Payson, UT

Average · 107

Utah · Population 22,205 · Updated March 2026

$1,393
Median Rent / Month
$84,286
Median Income
$388,200
Median Home Value
$1,424
Owner Costs / Month

Affordability

How far your income goes in Payson

19.8%
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

$16,716
Annual Rent
$3,919
State Income Tax
$2,252
Property Tax (est.)

Cost of Living Overview

Payson is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 107 (where 100 equals the national median), Payson residents can expect to pay median rent of $1,393/month while earning a median household income of $84,286/year.

The median home value in Payson, UT is $388,200, with typical monthly owner costs around $1,424 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.8% 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 Payson.

Frequently Asked Questions

Common questions about living costs in Payson

What is the cost of living in Payson, UT?
The cost of living index in Payson, UT is 107 (US average = 100). Median monthly rent is $1,393, median household income is $84,286/year, and the median home value is $388,200.
Is Payson, UT affordable?
No, Payson is more expensive than the national average with a cost index of 107. The rent-to-income ratio is 19.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Payson, UT?
The median gross rent in Payson, UT is $1,393 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,716.
What is the median household income in Payson?
The median household income in Payson, UT is $84,286 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%.