Cost of Living in Springville, UT
Housing
The housing market plays a significant role in determining the cost of living in Springville, UT.
- Housing Index: 108.8 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $1617 per month
- Average Rent (2 BR House): $1758 per month
Based on the provided data, Springville, UT has a median home price of 350000, suggesting a relatively moderate entry point for potential homeowners, compared to more volatile markets. However, the housing index indicates an unstable market, with no current average rents for 2-bedroom apartments or houses, marking potential challenges for renters. This could imply availability issues or other market fluctuations. Overall, while buying a home might be viable, it would be wise to keep an eye on rental trends and stability before making significant commitments 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 Springville, 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 Springville, 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 Springville is a financially viable option for your relocation.