Cost of Living in Richfield, UT

Population 8,173 · Utah · Data vintage 2023

82
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Richfield sits on the smaller end of the Utah city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.6% — below most comparable cities in the state.

Geographically, Richfield lies roughly 105 miles south of the nearest major metro, Provo. Median home values run roughly 34% lower than Provo's $437,000.

Cost Overview

Housing 94
Rent 65

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

About the Cost of Living in Richfield

The median home value in Richfield is $287,500 — 6% below the national median of $305,000. Median rent runs $850/month, 35% lower than the national median of $1,314/month. The median household income of $77,847/year is 4% higher than the US median of $74,580. The local unemployment rate is 1.6%, 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, Richfield has a cost of living index of 82 versus the US average of 100, meaning it is 18% less expensive.

🏠 Housing

Median Home Value
$287,500
6% below avg
Zillow Home Value
$322,914
Zillow ZHVI
Median Rent
$850/mo
35% below avg
Price-to-Rent Ratio
28.2x
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 68.1%
Renter-occupied 31.9%

💰 Estimated Monthly Budget

Rent median rent
$850
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,464/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
13.5 min
50% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.9%

Commute Mode

Drove alone
73.7%
Carpooled
12.0%
Public transit
0.3%
Walked
3.3%
Bicycle
0.2%
Work from home
9.9%

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
$77,847
4% above avg
Per Capita Income
$28,690
Unemployment Rate
1.6%
66% below avg
Poverty Rate
13.1%
Labor Force Participation
59.1%

🎓 Education

Bachelor's degree+ 15.8%
Graduate degree 8.3%

👥 Demographics

Median Age 32.4
Male median age 31.7
Female median age 32.9

🌤 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

85%
4-Year Graduation Rate
21.6:1
Student-teacher ratio
14
Public schools
4,833
Total enrollment

Frequently Asked Questions

What is the cost of living in Richfield, UT?

Richfield has a cost index of 82 (100 = national average). It is 18% below the national average.

What is average rent in Richfield, UT?

The median gross rent in Richfield is $850 per month based on 2023 Census data.

What is the average home price in Richfield?

The median home value in Richfield is $287,500 according to Zillow and Census data.

What is the median income in Richfield?

The median household income in Richfield is $77,847 per year (2023 ACS 5-year estimates).

What is the sales tax in Richfield, UT?

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

Is Richfield, UT affordable?

Yes, Richfield is generally considered affordable, with a cost of living index of 82 — about 18% below the US national average of 100.

What is the weather like in Richfield?

Richfield 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.

Richfield at a Glance

Population
8,173
Median Income
$77,847
Home Value
$287,500
Median Rent
$850/mo
Unemployment
1.6%
Avg High Temp
66.6°F
Sales Tax
5.9%
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