American Fork, UT

Above Avg · 128

Utah · Population 35,312 · Updated March 2026

$1,665
Median Rent / Month
$95,823
Median Income
$467,900
Median Home Value
$1,647
Owner Costs / Month

Affordability

How far your income goes in American Fork

20.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Utah

State-level tax rates that affect your costs

4.65%
Income Tax (Top Rate)
6.1%
Sales Tax
0.58%
Property Tax Rate

Estimated Annual Costs

$19,980
Annual Rent
$4,456
State Income Tax
$2,714
Property Tax (est.)

Cost of Living Overview

American Fork has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 128 (where 100 equals the national median), American Fork residents can expect to pay median rent of $1,665/month while earning a median household income of $95,823/year.

The median home value in American Fork, UT is $467,900, with typical monthly owner costs around $1,647 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Utah has a moderate income tax rate of 4.65%. Combined with a 6.1% sales tax rate and 0.58% effective property tax rate, the overall tax environment is a factor in the total cost of living in American Fork.

Frequently Asked Questions

Common questions about living costs in American Fork

What is the cost of living in American Fork, UT?
The cost of living index in American Fork, UT is 128 (US average = 100). Median monthly rent is $1,665, median household income is $95,823/year, and the median home value is $467,900.
Is American Fork, UT affordable?
No, American Fork is more expensive than the national average with a cost index of 128. The rent-to-income ratio is 20.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in American Fork, UT?
The median gross rent in American Fork, UT is $1,665 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,980.
What is the median household income in American Fork?
The median household income in American Fork, UT is $95,823 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Utah?
Utah has a top income tax rate of 4.65%, a sales tax of 6.1%, and an effective property tax rate of 0.58%.