Mountain National avg. Difference
      Home Price $317,500.00$184,700.0071.9%
      Avg. Mortgage Payment $2,790.73$2,346.6918.9%
      Apartment Rent $1,634.00$949.0072.2%

      Transportation

      Item Eagle Mountain National avg. Difference
      Gasoline $3.58$3.463.4%
      Tire Balancing $69.63$59.9216.2%

      Utilities

      Item Eagle Mountain National avg. Difference
      All Electricity $165.50$193.9914.7%
      Phone $192.69$192.250.2%
      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 Population Cost of Living Index National Avg.
      Cedar Fort, UT21211615.7%
      Pleasant Grove, UT38,47411818.4%
      American Fork, UT31,63611918.5%
      Ophir, UT6512727.4%
      Riverton, UT43,79312928.7%
      Eagle Mountain, UT35,43112221.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gahanna, OH35,4421033.2%
      Richmond, IN35,4678119.1%
      Oswego, IL35,47011414.3%
      Wildwood, MO35,47612221.7%
      Inver Grove Heights, MN35,49211010.2%
      Eagle Mountain, UT35,43112221.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.