Hyrum, UT vs Payson, UT

Hyrum is moderately more affordable than Payson, with a 13.6% lower cost of living index. Hyrum scores 93 compared to 108 for Payson, where the US average is 100. This difference means residents of Payson can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hyrum is $980/month compared to $1,393/month in Payson — a 30% difference. Home values follow the same pattern: Hyrum is more affordable at $371,500 median vs $388,200.

Median household income in Hyrum is $85,557 compared to $84,286 in Payson (+1.5%). Hyrum offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hyrum spend roughly 13.7% of their income on rent, less than the 19.8% in Payson.