Cost of Living in Scipio, UT

With a cost of living index of 80, Scipio, UT is a very affordable place to live. Living here is 20% cheaper than the national average and 28% below the Utah state average of 108. Scipio is a small community of 435 residents.

Housing costs are the biggest factor in Scipio's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $250,000 (18% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Scipio is $82,292, which is 10% higher than the national median of $75,149. Residents spend roughly 12% 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.