| Index | Woods Cross | Utah | National |
| Cost of living | 115 | 105 | 100 |
| Groceries | 100 | 101 | 100 |
| Health care | 102 | 101 | 100 |
| Housing | 150 | 113 | 100 |
| Transportation | 99 | 101 | 100 |
| Utilities | 99 | 101 | 100 |
| Lifestyle & Entertainment | 100 | 102 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 103 | 105 | 100 |
Understanding the cost of living in Woods Cross 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 Woods Cross cost of living index is 115, which is 15% 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 major factor in the Woods Cross cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 49.8% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Woods Cross 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 Woods Cross, the median home price is 60.5% higher than what most folks pay across the country, and monthly rent prices are 24.7% higher than the usual rates. Income levels in Woods Cross come in at $126,785, which is 55.9% 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 areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Woods Cross, the utilities index registers 1.4% lower than the national average.
The cost of living data for Woods Cross shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $141,605 | $11,800 | $3,304 | $4,249 |
| Renters | $98,440 | $8,203 | $2,297 | $2,953 |
| 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. |
| Magna, UT | 27,938 | 109 | 9.4% |
| West Valley City, UT | 140,970 | 110 | 10.3% |
| South Salt Lake, UT | 25,758 | 110 | 10.4% |
| Taylorsville, UT | 61,503 | 111 | 11.5% |
| Layton, UT | 79,018 | 114 | 14.4% |
| Woods Cross, UT | 11,717 | 115 | 15.3% |
| City | Population | Cost of Living Index | National Avg. |
| Stratford, PE | 11,716 | n/a | |
| Summerfield, NC | 11,715 | 123 | 23.3% |
| Manvel, TX | 11,715 | 107 | 7.4% |
| Milford, DE | 11,721 | 102 | 2.1% |
| Martinsville, NJ | 11,722 | 164 | 63.7% |
| Woods Cross, UT | 11,717 | 115 | 15.3% |
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