Description: Discover your dream active adult community in the stunning St. George area of Utah with 55places.com. Browse homes, amenities, and more!
The cost of living in the Salt Lake City Area is slightly higher than the national average, although residents sometimes pay less in utilities and transportation costs, ensuring that active adults on a fixed income have the opportunity to fully enjoy all that Salt Lake City has to offer. Median home costs are generally higher than the national average, while still remaining relatively affordable, especially compared with the most expensive places to live in the United States.
State income tax in Utah is currently a flat 4.85%, according to Kiplinger , and the state typically taxes property owners $520 per $100,000 of home value, one of the lowest rates in the country. Although Utah does tax social security benefits, the state does not collect an estate tax or inheritance tax. There are also property tax breaks for active adults with income below a certain level.
Home prices in the Beehive State typically range from the mid $300s to the high $800s, although there may be some properties outside this range. The median home price in Utah is currently in the low $500s, down marginally from previous years. There are dozens of attractive 55+ communities to choose from in the Salt Lake City area, most of which are outside of Salt Lake City proper, ensuring that active adult residents can enjoy the serenity of mountain living while staying close to the myriad entertainment