Cost of Living in Genola, UT

With a cost of living index of 118, Genola, UT is a notably expensive place to live. Living here is 18% more expensive than the national average and 10% above the Utah state average of 108. Genola is a small community of 1,766 residents.

Housing costs are the biggest factor in Genola's cost of living. The median monthly rent is $1,159 (12% below the US median of $1,319), and the median home value sits at $601,000 (97% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Genola is $137,661, which is 83% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Provo-Orem-Lehi, UT (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.