Cost of Living in Koosharem, UT

With a cost of living index of 75, Koosharem, UT is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 33% below the Utah state average of 108. Koosharem is a small community of 294 residents.

Housing costs are the biggest factor in Koosharem's cost of living. The median monthly rent is $671 (49% below the US median of $1,319), and the median home value sits at $254,200 (17% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Koosharem is $60,938, which is 19% lower than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.