Cost of Living in Henefer, UT

With a cost of living index of 97, Henefer, UT is slightly more affordable than average. Living here is 3% cheaper than the national average and 11% below the Utah state average of 108. Henefer is a small community of 855 residents.

Housing costs are the biggest factor in Henefer's cost of living. The median monthly rent is $854 (35% below the US median of $1,319), and the median home value sits at $458,500 (50% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Henefer is $106,667, which is 42% 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.

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.