FILE - Rows of homes, are shown in suburban Salt Lake City, on April 13, 2019. Utah is one of two Western states known for rugged landscapes and wide-open spaces that are bucking the trend of sluggish U.S. population growth. The boom there and in Idaho are accompanied by healthy economic expansion, but also concern about strain on infrastructure and soaring housing prices. (AP Photo/Rick Bowmer, File)
April 24, 2025 /Featured News, Local News

Utah Ranks Tenth for High Housing Costs as Share of Income

(Salt Lake City, UT) — A WalletHub study reveals that Utah ranks tenth in the nation for the highest housing costs as a percentage of median monthly household income. On average, Utah homeowners spend over 30-percent of their income on mortgage and utility payments, totaling just over 24-hundred-dollars a month. While home energy costs are lower, Utah’s housing costs are above the national average. Researchers note that long-term homeowners are less impacted by current high housing prices, unlike new buyers and renters.

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