Bountiful, UT

Above Avg · 123

Utah · Population 45,093 · Updated March 2026

$1,467
Median Rent / Month
$103,723
Median Income
$488,900
Median Home Value
$1,550
Owner Costs / Month

Affordability

How far your income goes in Bountiful

17.0%
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

$17,604
Annual Rent
$4,823
State Income Tax
$2,836
Property Tax (est.)

Cost of Living Overview

Bountiful has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 123 (where 100 equals the national median), Bountiful residents can expect to pay median rent of $1,467/month while earning a median household income of $103,723/year.

The median home value in Bountiful, UT is $488,900, with typical monthly owner costs around $1,550 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.0% 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 Bountiful.

Frequently Asked Questions

Common questions about living costs in Bountiful

What is the cost of living in Bountiful, UT?
The cost of living index in Bountiful, UT is 123 (US average = 100). Median monthly rent is $1,467, median household income is $103,723/year, and the median home value is $488,900.
Is Bountiful, UT affordable?
No, Bountiful is more expensive than the national average with a cost index of 123. The rent-to-income ratio is 17.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bountiful, UT?
The median gross rent in Bountiful, UT is $1,467 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,604.
What is the median household income in Bountiful?
The median household income in Bountiful, UT is $103,723 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%.