Cottonwood Heights, UT

Very High · 150

Utah · Population 32,984 · Updated March 2026

$1,697
Median Rent / Month
$116,583
Median Income
$641,900
Median Home Value
$1,733
Owner Costs / Month

Affordability

How far your income goes in Cottonwood Heights

17.5%
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

$20,364
Annual Rent
$5,421
State Income Tax
$3,723
Property Tax (est.)

Cost of Living Overview

Cottonwood Heights has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 150 (where 100 equals the national median), Cottonwood Heights residents can expect to pay median rent of $1,697/month while earning a median household income of $116,583/year.

The median home value in Cottonwood Heights, UT is $641,900, with typical monthly owner costs around $1,733 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.5% 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 Cottonwood Heights.

Frequently Asked Questions

Common questions about living costs in Cottonwood Heights

What is the cost of living in Cottonwood Heights, UT?
The cost of living index in Cottonwood Heights, UT is 150 (US average = 100). Median monthly rent is $1,697, median household income is $116,583/year, and the median home value is $641,900.
Is Cottonwood Heights, UT affordable?
No, Cottonwood Heights is more expensive than the national average with a cost index of 150. The rent-to-income ratio is 17.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cottonwood Heights, UT?
The median gross rent in Cottonwood Heights, UT is $1,697 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,364.
What is the median household income in Cottonwood Heights?
The median household income in Cottonwood Heights, UT is $116,583 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%.