Cost of Living in Loa, UT

With a cost of living index of 92, Loa, UT is slightly more affordable than average. Living here is 8% cheaper than the national average and 15% below the Utah state average of 108. Loa is a small community of 597 residents.

Housing costs are the biggest factor in Loa's cost of living. The median monthly rent is $1,080 (18% below the US median of $1,319), and the median home value sits at $316,700 (4% above the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Loa is $66,838, which is 11% lower than the national median of $75,149. Residents spend roughly 19% 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.