B-
14%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
47%
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 Springville Utah National
Cost of living114104100
Goods & Services102102100
Groceries9899100
Health care9691100
Housing147114100
Transportation107105100
Utilities9195100

An Overview of Cost of Living in Springville, UT

Knowing the cost of living in Springville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Springville stands at 114, marking it 14% higher than the national average.

Housing costs are a very significant part of the Springville cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 46.6% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Springville Affordable?

Is Springville 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 Springville, the median home price is 57.5% higher than what most folks pay across the country, and monthly rent prices are 21.3% higher than the usual rates. Income levels in Springville come in at $72,356, which is 30.8% higher than the national average.

What Factors can Influence the Cost of Living in Springville?

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.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Springville, the housing index comes in at 46.6% higher than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Springville, healthcare costs are 3.9% lower than the national average.

Where is the Data From?

The Springville 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.

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Cost Of Living Quick Facts

  • The cost of living in Springville is 9% higher than the Utah average
  • The cost of living in Springville is 14% higher than the national average
  • Springville housing is 47% 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 Springville

See all the best places to live around Springville

Compare Springville, 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$81,566$6,797$1,903$2,447
      Renters$47,405$3,950$1,106$1,422
      To approximate the cost of living and the housing affordability in Springville, UT, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Springville have a median income of $81,566. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,903 per month to avoid calamity and poverty. The renters in the city have an income of about $47,405, which would make their monthly maximum allowable rental costs $1,106.

      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 Springville 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 Springville 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 Springville 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 Springville National avg. Difference
      Home Price $290,900.00$184,700.0057.5%
      Avg. Mortgage Payment $2,790.73$2,346.6918.9%
      Apartment Rent $1,151.00$949.0021.3%

      Transportation

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

      Utilities

      Item Springville 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.
      Goshen, UT9291044.2%
      Payson, UT20,1811098.9%
      Santaquin, UT12,27611111.3%
      Provo, UT116,88611212.4%
      Orem, UT97,88311413.7%
      Springville, UT33,25111413.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Prairieville, LA33,2281087.9%
      Northbrook, IL33,21615555.2%
      Hinesville, GA33,304936.9%
      Lexington, MA33,304213112.7%
      Holland, MI33,329937.1%
      Springville, UT33,25111413.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.