Housing costs in Salt Lake City?
A typical home costs
$671,400, which is 98.6% more expensive than the national average of
$338,100 and 31.5% more 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 12.5% more than the national average of
$1,280 and 2.8% cheaper than the state average of
$1,480.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City (zip 84103), Utah, a minimum annual income of
$128,520 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Salt Lake City?
The cost of living in 84103 Salt Lake City, UT is relatively affordable compared to other cities in the US. The overall cost of living index for Salt Lake City is 102.2, which is slightly higher than the national average of 100. However, when you consider the city's median household income and the low unemployment rate, it becomes clear that living expenses are well within reach for most households in this area. Rent prices are also quite reasonable with an average one bedroom apartment renting for around $1,250 per month. Groceries, transportation and healthcare costs are all on par with national averages as well. All in all, Salt Lake City offers a high quality of life without breaking the bank.