Cost of Living in Draper, UT
Population: 50,159 • 2026 Data
$130,680
Median Household Income
+69% vs national
$1,812
Median Monthly Rent
+34% vs national
$726,000
Median Home Value
+114% vs national
2.0%
Unemployment Rate
Housing in Draper
The median home value in Draper, UT is $726,000. Monthly rent for a typical unit averages $1,812, while total monthly housing costs (including utilities and insurance) average $1,997.
Rent-to-income ratio: 16.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Draper, UT is $130,680. The unemployment rate stands at 2.0%, with a labor force of 24,613 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.