Cost of living in Highland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Highland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Utah, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Highland is 134, with 100 being the average.
The cost of living index in Highland is 1.3x higher than the national average.
Highland ranks as the #87 cheapest in Utah out of 91.
Highland ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Highland is $644,400.
The median income in Highland is $156,136.
According to the most recent data on the cost of living, Highland has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Utah, Highland has a cost of living index that's 1.3x higher than Utah's index of 102.
The standard of living in Highland ranks as #87 most affordable out of the 91 places we measured in Utah. By definition, that implies Highland ranks as the #4 most expensive place in the Beehive State.
For more reading on life in Highland, check out:
Six factors go into calculating the cost of living index in Highland. Here is how it fairs on each of the criteria:
The Services index in Highland is 101.
The Groceries index in Highland is 98.
The Health index in Highland is 92.
The Housing index in Highland is 229.
The Transportation index in Highland is 103.
The Utilities index in Highland is 85.
Living Expense | Highland | Utah | National Average | |
---|---|---|---|---|
Overall | 134 | 102 | 100 | |
Services | 101 | 101 | 100 | |
Groceries | 98 | 99 | 100 | |
Health | 92 | 90 | 100 | |
Housing | 229 | 109 | 100 | |
Transportation | 103 | 105 | 100 | |
Utilities | 85 | 93 | 100 |
Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Highland is $644,400.
The Median Rent in Highland is $2,104.
The Median Income in Highland is $156,136.
The Home Value To Income in Highland is 4.1x.
The Rent To Monthly Income in Highland is 0.16x.
Statistic | Highland | Utah | United States |
---|---|---|---|
Median Home Value | $644,400 | $339,700 | $244,900 |
Median Rent | $2,104 | $1,171 | $1,163 |
Median Income | $156,136 | $79,133 | $69,021 |
Home Value To Income | 4.1x | 4.3x | 3.5x |
Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Highland. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 0.9x Highland.
Frisco, TX has a cost of living index of 120, 0.9x Highland.
Carrollton, TX has a cost of living index of 105, 0.8x Highland.
City | Population | Cost Of Living | Vs. Highland |
---|---|---|---|
Plano, TX | 282,181 | 114 | 0.9x |
Frisco, TX | 193,140 | 120 | 0.9x |
Carrollton, TX | 131,388 | 105 | 0.8x |
Lewisville, TX | 110,077 | 100 | 0.7x |
Flower Mound, TX | 75,050 | 117 | 0.9x |
Bedford, TX | 49,576 | 97 | 0.7x |
Keller, TX | 45,190 | 117 | 0.9x |
Coppell, TX | 42,420 | 121 | 0.9x |
Southlake, TX | 30,754 | 150 | 1.1x |
Colleyville, TX | 25,827 | 136 | 1.0x |