salaryRent is lower than in 84% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 3.6 years of household income. Most homes (80%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $42,720 a year. That is $21 an hour at a full-time job.
Is rent cheaper than other Utah cities?
Yes. Rent here is cheaper than in most of Utah. It is number 5 of 97 cities from cheapest to most expensive.
How much do households earn in Nephi?
Share of households by yearly income. 36.4% of households earn $100,000 or more.
Rent by apartment size in Nephi
| Size | Nephi | U.S. average |
|---|---|---|
| 1 bedroom | $811 | $1,324 |
| 2 bedrooms | $632 | $1,509 |
| 3 bedrooms | $1,193 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Nephi overall?
Everyday prices in Utah overall are 1% below the U.S. average (index 98.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Nephi, so the Utah figure is shown.
Taxes and bills in Nephi
Life in Nephi
Is it cheaper to rent or buy in Nephi?
Renting is cheaper right now: about $1,818 a month less.
Owning assumes a typical $416,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,600 for the down payment.
Frequently asked questions
What is the average rent in Nephi, UT?
Renting in Nephi costs a median of about $1,068 a month in 2026, including utilities. The Utah median is $1,832.
How much do I need to make to live in Nephi?
To keep rent under 30% of income, you need about $42,720 a year, or $21 an hour at a full-time job.
Is Nephi cheap or expensive?
Nephi is rated Cheap: rent takes 11.2% of the typical household income of $114,437. It ranks 5th cheapest of 97 Utah cities we track.
How much are property taxes in Nephi?
The median homeowner in Nephi pays $1,955 a year in property taxes, about 0.47% of the median home value.
Is Nephi more expensive than the national average?
Overall prices in Utah are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Nephi?
The median home value in Nephi is $416,000, about 3.6 times the typical yearly household income.
6,885 people live in Nephi. Numbers are typical (middle) values.