Cost of Living in Ballard, UT

With a cost of living index of 91, Ballard, UT is slightly more affordable than average. Living here is 9% cheaper than the national average and 17% below the Utah state average of 108. Ballard is a small community of 1,648 residents.

Housing costs are the biggest factor in Ballard's cost of living. The median monthly rent is $1,233 (7% below the US median of $1,319), and the median home value sits at $241,100 (21% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Ballard is $81,250, which is 8% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.