Housing costs in Salt Lake?
A typical home costs
$540,700, which is 59.9% more expensive than the national average of
$338,100 and 5.9% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 14.7% more than the state average of
$1,280.
Can I afford Salt Lake?
To live comfortably in Salt Lake U County, Utah, a minimum annual income of
$103,680 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Salt Lake?
The cost of living in Salt Lake, UT County is significantly higher than the US average. According to recent statistics, the cost of living in Salt Lake is 121.3, while the US average is 100. This means that the cost of living in Salt Lake can be nearly 22% more expensive than other areas in the country. Housing is also notably more expensive in Salt Lake; its median house value sits at $540,700 compared to the US average of $338,100. As a result, living and purchasing a home in Salt Lake can be considerably more costly than most other places in the US.