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Cost of Living in Spanish Fork, UT

Population 44,946 · Census ACS 2020–2024 5-year estimates

Median rent$1,489
Median home value$481,500
Median household income$104,844

The median rent in Spanish Fork, UT is $1,489/month, about the same as the Utah median and 5% higher than the U.S. median. The median home value is $481,500, 45% higher than the national median. Households earn a median of $104,844 a year, 10% higher than the state median.

Affordability

Rent as a share of median income: 17.0%
Income needed for median rent (30% rule): $59,560/yr
Home price-to-income ratio: 4.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,435/mo

Run your own numbers: mortgage calculator · hourly to salary

Spanish Fork vs. Utah vs. U.S.

Spanish ForkUtahU.S.
Median rent$1,489$1,496$1,413
Median home value$481,500$489,400$332,700
Median household income$104,844$95,166$80,734
Homeownership rate80.4%70.2%65.2%
Bachelor's degree or higher39.3%37.7%35.7%
Poverty rate6.6%8.5%12.5%
Unemployment rate2.3%3.6%5.2%
Work from home15.0%17.6%15.1%
Median age28.332.038.9

FAQ

What is the average rent in Spanish Fork, UT?

The median gross rent in Spanish Fork, UT is $1,489 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Spanish Fork, UT?

Using the common 30% rule, renting a median-priced home takes about $59,560 a year in gross income.

Is Spanish Fork, UT expensive to live in?

Rent there is 5% higher than the U.S. median, and the median home costs about 4.6 times the median household income.

Other cities in Utah

Salt Lake City, UTRent $1,414 · Income $75,090West Valley City, UTRent $1,504 · Income $92,209West Jordan, UTRent $1,757 · Income $108,153Provo, UTRent $1,193 · Income $64,171St. George, UTRent $1,545 · Income $76,508Orem, UTRent $1,438 · Income $83,342

Cities with a similar cost of living

Tinley Park, ILRent $1,495 · Income $105,189Anchorage, AKRent $1,489 · Income $103,284Overland Park, KSRent $1,515 · Income $104,834Saratoga Springs, NYRent $1,470 · Income $105,944Brownsburg, INRent $1,486 · Income $102,235Pleasant Prairie, WIRent $1,458 · Income $103,902

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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