Cost of Living in Ephraim, UT

With a cost of living index of 94, Ephraim, UT is slightly more affordable than average. Living here is 6% cheaper than the national average and 13% below the Utah state average of 108. Ephraim is a smaller community of 5,805 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Ephraim's cost of living. The median monthly rent is $911 (31% below the US median of $1,319), and the median home value sits at $405,600 (33% above the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Ephraim is $71,661, which is 5% lower than the national median of $75,149. Residents spend roughly 15% 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.