Housing costs in Salt Lake City?
A typical home costs
$410,900, which is 21.5% more expensive than the national average of
$338,100 and 19.5% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake City costs
$1,350 per month, which is 5.5% more than the national average of
$1,280 and 9.6% cheaper than the state average of
$1,480.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City (zip 84116), Utah, a minimum annual income of
$78,840 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Salt Lake City?
Salt Lake City, UT is known for having a reasonably low cost of living compared to other large cities in the United States. According to BestPlaces, the cost of living index in 84116 is just 87.47 out of a possible 100. This means that housing prices and overall daily expenses tend to be significantly lower than in most other major cities in the US. On average, rent can range from $1000/month for a one bedroom apartment to upwards of $1300/month for a three bedroom apartment. Additionally, groceries are relatively affordable with an average price per square foot of $2.50 - $3.00 depending on specific items purchased.