Cost of Living in Oakley, UT

With a cost of living index of 159, Oakley, UT is one of the most expensive cities in the United States. Living here is 59% more expensive than the national average and 51% above the Utah state average of 108. Oakley is a small community of 1,812 residents.

Housing costs are the biggest factor in Oakley's cost of living. The median monthly rent is $2,425 (84% above the US median of $1,319), and the median home value sits at $631,200 (107% above the national median of $304,900). At current prices, the median home costs roughly 6.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Oakley is $102,143, which is 36% higher than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they do not fully offset the higher cost of living.

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.