Quick facts: Santaquin, UT

Quick Facts

105.9
Cost of Living
above US average
16,898
Population
4.08
Crime Rate per 1000
below US average
$91,301
Median Income
above US average
$525,000
Median House Price
above US average
$2015.0
Average Rent
above US average
6%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $91,301.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $91,301
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Income Needed to Rent

βœ“ Affordable
$86k/year
Based on $2015.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($91,301) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Santaquin, UT

Santaquin is a small city located in Utah County, Utah, nestled at the base of the scenic Wasatch Range. It has a population of around 14,000 residents and serves as a charming community with a blend of rural and suburban characteristics. The city is known for its stunning views of nearby mountains and access to a variety of outdoor activities, including hiking, biking, and camping. Santaquin boasts a rich agricultural heritage, with apple orchards and farms contributing to the local economy. The city operates several parks and recreational facilities, promoting an active lifestyle among its residents. Conveniently situated along Interstate 15, Santaquin offers easy access to larger cities like Provo and Salt Lake City, making it an appealing choice for commuters. The community values family-friendly living, with schools and local events fostering a strong sense of community. Overall, Santaquin provides a peaceful atmosphere, outdoor recreation, and a close-knit community feel, making it an attractive destination for those seeking a balance between rural charm and urban convenience.

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