| Index | Santaquin | Utah | National |
| Cost of living | 114 | 105 | 100 |
| Groceries | 101 | 101 | 100 |
| Health care | 99 | 101 | 100 |
| Housing | 142 | 113 | 100 |
| Transportation | 103 | 101 | 100 |
| Utilities | 101 | 101 | 100 |
| Lifestyle & Entertainment | 103 | 102 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 104 | 105 | 100 |
Understanding the cost of living in Santaquin can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Santaquin cost of living index is 114, which is 14% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Housing costs are a very significant part of the Santaquin 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 41.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Santaquin an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Santaquin, the median home price is 59.4% higher than what most folks pay across the country, and monthly rent prices are 0.6% higher than the usual rates. Income levels in Santaquin come in at $115,058, which is 41.5% higher than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Santaquin, the general sales tax rate starts at 6.1%, and income tax rates begin at 4.85%.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Santaquin, the groceries index is 1% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The Santaquin 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 | $123,405 | $10,284 | $2,879 | $3,703 |
| Renters | $69,377 | $5,781 | $1,619 | $2,082 |
| 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. |
| Goshen, UT | 963 | 105 | 5.2% |
| Rocky Ridge, UT | 1,095 | 106 | 6.0% |
| Payson, UT | 20,937 | 111 | 11.0% |
| Springville, UT | 34,438 | 114 | 14.2% |
| Mona, UT | 1,766 | 116 | 16.2% |
| Santaquin, UT | 12,586 | 114 | 13.7% |
| City | Population | Cost of Living Index | National Avg. |
| Sylacauga, AL | 12,588 | 88 | 11.7% |
| New Baltimore, MI | 12,588 | 103 | 2.7% |
| Streator, IL | 12,592 | 84 | 16.1% |
| Holly Hill, FL | 12,579 | 97 | 3.2% |
| Harrison, WI | 12,579 | 107 | 7.1% |
| Santaquin, UT | 12,586 | 114 | 13.7% |
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