The excellent universities, good economy and business opportunities and beauty of the outdoors will definitely want to convince you to move to Utah. But can you afford it? Find out:
Housing in Utah costs around 22 percent higher than the national average. Salt Lake City homes are definitely the most expensive while apartments at least 10 miles from the state capital can be worth almost $1,000.
If you’re planning to buy a home in Utah, don’t forget to use a home mortgage calculator. This tool helps you determine whether you have a budget to pay for the property, how much you’ll likely pay, and strategies to pay less for your mortgage.
Utah’s gas prices are one of the highest in the state. It’s also not cheap to buy a vehicle, as well as insure it. Fortunately, you can still get by without a vehicle due to its excellent public transport system. You can also be wise by investing in strong, functional cars that give you an excellent return.
While transport and housing are pricey in the state, food is cheap. In fact, it’s 22 percent cheaper than Denver, Colorado, which borders Utah to the east. A typical lunch in the CBD will cost you around $11.
Got children? One of the best reasons to live in Utah is the cost of education. Although it has increased dramatically over the last few years, it remains to be below the national average. In current dollars, the average published tuition fee in the state is $3,688, according to College Board.
Utah’s health care is also low, thanks to the strong competition among health plans and facilities. The state also organizes various campaigns to encourage its residents to stay fit and healthy, driving down health costs further.
While housing and transport are pricey in Utah, they are offset by the affordability of education, health care, and food. When you come to think of it, Utah still gives you a great value for money.