Cost of living in Midvale 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 Midvale 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 Midvale is 104, with 100 being the average.
The cost of living index in Midvale is 1.0x higher than the national average.
Midvale ranks as the #45 cheapest in Utah out of 91.
Midvale ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Midvale is $301,600.
The median income in Midvale is $65,897.
According to the most recent data on the cost of living, Midvale has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Utah, Midvale has a cost of living index that's 1.0x higher than Utah's index of 102.
The standard of living in Midvale ranks as #45 most affordable out of the 91 places we measured in Utah. By definition, that implies Midvale ranks as the #46 most expensive place in the Beehive State.
For more reading on life in Midvale, check out:
Six factors go into calculating the cost of living index in Midvale. Here is how it fairs on each of the criteria:
The Services index in Midvale is 102.
The Groceries index in Midvale is 100.
The Health index in Midvale is 101.
The Housing index in Midvale is 106.
The Transportation index in Midvale is 113.
The Utilities index in Midvale is 91.
Living Expense | Midvale | Utah | National Average | |
---|---|---|---|---|
Overall | 104 | 102 | 100 | |
Services | 102 | 101 | 100 | |
Groceries | 100 | 99 | 100 | |
Health | 101 | 90 | 100 | |
Housing | 106 | 109 | 100 | |
Transportation | 113 | 105 | 100 | |
Utilities | 91 | 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 Midvale is $301,600.
The Median Rent in Midvale is $1,246.
The Median Income in Midvale is $65,897.
The Home Value To Income in Midvale is 4.6x.
The Rent To Monthly Income in Midvale is 0.23x.
Statistic | Midvale | Utah | United States |
---|---|---|---|
Median Home Value | $301,600 | $339,700 | $244,900 |
Median Rent | $1,246 | $1,171 | $1,163 |
Median Income | $65,897 | $79,133 | $69,021 |
Home Value To Income | 4.6x | 4.3x | 3.5x |
Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Midvale. Here's a quick look at the cost of living in the most populous nearby places:
West Jordan, UT has a cost of living index of 107, 1.0x Midvale.
Sandy, UT has a cost of living index of 113, 1.1x Midvale.
South Jordan, UT has a cost of living index of 124, 1.2x Midvale.
City | Population | Cost Of Living | Vs. Midvale |
---|---|---|---|
West Jordan, UT | 116,045 | 107 | 1.0x |
Sandy, UT | 96,272 | 113 | 1.1x |
South Jordan, UT | 75,617 | 124 | 1.2x |
Lehi, UT | 73,911 | 112 | 1.1x |
Taylorsville, UT | 60,295 | 103 | 1.0x |
Murray, UT | 50,183 | 106 | 1.0x |
Draper, UT | 49,978 | 127 | 1.2x |
Riverton, UT | 44,773 | 115 | 1.1x |
Cottonwood Heights, UT | 33,597 | 120 | 1.2x |
Holladay, UT | 31,738 | 122 | 1.2x |