In Utah, the median home costs $575K and the median household income is $97K/year. Find out how much house you can afford based on your income, debts, and down payment. Formula shown, sources cited — no account required.
At $575,000 median home price against a median household income of $96,658, Utah's price-to-income ratio is nearly 6x — a demanding threshold even for above-average earners. A 10% down payment requires $57,500 in cash before closing, plus roughly 1.3% in closing costs, another $7,500. The low property tax rate of 0.63% helps on the monthly payment side, keeping that line item to about $302 on a median home. But the sheer size of the loan — $517,500 after a 10% down payment — means the principal and interest payment at 6.51% runs approximately $3,270 per month. That total, combined with property taxes and insurance, typically requires household income above $110,000 to stay within standard lender guidelines. The Utah Housing FirstHome Loan and UHC Score Loan programs can help qualifying first-time buyers access better terms. Run a home affordability calculator to see the income required to comfortably carry Utah's median home price at current interest rates.
How Much House Can You Afford in Utah?
Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With Utah's median income of $96,658/year ($8,055/month), that means a maximum housing payment of roughly $2,255/month.
At 6.51% over 30 years with a 10% down payment ($57,500), that monthly budget supports a purchase price of approximately $546,250–$575,000. The median home price in Utah is $575,000, which means housing is near the national average.