🎯 Savings Goal Calculators Utah

Utah Savings Goal Calculator

Plan your savings goals in Utah. Cost of living index 101.3, median income $79,449. See how long to save for your goal with interest.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Utah Quick Facts

4.7% Income Tax Rate

0.63% Property Tax Rate

$79,449 Median Income

101.3 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Savings goal projection for Utah with cost-of-living context. Uses compound interest formula with monthly contributions. Utah's cost of living index of 101.3 (100 = national average) means savings goals may need to be higher than national benchmarks. The COL-adjusted figure shows what your goal would be at the national average cost of living.

Key State Information

Utah savings context: Median income $79,449/yr | Cost of living 101.3 (above average) | Recommended 6-month emergency fund: $39,725 | State tax rate up to 4.65%.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Bureau of Labor Statistics, Census Bureau

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much should I save in Utah?

Financial experts recommend a 6-month emergency fund. In Utah (cost of living index 101.3), that's approximately $39,725 based on median income. Beyond that, aim to save 15-20% of gross income for retirement and other goals.

How long does it take to save $10,000 in Utah?

At Utah's median household income of $79,449, saving 15% ($993/mo) at 4.5% APY, you'd reach $10,000 in about 10 months. Higher contributions or returns shorten this timeline.