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Draper is one of Utah's most desirable addresses, but what does it actually cost to live there? This guide breaks down every major expense category with real 2026 numbers, so you can decide if Draper fits your budget.
Housing: The Biggest Line Item
Draper's median home price is $640,000 (Ondo city median as of Aug 2026), significantly above the Salt Lake County median of $510,000. Suncrest and South Mountain push well past $800K. Draper Peaks and townhome communities offer an entry point around $420K–$550K.
Renting: The Ondo city median rent is $1,900/mo across all rental types. A 3-bedroom single-family home typically costs more than the median, and demand is high, so confirm current asking rents before you budget.
Buying: Your monthly payment depends on your down payment, rate, loan program and credit, and rates change often. Property taxes and insurance add roughly $500–$700/mo on top. Run your own numbers with the mortgage payment calculator; it is an estimate for illustration, not a quote.
Property Taxes
Utah's property tax rate is relatively low nationally, approximately 0.5–0.6% of assessed value for residential properties. On a $640,000 Draper home: roughly $3,200–$3,840/year, or $267–$320/month. This is well below California, Oregon, and many Midwest states.
Utilities
Average monthly utility costs in Draper (electric, gas, water, trash):
- Summer: $180–$220/mo (moderate A/C use, minimal heat)
- Winter: $280–$380/mo (natural gas heating, high elevation means colder winters)
- Internet: $60–$80/mo for 1Gbps fiber
Draper is served by Rocky Mountain Power and Enbridge Gas Utah (formerly Questar Gas). Many newer builds are electric-only and pair well with solar (Utah has 300+ sunny days/year).
Groceries & Dining
Draper has excellent retail access. Costco, Harmons, Trader Joe's, and Whole Foods are all within 10 minutes. Weekly groceries for a household of 4: $200–$280. Dining out: casual restaurant meals run $15–$25/person; nicer spots along 12300 South average $40–$60/person before drinks.
Commute Costs
Most Draper residents drive. Key routes:
- Silicon Slopes (Lehi): 12–20 min on I-15
- Downtown SLC: 25–35 min (40–50 min in rush hour)
- South Jordan/Riverton: 10–15 min
Gas in Utah typically runs $0.20–$0.30/gallon below the national average. Monthly fuel costs for a 25-mile daily commute: $120–$180. The TRAX Blue Line has a Draper station and runs to downtown SLC without a transfer. Check UTA for current trip times.
Childcare & Education
Draper is in Canyons School District; Corner Canyon High School is the local high school. Private preschool and daycare run $1,200–$2,000/mo for full-time care.
Draper vs. Salt Lake City: Quick Comparison
Draper costs approximately 15–25% more than SLC proper for equivalent housing, with newer infrastructure and a shorter Silicon Slopes commute. Check official school and public-safety sources for a specific address rather than city-wide headlines.
Bottom Line
A comfortable household budget in Draper requires $8,000–$12,000/month all-in, with housing being the dominant expense. For renters, $5,000–$7,000/month covers housing, utilities, food, and transportation. Silicon Slopes compensation bands often stretch further here than in comparable California or PNW cities.
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What to do next
Questions about your own property or plan? Ondo RE can walk through it with you.
Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. Licensing and disclosures


