Housing costs in Salt Lake City?
A typical home costs
$609,900, which is 80.4% more expensive than the national average of
$338,100 and 19.4% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake City costs
$1,470 per month, which is 14.8% more than the national average of
$1,280 and close to the state average of
$1,480.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City (zip 84180), Utah, a minimum annual income of
$117,000 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Salt Lake City?
The cost of living in Salt Lake City, UT is relatively low compared to other cities in the United States. The median home value in 84180 is currently around $390,530, which is well below the national median home value of $231,200. Similarly, the median rent price in Salt Lake City is around $1,264 per month, while the national average is slightly higher at $1,462 per month. Other costs such as groceries and utilities are also below the national average. All these factors make Salt Lake City an attractive place for people looking for a lower cost of living without sacrificing quality of life.