Cost of Living in Woodland, UT

With a cost of living index of 121, Woodland, UT is a notably expensive place to live. Living here is 21% more expensive than the national average and 14% above the Utah state average of 108. Woodland is a small community of 505 residents.

Housing costs are the biggest factor in Woodland's cost of living. The median monthly rent is $1,119 (15% below the US median of $1,319), and the median home value sits at $658,300 (116% above the national median of $304,900). At current prices, the median home costs roughly 8.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Woodland is $80,556, which is 7% higher than the national median of $75,149. Residents spend roughly 17% 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.