Income needed to buy a home
Millard County, UT
$110,506
a year in household income to buy the typical Millard County home with 10% down.
The monthly math
Typical home value$342,589
Down payment (10%)$34,259
Loan$308,330
Principal and interest (7.40%)$2,135/mo
Property tax (0.5% a year)$144/mo
Homeowners insurance (estimate)$171/mo
Mortgage insurance$128/mo
Total monthly cost$2,578/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $73,639 a year, 67% of what it takes.
In Utah
Millard County ranks #6 of 28 for the income a home takes, from least to most.
Easiest to afford in Utah
| County | Typical home | Income needed |
|---|---|---|
| Garfield County | $270,293 | $84,888 |
| Carbon County | $281,335 | $91,913 |
| Emery County | $298,652 | $97,581 |
| Beaver County | $323,353 | $102,696 |
| Sevier County | $338,220 | $108,927 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.