It’s 6:30 pm on a Tuesday, and Jasmine is hunched over her kitchen table, sorting through a stack of bills and receipts. Her phone sits beside a printed budget spreadsheet, a handful of delivery menus, and scribbled spending notes. As a single renter in Herriman working remotely, Jasmine knows that staying on top of her monthly expenses is crucial. In Herriman, housing and electricity often make up more than 55% of a household’s budget.
Depending on your lifestyle, your monthly budget in Herriman can look very different. Here are some typical examples of how expenses break down for residents:
What Real Budgets Look Like in Herriman
To give you a realistic sense of monthly costs, let’s look at the spending breakdowns for three common Herriman household types1:
| Expense | Jasmine (Single renter, $3,000/mo) | Sam & Elena (Dual-income renters, $7,000/mo) | The Ortiz Family (Homeowners, $9,500/mo) |
|---|---|---|---|
| Rent/Mortgage | $1,300 | $2,100 | $2,850 |
| Utilities | $180 | $280 | $450 |
| Food | $400 | $800 | $1,200 |
| Transportation | $150 | $500 | $800 |
| HOA/Fees | $0 | $200 | $350 |
| Miscellaneous | $470 | $1,120 | $1,850 |
| Savings | $500 | $2,000 | $2,000 |
| Total | $3,000 | $7,000 | $9,500 |
1 These estimates reflect common lifestyle costs in Herriman. All income figures are gross monthly income (pre-tax).
As you can see, housing tends to be the biggest line item, followed by savings for those who can afford to set money aside. Miscellaneous expenses, including things like entertainment, clothing, and personal care, also take up a notable chunk of most budgets.
Biggest Cost Drivers
While every household’s spending is different, a few common factors tend to have an outsized impact on monthly budgets in Herriman:
- Seasonal utilities: In Herriman, the cost of electricity can rise substantially in summer due to heavy A/C use. Expect to budget more for utilities in July and August.
- HOA fees: Many of the city’s newer developments come with monthly HOA fees, which can add $200-500+/month in housing costs.
- Commute costs: Herriman is largely a commuter town, so transportation costs can add up quickly if you drive to work. Budget extra for gas and car maintenance if you commute to Salt Lake City.
- Rising rent: Like much of Utah, Herriman has seen notable rent increases in recent years. Renters should anticipate their housing costs may rise 5% or more per year.
The good news is that with some planning, there are ways to keep these costs in check and stretch your budget further.
Tips to Stretch Your Budget Further
Herriman residents have a few local tricks for saving on monthly expenses:
- Shop at discount grocery stores like WinCo or Costco to keep your grocery costs down.
- Sign up for public transit passes through UTA to save on gas and parking if you commute.
- Take advantage of off-peak utility billing from Rocky Mountain Power to lower your summer electricity costs.
- Consider living in an older building or townhome community to reduce your rent and HOA fees.
🏆 Tip: Check for utility rebates and incentives in Herriman to offset cooling costs during the hot summer months. Rocky Mountain Power offers A/C tune-up rebates and energy-efficient appliance credits.
FAQs About Monthly Budgets in Herriman
Can you live in Herriman on $3,000/month?
Yes, $3,000/month is a workable budget for a single person in Herriman, as long as you keep your housing and car costs low. Expect to pay $1,000-$1,500/month for a studio or 1BR rental.
What’s a realistic rent budget for Herriman?
Herriman rents vary based on location and amenities, but plan on $1,300-$1,800 for a decent 1-2BR apartment. Newer luxury complexes can cost over $2,000/month.
What’s a good budget for $4,000/month in Herriman?
On $4,000/month, you can comfortably afford a $1,500 rent payment, which opens up most of the city’s 2BR apartments. Budget $800 for food, $500 for transportation, $300 for utilities, and $900 for miscellaneous expenses and savings.
Planning Your Next Step
Whether you’re considering a move to Herriman or are a current resident taking a harder look at your expenses, use the sample budgets above as a starting point for planning.
The key is to understand your own needs and spending habits, and give every dollar a job. With the right budget in place, you can make the most of all Herriman has to offer while keeping your financial goals on track.