States › Utah › Richfield

Is Richfield, UT expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6506% lower than U.S. average
💵 Families earn per year (2026)$80,624about $6,719/month · 7% lower than U.S. average
🔑 House price$332,500same as U.S. average

Rent is lower than in 50% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are short, about 13.3 minutes.

How much money do I need?

To rent here comfortably, you should earn about $66,000 a year. That is $32 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 29 of 97 cities from cheapest to most expensive.

Richfield
$1,650
Price
$1,417
Santa Clara
$2,183
Enoch
$1,234
South Weber
$1,558
Park City
$2,060
Plain City
$2,322

How much do households earn in Richfield?

Under $25k
15.6%
$25k–50k
20.4%
$50k–100k
39.2%
$100k–150k
19.4%
$150k+
4.3%

Share of households by yearly income. 23.8% of households earn $100,000 or more.

Rent by apartment size in Richfield

SizeRichfieldU.S. average
1 bedroom$749$1,324
2 bedrooms$1,013$1,509
3 bedrooms$1,128$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Richfield overall?

Everyday prices in Utah overall are 1% below the U.S. average (index 98.9, U.S. = 100).

Housing
108
Goods (food, clothes…)
96
Utilities
79
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Richfield, so the Utah figure is shown.

Taxes and bills in Richfield

🏛️ Property tax$1,690a year · 0.51% of home value · U.S. $3,119
⚡ Electric bill$93a month (typical) · U.S. $156

Life in Richfield

Commute to work13.3 minU.S.: 26.4 min
College degree23.1%U.S.: 35.7%
Own their home65%U.S.: 65.2%
Below poverty line12.5%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

Is it cheaper to rent or buy in Richfield?

Renting is cheaper right now: about $657 a month less.

Renting
$1,650
Owning
$2,307

Owning assumes a typical $332,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,250 for the down payment.

Frequently asked questions

What is the average rent in Richfield, UT?

Renting in Richfield costs a median of about $1,650 a month in 2026, including utilities. The Utah median is $1,832.

How much do I need to make to live in Richfield?

To keep rent under 30% of income, you need about $66,000 a year, or $32 an hour at a full-time job.

Is Richfield cheap or expensive?

Richfield is rated OK: rent takes 24.6% of the typical household income of $80,624. It ranks 29th cheapest of 97 Utah cities we track.

How much are property taxes in Richfield?

The median homeowner in Richfield pays $1,690 a year in property taxes, about 0.51% of the median home value.

Is Richfield 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 Richfield?

The median home value in Richfield is $332,500, about 4.1 times the typical yearly household income.

8,224 people live in Richfield. Numbers are typical (middle) values.