Cost of Living in Hinckley, UT

With a cost of living index of 76, Hinckley, UT is a very affordable place to live. Living here is 24% cheaper than the national average and 31% below the Utah state average of 108. Hinckley is a small community of 832 residents.

Housing costs are the biggest factor in Hinckley's cost of living. The median monthly rent is $950 (28% below the US median of $1,319), and the median home value sits at $167,800 (45% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Hinckley is $80,500, which is 7% higher than the national median of $75,149. Residents spend roughly 14% 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.