Springville, UT

Above Avg · 115

Utah · Population 35,474 · Updated March 2026

$1,472
Median Rent / Month
$88,516
Median Income
$429,200
Median Home Value
$1,464
Owner Costs / Month

Affordability

How far your income goes in Springville

20.0%
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

$17,664
Annual Rent
$4,116
State Income Tax
$2,489
Property Tax (est.)

Cost of Living Overview

Springville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Springville residents can expect to pay median rent of $1,472/month while earning a median household income of $88,516/year.

The median home value in Springville, UT is $429,200, with typical monthly owner costs around $1,464 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% 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 Springville.

Frequently Asked Questions

Common questions about living costs in Springville

What is the cost of living in Springville, UT?
The cost of living index in Springville, UT is 115 (US average = 100). Median monthly rent is $1,472, median household income is $88,516/year, and the median home value is $429,200.
Is Springville, UT affordable?
No, Springville is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Springville, UT?
The median gross rent in Springville, UT is $1,472 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,664.
What is the median household income in Springville?
The median household income in Springville, UT is $88,516 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%.