Housing costs in Laketown?
A typical home costs
$374,400, which is 10.7% more expensive than the national average of
$338,100 and 26.7% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Laketown costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 5.8% cheaper than the state average of
$1,280.
Can I afford Laketown?
To live comfortably in Laketown, Utah, a minimum annual income of
$71,640 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Laketown?
Living in Laketown, UT is surprisingly affordable. The median home price is around $170,000 and the median rent is just under $1,000 a month, making it one of the most cost-effective places to live in Utah. With the low housing costs comes a low cost of living overall; groceries, entertainment, and even dining out are all reasonably priced here. The unemployment rate is also lower than the national average, helping to contribute to the affordable lifestyle enjoyed by many in Laketown.