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Park City, Utah's cost of living is 58% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area. PayScale's Cost of Living Calculator can help you find out more about how your individual needs will factor in when beginning your research to figure out how much it would cost you to relocate. Calculate Cost of LivingMoving From Moving To Annual Salary  Thinking of relocating to Park City? Enter your current city to compare cost of living.Cost of Living in Park City, Utah by Expense CategoryHousing, Utilities & Transportation Park City's housing expenses are 197% higher than the national average and the utility prices are 9% lower than the national average. Transportation expenses like bus fares and gas prices are 12% higher than the national average. Median Home Price $1,184,249 Median Rent $3,618 / month Energy Bill $154.58 / month Phone Bill $170.10 / month Gas $4.89 / gallon Food & Grocery Park City has grocery prices that are 1% higher than the national average. Loaf of Bread $3.51 Gallon of Milk $2.25 Carton of Eggs $1.59 Bunch of Bananas $3.40 Hamburger $4.81 Healthcare Healthcare in Park City is 2% lower than the national average. Doctor's Visit $115.21 Dentist Visit $98.51 Optometrist Visit $106.70 Rx Drug $458.45 Veterinary Visit $55.79 Cost of Living in Park City, UT is -2.9% Lower than the National Average Did the Cost of Living in Park City, UT increase in 2022? Park City, UT area prices were up 2.3% from a year ago. The largest increases were found in Transportation, Food, and Housing. By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! About Park City, Utah Park City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of ....More The federal minimum wage is $7.25 per hour while Utah's state law sets the minimum wage rate at $7.25 per hour in 2022. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. View future changes in the minimum wage in your location by visiting Minimum Wage Values in Park City, UT Cost of Living CalculatorCost of Living in other Major Cities
Cost of Living Park City, UT by Expense Category
Cost of Living Comparison with Park City, UTIf you move to Park City from one of these cities, you would have these the changes of your cost of living.
Based on this cost of living comparison, you can see: If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully! If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income. About Park City, UTPark City is a city in Summit County, Utah, United States. It is considered to be part of the Wasatch Back. The city is 32 miles (51 km) southeast of downtown Salt Lake City and 20 miles (32 km) from Salt Lake City's east edge of Sugar House along Interstate 80. The population was 7,558 at the 2010 census. On average, the tourist population greatly exceeds the number of permanent residents. After a population decline following the shutdown of the area's mining industry, the city rebounded during the 1980s and 1990s through an expansion of its tourism business. The city currently brings in a ye... Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia Comments about the Cost of Living in Park City, UTBuying a home and the cost of livingIf you want to buy a home in the beautiful state of Utah, you will find that it is one of the highest residential home markets in the country. Purchasing a home can be a lengthy and complex process. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. If you own a home in your former location the sale of that home needs to be completed as well. Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your cost of living. The advantages of living in Utah are many, but the high cost of buying a home is not one of them. ( 2022-09-26 salary.com ) Tax-friendly states could translate to a lower cost of living for some.Although Utah has taxes in the major tax categories: Income, sales, and corporate, overall it is a tax-friendly state. The highest individual tax rate is 4.95%. The basic state sales tax rate is at 4.7% with some additional local taxes bringing the effective rate to 5.9-8.7% depending on the location within the state. Utah has been implementing tax reforms in recent years that are designed to reduce the overall tax burden on residents, increasing the potential for a lower cost of living. ( 2022-09-26 salary.com ) Rent vs Buy: Renting could be the better choice for a lower cost of livingThe largest contributor to any cost of living estimate is housing. Understanding the housing market and costs for a location can be complex. Renting can give you a chance to try out a location before making the major commitment of buying a home. In Utah, renting a home can actually be more economical than buying. Renting generally has fewer up-front costs and maintenance is generally included, eliminating that responsibility and expense and could potentially leave you with more disposable income and a lower cost of living. ( 2022-09-26 salary.com ) Healthcare access and affordability and your cost of livingUtah is ranked number 32 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state. Affordability is generally measured by the rates set for insurance coverage in a state, as well as the out-of-pocket expenses that need to be paid by you when receiving the care. If rates or out-of-pocket expenses are high, your cost of living will increase. Access to healthcare is how easy or difficult it may be to receive the care. Access is measured by identifying barriers that might prevent the delivery of care such as the inability to obtain insurance coverage, having to travel long distances to health care centers and lack of sufficient facilities and/or healthcare professionals. The timeliness of care, how fast you can get to see a healthcare provider, is another important measure. ( 2022-09-26 salary.com ) Cost of Living Frequently Asked QuestionsWhat is a Cost of Living index and how is it used?In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2022-09-26 salary.com ) What factors are included in estimating your cost of living?The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2022-09-26 salary.com ) The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2022-09-26 salary.com ) Last Update: 2022-09-26 Is it expensive to live in Park City Utah?Park City's housing expenses are 197% higher than the national average and the utility prices are 9% lower than the national average.
Is Park City Utah a good place to live?Park City is in Summit County and is one of the best places to live in Utah. Living in Park City offers residents an urban suburban mix feel and most residents own their homes. In Park City there are a lot of bars, restaurants, and coffee shops.
Is it expensive to live in Utah?Utah ranks 34th in the U.S. News & World Report's Affordability Rankings which means it's one of the most expensive states in the country to live in. The rankings measure the average cost of living against the average amount of money most households in that state have.
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Park city utah cost of living
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