D-
27%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
89%
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 Saratoga Springs Utah National
Cost of living127104100
Goods & Services102102100
Groceries9899100
Health care9691100
Housing189114100
Transportation107105100
Utilities9195100

An Overview of Cost of Living in Saratoga Springs, UT

The cost of living in Saratoga Springs 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 Saratoga Springs is 127, which is 27% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Saratoga Springs is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Saratoga Springs falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs make up a big chunk of the cost of living in Saratoga Springs, 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 89.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

What Do Locals Say About the Cost of Living in Saratoga Springs?

The most insightful perspective on a city comes from its residents. We recently surveyed 6 locals to gauge their perception of the cost of living in Saratoga Springs. The feedback revealed that 50% of respondents found the cost of living to be reasonable, with prices on the decline, while 50% regarded it as notably expensive with prices that continue to rise.

Is Saratoga Springs Affordable?

Is Saratoga Springs 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 Saratoga Springs is 97.8% higher than the national average, while the average monthly rent prices are 68.9% higher than average. The affordability of any location can also be influenced by median income levels. Saratoga Springs has a median household income of $101,592, which is 83.6% higher than the national average.

What Factors can Influence the Cost of Living in Saratoga Springs?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Saratoga Springs, the housing index comes in at 89.2% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Saratoga Springs, the groceries index is 1.7% lower than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Saratoga Springs, healthcare costs are 3.9% lower than the national average.

Where is the Data From?

The Saratoga Springs 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Saratoga Springs is 21% higher than the Utah average
  • The cost of living in Saratoga Springs is 27% higher than the national average
  • Saratoga Springs housing is 89% higher than the national average
  • Utah general sales tax is 20% higher than the national average
  • Utah state income tax is 115% higher than the national average

Most Affordable Places to Live in and Around Saratoga Springs

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Compare Saratoga Springs, UT Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$105,169$8,764$2,454$3,155
      Renters$68,523$5,710$1,599$2,056
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Saratoga Springs, UT, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Saratoga Springs, homeowners have a median income of $105,169. Using that number, a maximum of $2,454 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $68,523, which means there is a maximum of $1,599 to be spent on the costs of renting a home or apartment.

      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 Saratoga Springs 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 Saratoga Springs 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 Saratoga Springs 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 Saratoga Springs National avg. Difference
      Home Price $365,400.00$184,700.0097.8%
      Avg. Mortgage Payment $2,790.73$2,346.6918.9%
      Apartment Rent $1,603.00$949.0068.9%

      Transportation

      Item Saratoga Springs National avg. Difference
      Gasoline $3.58$3.463.4%
      Tire Balancing $69.63$59.9216.2%

      Utilities

      Item Saratoga Springs 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.
      Copperton, UT8391076.6%
      Provo, UT116,88611212.4%
      Orem, UT97,88311413.7%
      Cedar Fort, UT21211615.7%
      Pleasant Grove, UT38,47411818.4%
      Saratoga Springs, UT31,27312726.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Falls Church, VA31,26215555.3%
      Rochester, NH31,30511312.9%
      Grimsby, ON31,320n/a 
      Sherwood, AR31,225964.3%
      Naugatuck, CT31,2011088.4%
      Saratoga Springs, UT31,27312726.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.