Key Economic Benchmarks
Median Household Income
$73,639$6,137 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Millard County, UT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Millard County, UT
Official FY2026 HUD Fair Market Rents for Millard County, UT. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $821 | $9,852 | $32,840 | 13.4% |
| 1-Bedroom Apartment | $857 | $10,284 | $34,280 | 14% |
| 2-Bedroom ApartmentBenchmark | $1,124 | $13,488 | $44,960 | 18.3% |
| 3-Bedroom Home | $1,550 | $18,600 | $62,000 | 25.3% |
| 4-Bedroom Home | $1,555 | $18,660 | $62,200 | 25.3% |
50/30/20 Living Budget in Millard County, UT
Based on the local median household income of $73,639/year ($6,137/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Utah
Explore net income after federal income tax, FICA, and Utah state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Utah with official federal datasets:
Frequently Asked Questions About Living in Millard County, UT
What is the median household income in Millard County, UT?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Millard County, UT is $73,639 per year (approximately $6,137 per month).
What is the average rent in Millard County, UT?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Millard County, UT are $821 for a studio, $857 for 1 bedroom, $1,124 for 2 bedrooms, $1,550 for 3 bedrooms, and $1,555 for 4 bedrooms.
How does the cost of living in Millard County, UT compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Millard County, UT is 98.9 (1.1% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Millard County, UT?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,124/month) in Millard County, UT requires a minimum gross household income of $44,960 per year ($3,747 per month).
What is a balanced 50/30/20 monthly budget in Millard County, UT?
For a typical household earning the median income of $73,639/year ($6,137/month) in Millard County, UT, a balanced 50/30/20 budget allocates $3,068/month to essential needs (rent, utilities, groceries), $1,841/month to discretionary spending, and $1,227/month to savings and debt repayment.
What are typical electricity and utility costs in Millard County, UT?
Residential electricity rates in Utah average 13.4¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $120 per month.