Salary & Cost of Living in Magna, UT
Magna, UT: $57,010 median salary, cost of living index 99.5, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$57,010
$27/hr
Cost of Living
99.5
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3%
rate
Magna, UT Overview
Population
29,834
Median Salary
$57,010
Average Salary
$63,851
Avg Commute
16 min
Median Home Price
$514,000
Median Rent
$2,071/mo
Job Growth
+2.3%
Sales Tax
6.1%
Magna is located in Utah with a population of 29,834. The median household salary is $57,010 per year ($27/hour), which is $2,374 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +2.3%.
Magna Salary by Experience Level (2026)
Wage distribution in Magna, UT based on BLS percentile breakdown of the $57,010 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $35,346 | $16.99/hr | 0–2 years |
| Mid-Level (Median) | $57,010 | $27.41/hr | 3–7 years |
| Senior-Level | $80,954 | $38.92/hr | 8–15 years |
| Top 10% (90th Percentile) | $101,478 | $48.79/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Magna Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Magna, UT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$45,195
$3,766.26/month · $1,738.27/biweekly · Effective Rate: 20.7%
Gross Pay
$57,010
Federal Tax
-$4,803
State Tax
-$2,651
Local Tax
$0
FICA
-$4,361
Net Pay
$45,195
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,750.83 | $57,010.00 |
| Federal Income Tax | -$400.22 | -$4,802.70 |
| Utah State Tax (4.65%) | -$220.91 | -$2,650.97 |
| Social Security (6.2%) | -$294.55 | -$3,534.62 |
| Medicare (1.45%) | -$68.89 | -$826.65 |
| Net Take-Home Pay | $3,766.26 | $45,195.07 |
Salary Comparison: Magna vs Other Cities
See how Magna's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Magna, UT | $57,010 | 99.5 | $57,296 |
| National Average | $59,384 | 100 | $59,384 |
| St. Petersburg, FL | $57,000 | 100 | $57,000 |
| Iowa City, IA | $57,000 | 95 | $60,000 |
| Grand Rapids, MI | $57,000 | 90 | $63,333 |
| Lancaster, TX | $57,035 | 91.5 | $62,333 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Magna
Magna's cost of living index is 99.5 (national average = 100). Living in Magna is 0.5% less expensive than the national average.
Median Home Price
$514,000
Median Monthly Rent
$2,071
Annual Rent Cost
$24,852
Your Salary's Purchasing Power
Your $45,195 annual take-home pay in Magna has the purchasing power of approximately $45,422 in an average-cost US area. Your $57,010 salary stretches further here than in most US cities.
Top Industries in Magna
Magna's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $57,010.
Salary Tips for Magna Workers
- Research top industries. Magna's top industries include Technology, Healthcare, Mining. Targeting roles in these sectors can help you earn above the $57,010 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Magna, UT?
The median salary in Magna, UT is $57,010 per year, or $27 per hour. The average salary is $63,851. This is $2,374 below the national median of $59,384.
What is the cost of living in Magna, UT?
Magna's cost of living index is 99.5 (national average = 100), meaning it is 0.5% less expensive compared to the national average. The median home price is $514,000 and the median monthly rent is $2,071.
What are the best industries in Magna?
The top industries in Magna, UT include Technology, Healthcare, Mining. The city has a job growth rate of 2.3% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $57,010.
How does Magna's salary compare to other cities?
Magna's median salary of $57,010 is 4.0% below the national median of $59,384. However, when adjusted for cost of living (index: 99.5), the real purchasing power is approximately $57,296.
What is the minimum wage in Magna, UT?
The minimum wage in Magna, UT is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.