Housing costs in Salt Lake City?
A typical home costs
$500,800, which is 48.1% more expensive than the national average of
$338,100 and 1.9% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake City costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and 11.1% more than the state average of
$1,280.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City, Utah, a minimum annual income of
$96,120 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Salt Lake City?
Salt Lake City is the capital of Utah and one of the largest cities in the West. The cost of living here is much lower than most other major US cities; however, housing prices have been steadily increasing since 2017. Renting an apartment or house here can range from around $800 for a one-bedroom apartment up to about $1,400 for a three bedroom unit depending on location and amenities. Transportation costs are also relatively low compared with other US cities thanks in part to Utah’s lack of income tax which helps keep gasoline prices down. Healthcare and grocery costs are both on par with national averages making Salt Lake City an attractive place for those looking for an affordable place to live without sacrificing too much convenience or comfort.