Cost of Living in Paragonah, UT

With a cost of living index of 89, Paragonah, UT is a very affordable place to live. Living here is 11% cheaper than the national average and 18% below the Utah state average of 108. Paragonah is a small community of 678 residents.

Housing costs are the biggest factor in Paragonah's cost of living. The median monthly rent is $1,089 (17% below the US median of $1,319), and the median home value sits at $279,200 (8% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Paragonah is $70,057, which is 7% 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.