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Cost of Living in Salt Lake County, UT

Population 1,196,523 · Census ACS 2020–2024 5-year estimates

Median rent$1,592
Median home value$525,700
Median household income$97,494

The median rent in Salt Lake County, UT is $1,592/month, 6% higher than the Utah median and 13% higher than the U.S. median. The median home value is $525,700, 58% higher than the national median. Households earn a median of $97,494 a year, 2% higher than the state median.

Affordability

Rent as a share of median income: 19.6%
Income needed for median rent (30% rule): $63,680/yr
Home price-to-income ratio: 5.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,658/mo

Run your own numbers: mortgage calculator · hourly to salary

Salt Lake County vs. Utah vs. U.S.

Salt Lake CountyUtahU.S.
Median rent$1,592$1,496$1,413
Median home value$525,700$489,400$332,700
Median household income$97,494$95,166$80,734
Homeownership rate66.1%70.2%65.2%
Bachelor's degree or higher39.4%37.7%35.7%
Poverty rate8.1%8.5%12.5%
Unemployment rate3.8%3.6%5.2%
Work from home19.7%17.6%15.1%
Median age34.032.038.9

FAQ

What is the average rent in Salt Lake County, UT?

The median gross rent in Salt Lake County, UT is $1,592 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Salt Lake County, UT?

Using the common 30% rule, renting a median-priced home takes about $63,680 a year in gross income.

Is Salt Lake County, UT expensive to live in?

Rent there is 13% higher than the U.S. median, and the median home costs about 5.4 times the median household income.

Other counties in Utah

Utah County, UTRent $1,541 · Income $100,671Davis County, UTRent $1,621 · Income $110,884Weber County, UTRent $1,379 · Income $90,005Washington County, UTRent $1,566 · Income $80,632Cache County, UTRent $1,213 · Income $81,665Tooele County, UTRent $1,189 · Income $106,587

Counties with a similar cost of living

Cumberland County, MERent $1,589 · Income $95,677Ellis County, TXRent $1,594 · Income $99,595Chesapeake city, VARent $1,586 · Income $95,373Dutchess County, NYRent $1,582 · Income $99,478Weld County, CORent $1,539 · Income $97,097Montgomery County, TXRent $1,532 · Income $97,701

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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