Economy in Salt Lake City, UT

Salt Lake City, UT is a great destination for anyone looking to experience a unique blend of culture and nature. The city is home to many large tech companies such as Adobe and eBay, as well as a vibrant local business scene catering to residents and tourists alike. The cost of living in Salt Lake City is relatively affordable with an average 2 bedroom rent of $1,440 and grocery cost index at 96 compared to the US average. Attractions in Salt Lake City are plentiful; outdoor enthusiasts can explore over 20 different parks within city limits or take in the stunning views from the nearby Wasatch Mountains. Cultural attractions include Temple Square Historic District and Utah Museum of Fine Arts, both of which offer excellent insight into the history and culture of the area.

Salt Lake City has an unemployment rate of 3.0%. The US average is 6.0%.

Salt Lake City 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 39.9%, which is higher than the US average of 33.5%.

Tax Rates for Salt Lake City
- The Sales Tax Rate for Salt Lake City is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Salt Lake City 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 Salt Lake City
- The average income of a Salt Lake City resident is $28,428 a year. The US average is $28,555 a year.
- The Median household income of a Salt Lake City resident is $65,880 a year. The US average is $69,021 a year.