Cost of Living in Beaver, UT

With a cost of living index of 91, Beaver, UT is slightly more affordable than average. Living here is 9% cheaper than the national average and 16% below the Utah state average of 108. Beaver is a small community of 3,632 residents.

Housing costs are the biggest factor in Beaver's cost of living. The median monthly rent is $1,101 (17% below the US median of $1,319), and the median home value sits at $295,700 (3% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Beaver is $82,625, which is 10% higher than the national median of $75,149. Residents spend roughly 16% 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.