Herriman, UT

Very High · 150

Utah · Population 57,336 · Updated March 2026

$1,870
Median Rent / Month
$118,446
Median Income
$554,900
Median Home Value
$2,037
Owner Costs / Month

Affordability

How far your income goes in Herriman

18.9%
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

$22,440
Annual Rent
$5,508
State Income Tax
$3,218
Property Tax (est.)

Cost of Living Overview

Herriman 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), Herriman residents can expect to pay median rent of $1,870/month while earning a median household income of $118,446/year.

The median home value in Herriman, UT is $554,900, with typical monthly owner costs around $2,037 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.9% 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 Herriman.

Frequently Asked Questions

Common questions about living costs in Herriman

What is the cost of living in Herriman, UT?
The cost of living index in Herriman, UT is 150 (US average = 100). Median monthly rent is $1,870, median household income is $118,446/year, and the median home value is $554,900.
Is Herriman, UT affordable?
No, Herriman is more expensive than the national average with a cost index of 150. The rent-to-income ratio is 18.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Herriman, UT?
The median gross rent in Herriman, UT is $1,870 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,440.
What is the median household income in Herriman?
The median household income in Herriman, UT is $118,446 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%.