The cost of living index in Magna, UT, stands at 94, slightly below the nationwide average of 100. This slight decrease suggests that, on average, residents can expect to pay a bit less for their living expenses compared to the national average.
Housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses in Magna all come in just under the national average, making it a relatively affordable place to live. Residents may find that their housing costs are 10% lower, groceries 5% cheaper, utilities 2% lower, transportation 5% cheaper, healthcare 3% cheaper, and miscellaneous expenses 8% cheaper than the average American home.
Magna, Utah, features a cost of living index that aligns closely with the nationwide average, providing insights that are valuable for those considering relocation. Among the various cost factors, housing stands at 90, which means it costs 10% less than the national average. This makes housing in Magna a more affordable option for job seekers, allowing more disposable income for other necessities.
Other key expenses, such as groceries and utilities, are also slightly below the national average. Groceries have a cost index of 95, which is 5% cheaper, and utilities are at 98, indicating just a 2% increase. Together, these factors contribute to an overall cost of living that is favorable for those moving to Magna. Transportation and healthcare costs also remain competitive, with indexes of 95 and 97, respectively, closely mirroring the national average.
