Executive Financial Report: Richfield (84701)
Evaluating relocation options in Sevier? The financial benchmark for residing in Richfield, UT (84701) indicates that a single worker needs roughly $2,953 monthly ($35,435.953 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $519 per month—just 18% of baseline expenses—Richfield offers exceptionally competitive housing costs compared to wider metropolitan averages across Utah.
Local earnings in Richfield (84701) demonstrate strong purchasing power. The area median family income of $62,783 significantly exceeds the annual baseline living threshold ($35,435.953) by a ratio of 1.77x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 16% ($466/month) of baseline monthly spending in zip code 84701. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $247 monthly for single adults.
In summary, living in Richfield, UT requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 84701 against other US destinations.