B-
11%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
38%
Housing NAT. AVG.
Search Homes for Sale
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 Santaquin Utah National
Cost of living111104100
Goods & Services102102100
Groceries9899100
Health care9691100
Housing138114100
Transportation107105100
Utilities9195100

An Overview of Cost of Living in Santaquin, UT

Are you thinking about relocating, but curious about the potential cost of living in Santaquin? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Santaquin stands at 111, making it 11% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs make up a big chunk of the cost of living in Santaquin, 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 37.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Santaquin Affordable?

Is Santaquin 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 Santaquin, the median home price is 53.2% higher than what most folks pay across the country, and monthly rent prices are 1.6% higher than the usual rates. Income levels in Santaquin come in at $76,071, which is 37.5% higher than the national average.

What Factors can Influence the Cost of Living in Santaquin?

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Santaquin, is 37.7% higher than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Santaquin, healthcare costs are 3.9% lower than the national average.

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 Santaquin 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Santaquin Area
Search Homes for Sale in Santaquin, UT

Cost Of Living Quick Facts

  • The cost of living in Santaquin is 7% higher than the Utah average
  • The cost of living in Santaquin is 11% higher than the national average
  • Santaquin 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

Most Affordable Places to Live in and Around Santaquin

See all the best places to live around Santaquin

Compare Santaquin, UT Cost of Living

      vs
      How would you rate the cost of living in Santaquin?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Santaquin?
      Write a review to give others more information about this area.
      See all Santaquin poll results

      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$82,457$6,871$1,924$2,474
      Renters$47,518$3,960$1,109$1,426
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Santaquin, 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 Santaquin, homeowners have a median income of $82,457. Using that number, a maximum of $1,924 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $47,518, which means there is a maximum of $1,109 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 Santaquin 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 Santaquin 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 Santaquin 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 Santaquin National avg. Difference
      Home Price $283,000.00$184,700.0053.2%
      Avg. Mortgage Payment $2,790.73$2,346.6918.9%
      Apartment Rent $964.00$949.001.6%

      Transportation

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

      Utilities

      Item Santaquin 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.
      Rocky Ridge, UT1,0691043.8%
      Goshen, UT9291044.2%
      Payson, UT20,1811098.9%
      Mona, UT1,69911413.7%
      Springville, UT33,25111413.9%
      Santaquin, UT12,27611111.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Leon Valley, TX12,279964.4%
      Malibu, CA12,280334234.3%
      Waconia, MN12,28111413.9%
      Beatrice, NE12,2828811.6%
      Viera East, FL12,28411313.4%
      Santaquin, UT12,27611111.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.