| Index | Midvale | Utah | National |
| Cost of living | 115 | 105 | 100 |
| Groceries | 102 | 101 | 100 |
| Health care | 101 | 101 | 100 |
| Housing | 147 | 113 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 99 | 101 | 100 |
| Lifestyle & Entertainment | 100 | 102 | 100 |
| Household Items | 101 | 102 | 100 |
| Education & Childcare | 104 | 105 | 100 |
Knowing the cost of living in Midvale allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Midvale stands at 115, marking it 15% higher than the national average.
Housing costs are a very significant part of the Midvale cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 46.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Midvale an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Midvale is 58.3% higher than the national average, while the average monthly rent prices are 19.8% higher than average. The affordability of any location can also be influenced by median income levels. Midvale has a median household income of $91,094, which is 12% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Midvale, healthcare costs are 0.5% higher than the national average.
The cost of living estimates displayed for Midvale are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| 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 | $116,254 | $9,688 | $2,712 | $3,488 |
| Renters | $78,087 | $6,507 | $1,822 | $2,343 |
| 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% |
| Midvale, UT | 34,477 | 115 | 14.9% |
| City | Population | Cost of Living Index | National Avg. |
| Cedar City, UT | 34,473 | 105 | 4.8% |
| Myrtle Beach, SC | 34,485 | 104 | 4.5% |
| Kaneohe, HI | 34,467 | 200 | 100.1% |
| Beverly Hills, CA | 34,487 | 338 | 238.1% |
| Springville, UT | 34,438 | 114 | 14.2% |
| Midvale, UT | 34,477 | 115 | 14.9% |
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