Cost of Living in Santaquin, UT
Housing
The housing market plays a significant role in determining the cost of living in Santaquin, UT.
- Housing Index: 108.8 / 100
- Median Home Price is: $446,000
- Average Rent (2 BR Apartment): $1495 per month
- Average Rent (2 BR House): $1625 per month
In Santaquin, UT, the housing index is currently at 108.8, revealing potentially low investment opportunities or an uneven market. The median home price stands at 446000, indicating that homes may be accessible compared to more expensive areas. However, keep in mind that these values suggest either lack of availability of rental options or outdated data. Typically, regions with a median home price like this may offer a variety of housing choices. Before making decisions, consider local economic conditions and future growth prospects to ensure suitable investments in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Santaquin, UT.
- Electricity Price: $11.5 USD (median by state)
- Natural Gas Price: $14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Santaquin, UT could entail higher utility costs. Electricity costs sit at $11.5, while natural gas is priced at $14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Santaquin is a financially viable option for your relocation.