The cost of living index in Magna, UT, stands at 93, which is 3% below the nationwide average of 100. This indicates that residents of Magna generally experience a lower cost of living compared to the national average. Specifically, housing costs are 15% lower, while groceries and utilities are only slightly below the average, at 5% each. Healthcare costs are slightly higher, at 3% above the national average, but miscellaneous expenses remain close to the average, at 2% below.
The cost of living index in Magna, UT, shows a mix of affordability and higher expenses compared to the nationwide average. Housing costs in Magna are notably lower, with an index of 85. This means housing expenses are 15% less than the national average. For job seekers, this could be a significant advantage, offering more financial flexibility in other areas.
Other expenses in Magna also compare favorably to the national average. Groceries, utilities, and transportation have indices of 95, 95, and 90, respectively. These figures indicate that costs in these areas are only slightly above the national average, ranging from 5% to 10% higher. Healthcare costs are slightly higher, with an index of 97, indicating a 3% increase. Miscellaneous expenses, with an index of 92, are 8% above the national average. Overall, Magna presents a balanced cost of living with some areas offering savings and others requiring a bit more budget.
