Utah variant. This is a Utah-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
How much house you can afford in Utah hinges on the $87,649 median income, 0.55% property tax, and current rates. The 28/36 rule turns income into a realistic price ceiling.
Affordability math for Utah
Lenders typically cap housing costs at 28% of gross income. On Utah's $87,649 median income, that's about $2,045/month for principal, interest, taxes, and insurance.
After reserving for 0.55% property tax and insurance, the remaining payment supports a home priced near $404,455 with 20% down - compared with the $510,000 state median.
About taxes and housing in Utah
Utah imposes a flat individual income tax rate of roughly 4.55%.
Utah has a low effective property tax rate near 0.55%, but rapidly rising demand has pushed median home values above $500,000.
Utah's economy is among the fastest growing in the country, with strengths in technology, finance, and outdoor recreation.
Worked example: max price on $87,649
28% of $87,649 ÷ 12 ≈ $2,045/month. At 6.5% for 30 years with 20% down, that supports roughly $404,455 in home price before taxes and insurance reduce it further.
Quick reference
- State income tax: Flat 4.55% (down from 4.65%)
- State sales tax: 6.1% (plus 1.16% avg local)
- Median home value: $510,000
- Median household income: $87,649
- Effective property tax rate: 0.55%
- Avg auto insurance: $1,340/yr
Frequently Asked Questions
How much house can I afford in Utah?
On the $87,649 median income, the 28% rule supports roughly $404,455 in home price at current sample rates - adjust for your real income and debts above.
What is the 28/36 rule?
Spend no more than 28% of gross income on housing and 36% on total debt. It's the standard lender affordability guideline.