Cost of Living in Magna metro township, UT
Population 30,031 · Census ACS 2020–2024 5-year estimates
The median rent in Magna metro township, UT is $1,625/month, 9% higher than the Utah median and 15% higher than the U.S. median. The median home value is $376,200, 13% higher than the national median. Households earn a median of $90,346 a year, 5% lower than the state median.
Affordability
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Magna metro township vs. Utah vs. U.S.
| Magna metro township | Utah | U.S. | |
|---|---|---|---|
| Median rent | $1,625 | $1,496 | $1,413 |
| Median home value | $376,200 | $489,400 | $332,700 |
| Median household income | $90,346 | $95,166 | $80,734 |
| Homeownership rate | 78.9% | 70.2% | 65.2% |
| Bachelor's degree or higher | 13.0% | 37.7% | 35.7% |
| Poverty rate | 10.8% | 8.5% | 12.5% |
| Unemployment rate | 4.5% | 3.6% | 5.2% |
| Work from home | 10.4% | 17.6% | 15.1% |
| Median age | 33.4 | 32.0 | 38.9 |
FAQ
What is the average rent in Magna metro township, UT?
The median gross rent in Magna metro township, UT is $1,625 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Magna metro township, UT?
Using the common 30% rule, renting a median-priced home takes about $65,000 a year in gross income.
Is Magna metro township, UT expensive to live in?
Rent there is 15% higher than the U.S. median, and the median home costs about 4.2 times the median household income.
Other cities in Utah
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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