Housing costs in Salt Lake City?
A typical home costs
$402,100, which is 18.9% more expensive than the national average of
$338,100 and 21.2% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake City costs
$1,550 per month, which is 21.1% more than the national average of
$1,280 and 4.5% more than the state average of
$1,480.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City (zip 84111), Utah, a minimum annual income of
$77,040 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Salt Lake City?
Salt Lake City, UT is a great place to live and has a cost of living that is slightly above the national average. The median home price in 84111 is about $273,000 while the median rent for a 1-bedroom apartment is approximately $900 per month. The price of groceries and other necessities are on par with what you'd find elsewhere in the country, but some luxury items such as designer apparel can be pricier than other cities. Transportation costs are generally low due to the availability of public transit, and there are many options for entertainment that don't require breaking the bank. All in all, Salt Lake City offers an affordable cost of living for those who want to experience its unique culture and fantastic outdoor activities.