Housing costs in Salt Lake City?
A typical home costs
$534,700, which is 58.1% more expensive than the national average of
$338,100 and 4.7% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake City costs
$1,410 per month, which is 10.2% more than the national average of
$1,280 and 5.0% cheaper than the state average of
$1,480.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City (zip 84106), Utah, a minimum annual income of
$102,600 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Salt Lake City?
Salt Lake City, UT, zip code 84106 has an average cost of living that is slightly higher than the US national average. The biggest difference comes from housing costs, which are 18% higher than the US average. The unemployment rate in this area is low at 2.9%, which helps to offset the higher costs of living. On average, people spend around $840 a month on groceries and $1,500 a month on rent. There are also plenty of activities and entertainment in the city that are affordable for locals and visitors alike. Overall, Salt Lake City's cost of living is slightly higher than other areas across the country but still relatively affordable for those looking to enjoy all that it has to offer.