Utah ranked as the most affordable state in the nation, according to a new study shared by Gov. Spencer Cox. However, another report ranked Utah as the third le
Utah ranked as the most affordable state in the nation, according to a new study shared by Gov. Spencer Cox. However, another report ranked Utah as theWhen asked about the discrepancy between reports, Dean said, "One report is really looking at new home buyers. If they were going to be buying a home, what are they going to face? And it's very, very unaffordable for new home buyers.
The USA Today report also looked at other costs, like income spent on necessities, and healthcare, ultimately ranking it as the most affordable state to live.Here's how many affordable housing units Utah will get with latest round of fundingSmith acknowledges the complexity, stating, "If prices are up everywhere and they're not coming back down, where's the solace in the fact that you're the least most It's an expensive place currently.
Living on a fixed income through school, Smith admits planning for a future can be daunting, but he remains hopeful. "It seems like my wife and I, millennials, you're stuck in this forever. It's the first cycle of trying to own a home but can't because it's like the carrot in front of the horse. It's always moving," he said.
Dean helps create the economic report for the state, emphasizing that lawmakers are working to address affordability concerns. He added that until Utah catches up with the housing demand, they only expect prices on that front to increase.
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