Draper, UT

Very High · 167

Utah · Population 50,159 · Updated March 2026

$1,812
Median Rent / Month
$130,680
Median Income
$726,000
Median Home Value
$1,997
Owner Costs / Month

Affordability

How far your income goes in Draper

16.6%
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

$21,744
Annual Rent
$6,077
State Income Tax
$4,211
Property Tax (est.)

Cost of Living Overview

Draper has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 167 (where 100 equals the national median), Draper residents can expect to pay median rent of $1,812/month while earning a median household income of $130,680/year.

The median home value in Draper, UT is $726,000, with typical monthly owner costs around $1,997 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.6% 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 Draper.

Frequently Asked Questions

Common questions about living costs in Draper

What is the cost of living in Draper, UT?
The cost of living index in Draper, UT is 167 (US average = 100). Median monthly rent is $1,812, median household income is $130,680/year, and the median home value is $726,000.
Is Draper, UT affordable?
No, Draper is more expensive than the national average with a cost index of 167. The rent-to-income ratio is 16.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Draper, UT?
The median gross rent in Draper, UT is $1,812 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,744.
What is the median household income in Draper?
The median household income in Draper, UT is $130,680 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%.