Affordable

What Salary Do You Need to Live in Price?

To afford a 2-bedroom in Price, you need to earn at least $38,560/year based on estimated fair market rent data. The median household income here is $47,724, which means the typical resident is $9,164 above the threshold.

Census ACS Data Pop. 8,174

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$675	$2,250	$27,000	$-20,724
1 Bedroom	$800	$2,667	$32,000	$-15,724
2 Bedroom BENCHMARK	$964	$3,213	$38,560	$-9,164
3 Bedroom	$1,176	$3,920	$47,040	$-684
4 Bedroom	$1,446	$4,820	$57,840	+$10,116

Affordability Breakdown

Where the required salary line crosses above Price's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$47,724

Annual household

2BR Required Salary

$38,560

Under 30% rule

Income Gap

+$9,164

Surplus

Verdict

Affordable

Ratio: 24.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Price

Your Annual Salary

Pre-filled with Price's median household income

Max monthly rent you can afford$1,193

Studio

$675/mo

1 BR

$800/mo

2 BR

$964/mo

3 BR

$1,176/mo

4 BR

$1,446/mo

Your salary is $0 above the median income in Price.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Price's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Price

Living in Price is well within reach for most median-income earners. With a $9,164 cushion between what residents earn and what a 2-bedroom requires, households in Price typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Price, a studio at $675/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,176/month remains accessible for dual-income households earning above $47,040.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $57,840 would position you well — though many residents in Price manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Price, Utah.

With a total population of 8,174, the city supports an active civilian workforce of 3,434 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $38,560 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

3,434

Active civilian employees in Price

Frequently Asked Questions About Renting in Price

What salary do I need to live in Price, Utah?

To afford a 2-bedroom in Price under the 30% rule, you need an annual salary of at least $38,560. The median household income in Price is $47,724.

Can I afford a 2-bedroom in Price on $47,724?

The affordability verdict for Price is "Affordable". The rent-to-income ratio is 24.2%, meaning median earners have a $9,164 surplus.

What is the average rent in Price compared to median income?

The median gross rent in Price is $800/month. With a median household income of $47,724, residents spend approximately 24.2% of their income on rent.

What salary do I need for a studio in Price?

A studio in Price rents for approximately $675/month. Under the 30% rule, you need an annual salary of $27,000 to afford this.

Is Price considered an affordable place to live?

Based on the surplus of $9,164 and an affordability verdict of "Affordable", Price is considered a affordable rental market when comparing the required 2-bedroom salary of $38,560 to the local median household income.

How Price Compares

Other cities in Utah with salary requirements