South Salt Lake, UT Economy


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South Salt Lake, UT is a great place to live with plenty of local businesses. It has an inviting atmosphere and friendly people. Rent for a two bedroom in South Salt Lake costs $1,340 per month, which is more affordable than the national average of $1,430 per month. Additionally, the Grocery Cost Index for South Salt Lake is 94 versus 100 nationally, making it even more affordable to buy groceries. Local businesses such as IKEA and Smith's Food & Drug provide residents with great shopping options without having to pay premium prices. The cost of living in South Salt Lake is great, allowing people to save money while still enjoying everything that this city has to offer.

South Salt Lake has an unemployment rate of 4.3%. The US average is 6.0%.

South Salt Lake has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.

Tax Rates for South Salt Lake
- The Sales Tax Rate for South Salt Lake is 7.1%. The US average is 7.3%.
- The Income Tax Rate for South Salt Lake is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for South Salt Lake
- The average income of a South Salt Lake resident is $17,421 a year. The US average is $28,555 a year.
- The Median household income of a South Salt Lake resident is $50,589 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Salt Lake, UtahUnited States
  4.36
  -1.4%-6.2%
  41.3%33.5%
  7.3%6.2%
  5.0%4.6%
  $27,156$37,638
  $50,589$69,021
  $59,056$85,028
  Population by Occupation
  0.5%1.2%
  0.4%0.5%
  7.9%6.8%
  9.4%10.0%
  3.8%2.5%
  10.2%11.0%
  6.0%4.8%
  0.3%0.8%
  1.6%1.9%
  5.8%4.7%
  1.5%1.9%
  5.5%7.6%
  0.7%0.1%
  6.1%4.2%
  9.1%9.3%
  10.7%14.0%
  1.3%2.1%
  8.6%7.0%
  5.8%4.8%
  4.8%4.7%
Reviews for South Salt Lake
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I lived in South Salt Lake for a couple years while in school at the U. It's a nice little inner suburb of Salt Lake City, and some areas I would say are even  More

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