Cost of Living in Panguitch, UT

With a cost of living index of 78, Panguitch, UT is a very affordable place to live. Living here is 22% cheaper than the national average and 29% below the Utah state average of 108. Panguitch is a small community of 1,871 residents.

Housing costs are the biggest factor in Panguitch's cost of living. The median monthly rent is $799 (39% below the US median of $1,319), and the median home value sits at $249,300 (18% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Panguitch is $75,283, which is 0% higher 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.

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.