C+
16%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
45%
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 Midvale Utah National
Cost of living116104100
Goods & Services106102100
Groceries10099100
Health care9691100
Housing145114100
Transportation110105100
Utilities9495100

An Overview of Cost of Living in Midvale, UT

Understanding the cost of living in Midvale 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 Midvale cost of living index is 116, which is 16% 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 significantly influence the Midvale cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 44.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Midvale Affordable?

Wondering if Midvale is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Midvale, for example, the median home price is 54.4% higher than what folks pay nationally, and monthly rent is 22.2% higher than the usual rates. Plus, income levels matter too, with Midvale boasting a median household income of $62,354, which is 12.7% higher than the national average.

What Factors can Influence the Cost of Living in Midvale?

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Midvale, the housing index is 44.8% higher than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Midvale, the baseline sales tax rate begins at 6.1%, and income tax rates start at 4.85%.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Where is the Data From?

The Midvale 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 Midvale is 11% higher than the Utah average
  • The cost of living in Midvale is 16% higher than the national average
  • Midvale housing is 45% 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

Most Affordable Places to Live in and Around Midvale

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Compare Midvale, 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$77,245$6,437$1,802$2,318
      Renters$52,389$4,366$1,222$1,572
      The affordability of the housing market in Midvale, UT as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Midvale homeowners, the median income is $77,245. This indicates that a monthly maximum of $1,802 should be spent by homeowners on all housing related costs. Renters have a median income of $52,389. This indicates that renters would have a maximum of $1,222 for their rent related monthly costs.

      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 Midvale National avg. Difference
      Haircut $20.87$24.2614.0%
      Beauty Salon $50.33$45.5610.5%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.18$1.288.1%
      Movie $9.94$12.1318.1%
      Bowling $19.80$18.0010.0%

      Groceries

      Item Midvale National avg. Difference
      Ground Beef $5.76$5.841.3%
      Fried Chicken $1.51$1.574.2%
      Milk $4.65$4.670.4%
      Potatoes $4.60$4.936.7%
      Pizza $11.69$12.093.3%
      Beer $10.59$10.411.7%

      Health Care

      Item Midvale National avg. Difference
      Optometrist $125.19$125.680.4%
      Doctor $117.14$135.7813.7%
      Dentist $85.13$113.2924.9%
      Ibuprofen $10.89$10.652.3%
      Lipitor $528.57$468.6012.8%

      Housing

      Item Midvale National avg. Difference
      Home Price $285,200.00$184,700.0054.4%
      Avg. Mortgage Payment $3,117.82$2,346.6932.9%
      Apartment Rent $1,160.00$949.0022.2%

      Transportation

      Item Midvale National avg. Difference
      Gasoline $3.75$3.468.3%
      Tire Balancing $57.07$59.924.8%

      Utilities

      Item Midvale National avg. Difference
      All Electricity $198.43$193.992.3%
      Phone $192.11$192.250.1%
      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%
      Magna, UT27,0291098.8%
      South Salt Lake, UT25,1251109.6%
      Kearns, UT36,45711110.7%
      West Valley City, UT135,61011110.9%
      Midvale, UT33,70811615.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Valparaiso, IN33,7071033.0%
      Beverly Hills, CA33,709330229.7%
      University Place, WA33,66113636.2%
      Pointe-Claire, QC33,658n/a 
      Franklin Town, MA33,64413939.2%
      Midvale, UT33,70811615.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.