Cost of Living in Nephi, UT

Population 6,700 · Utah · Data vintage 2023

105
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Nephi a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $380,000. An unemployment rate of 1.8% points to a labor market well on the tight side of the national distribution.

Located 40 miles south of Provo, Nephi falls within that metro's commuting orbit. Median home values run roughly 13% lower than Provo's $437,000.

Cost Overview

Housing 125
Rent 77

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Nephi

The median home value in Nephi is $379,800 — 25% above the national median of $305,000. Median rent runs $1,010/month, 23% lower than the national median of $1,314/month. The median household income of $97,348/year is 31% higher than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Utah's top state income tax rate is 4.5% and the combined sales tax is 5.9%. The climate averages highs of 66.6°F and lows of 34.6°F, with about 25.3" of annual snowfall. Overall, Nephi has a cost of living index of 105 versus the US average of 100, meaning it is 5% more expensive.

🏠 Housing

Median Home Value
$379,800
25% above avg
Zillow Home Value
$109,234
Zillow ZHVI
Median Rent
$1,010/mo
23% below avg
Price-to-Rent Ratio
31.3x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$737
1 BR
$870
2 BR
$1,036
3 BR
$1,418
4 BR
$1,699
Owner-occupied 75.1%
Renter-occupied 24.9%

💰 Estimated Monthly Budget

Rent median rent
$1,010
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,624/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
21.2 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.3%

Commute Mode

Drove alone
81.7%
Carpooled
11.1%
Bicycle
1.0%
Work from home
6.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 5.9%
State rate 4.8%
Avg local rate 1.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$97,348
31% above avg
Per Capita Income
$34,229
Unemployment Rate
1.8%
63% below avg
Poverty Rate
6.1%
Labor Force Participation
71.9%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 6.0%

👥 Demographics

Median Age 31.8
Male median age 32.3
Female median age 30.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
66.6°F
Avg Low
34.6°F
Annual Precip
8"
Annual Snowfall
25.3"
10° 33° 55° 78° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394758657687959382685139
Low °F 162127334149575646332315
Precip" 0.630.640.800.940.920.480.350.540.710.910.500.59
Snow" 5.55.33.92.20.00.00.00.00.00.83.24.4

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
23.6:1
Student-teacher ratio
5
Public schools
2,687
Total enrollment

Frequently Asked Questions

What is the cost of living in Nephi, UT?

Nephi has a cost index of 105 (100 = national average). It is 5% above the national average.

What is average rent in Nephi, UT?

The median gross rent in Nephi is $1,010 per month based on 2023 Census data.

What is the average home price in Nephi?

The median home value in Nephi is $379,800 according to Zillow and Census data.

What is the median income in Nephi?

The median household income in Nephi is $97,348 per year (2023 ACS 5-year estimates).

What is the sales tax in Nephi, UT?

The combined state and local sales tax rate in Nephi is 5.9%. The Utah state income tax top rate is 4.5%.

Is Nephi, UT affordable?

Nephi is near the national average in terms of cost of living, with an index of 105 (100 = US average).

What is the weather like in Nephi?

Nephi has average high temperatures of 66.6°F and average lows of 34.6°F. Annual precipitation is 8". Average annual snowfall is 25.3". Data from NOAA 1991–2020 Climate Normals.

Nephi at a Glance

Population
6,700
Median Income
$97,348
Home Value
$379,800
Median Rent
$1,010/mo
Unemployment
1.8%
Avg High Temp
66.6°F
Sales Tax
5.9%
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