Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New York and Utah. Updated for 2026.
Metric
New York
Utah
Median Home Price
$430K
$480K
Property Tax Rate
1.72%
0.58%
Avg Closing Costs
$12K
$6K
Closing Cost %
2.8%
1.3%
Transfer Tax
0.8%
None
Homeowners Insurance
$2,100/yr
$1,200/yr
First-Time Buyer Program
SONYMA Achieving the Dream
Up to $15,000 DPAL
UHC FirstHome Loan
Up to 6% DPA second
Verdict
Utah wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. However, New York has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.