Kanab, UT is a little undiscovered piece of paradise. If you’re thinking about buying a home in the beautiful state of Utah, specifically Kanab, you will find that it is one of the highest residential home markets in the country. Purchasing a home can be a lengthy and complex process. The average home costs around $302,100 *according to RealtyPro MLS*. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. If you own a home in your former location the sale of that home needs to be completed as well. Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your cost of living. Don’t let all of that scare you though, because the investment is totally worth it! Home appreciation the last 10 years has been 17.5%. Home Appreciation in Kanab is up 17.0% according to *bestplaces.net. The breath-taking views and proximity to some of the worlds’ best national parks are the reward for surviving all of that! Living in Utah definitely has its advantages!
Gas at the local gas stations in town cost around $2.40 a gallon in the winter, and that price has risen between $0.15 and $0.50 for the last few years in Kanab’s summer months due to tourism. Electric here in Kanab is incredibly affordable! Garkane’s rates are among the lowest in the nation when compared to other rural electric distribution systems. The average residential monthly power bill runs between $145 and $175. Shopping in Kanab Utah isn’t extremely diverse, but it’s not expensive either. There are 2 grocery stores in town, a couple clothing stores, hardware stores and feed stores, and even a Verizon store! When an item can’t be found in Kanab, locals either order it online, or drive the hour+ to St. George, the nearest city.
Living in Kanab is not the most affordable location in the world, but you get what you pay for here! The breath-taking views, incredible community, and adventure lifestyle are irreplaceable qualities this southern Utah destination has to offer. Kanab, UT really is a little undiscovered piece of paradise.