Ephraim, UT vs Monticello, UT

Ephraim, UT and Monticello, UT have a very similar cost of living, with only a 3.7% difference in their overall index. Ephraim scores 94 while Monticello scores 91 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ephraim is $911/month compared to $1,065/month in Monticello — a 15% difference. Interestingly, home values tell a different story: while Ephraim has cheaper rent, Monticello actually has lower median home values ($307,900 vs $405,600).

Median household income in Ephraim is $71,661 compared to $63,750 in Monticello (+12.4%). While Ephraim is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ephraim spend roughly 15.3% of their income on rent, less than the 20% in Monticello.