Cost of Living in Willard, UT

With a cost of living index of 116, Willard, UT is a notably expensive place to live. Living here is 16% more expensive than the national average and 8% above the Utah state average of 108. Willard is a small community of 2,008 residents.

Housing costs are the biggest factor in Willard's cost of living. The median monthly rent is $1,662 (26% above the US median of $1,319), and the median home value sits at $389,600 (28% above the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Willard is $91,875, which is 22% higher than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than 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.