Cost of Living in Honeyville, UT

With a cost of living index of 101, Honeyville, UT is right around the national average in cost. Living here is 1% more expensive than the national average and 7% below the Utah state average of 108. Honeyville is a small community of 1,383 residents.

Housing costs are the biggest factor in Honeyville's cost of living. The median monthly rent is $1,036 (21% below the US median of $1,319), and the median home value sits at $435,500 (43% above the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Honeyville is $80,347, which is 7% higher 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.