Cost Of Living in Hyde Park, UT

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	Hyde Park	Utah	National
Cost of living	111	104	100
Goods & Services	101	102	100
Groceries	101	99	100
Health care	88	91	100
Housing	138	114	100
Transportation	100	105	100
Utilities	95	95	100

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Cost Of Living Quick Facts

The cost of living in Hyde Park is 6% higher than the Utah average
The cost of living in Hyde Park is 11% higher than the national average
Hyde Park housing is 38% higher than the national average
Utah general sales tax is 20% higher than the national average
Utah state income tax is 87% higher than the national average

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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	$81,827	$6,819	$1,909	$2,455
Renters	$0	$0	$0	$0

A good indicator of the general affordability of housing in Hyde Park, UT, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Hyde Park, the median monthly income is $81,827 for those who own their own homes. Under the standard rule, that income level would allow for $1,909 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $0, per the median income in the area. That would allow for renters to spend up to $0 on monthly rental expenses.

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	Hyde Park	National avg.	Difference
Haircut	$21.35	$24.26	12.0%
Beauty Salon	$52.17	$45.56	14.5%
Toothpaste	$3.64	$3.70	1.7%
Shampoo	$1.17	$1.28	8.6%
Movie	$11.20	$12.13	7.7%
Bowling	$16.97	$18.00	5.7%

Groceries

Item	Hyde Park	National avg.	Difference
Ground Beef	$6.18	$5.84	5.9%
Fried Chicken	$1.42	$1.57	10.0%
Milk	$4.68	$4.67	0.2%
Potatoes	$4.61	$4.93	6.7%
Pizza	$11.99	$12.09	0.8%
Beer	$11.03	$10.41	5.9%

Health Care

Item	Hyde Park	National avg.	Difference
Optometrist	$113.53	$125.68	9.7%
Doctor	$125.51	$135.78	7.6%
Dentist	$77.37	$113.29	31.7%
Ibuprofen	$10.71	$10.65	0.5%
Lipitor	$532.80	$468.60	13.7%

Housing

Item	Hyde Park	National avg.	Difference
Home Price	$293,900.00	$184,700.00	59.1%
Avg. Mortgage Payment	$2,471.79	$2,346.69	5.3%
Apartment Rent	$829.00	$949.00	12.6%

Transportation

Item	Hyde Park	National avg.	Difference
Gasoline	$3.51	$3.46	1.4%
Tire Balancing	$58.77	$59.92	1.9%

Utilities

Item	Hyde Park	National avg.	Difference
All Electricity	$176.12	$193.99	9.2%
Phone	$192.69	$192.25	0.2%

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.
Cache, UT	120	99	0.8%
Franklin, ID	706	95	5.2%
Cornish, UT	211	98	2.3%
Trenton, UT	556	99	0.6%
Clarkston, UT	691	101	1.0%
Hyde Park, UT	4,703	111	10.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Baxley, GA	4,703	83	17.2%
Mountain Grove, MO	4,703	76	24.0%
North Braddock, PA	4,703	81	19.5%
Black Diamond, WA	4,703	148	48.2%
Vandercook Lake, MI	4,702	85	15.3%
Hyde Park, UT	4,703	111	10.7%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Hyde Park, UT