Housing costs in Salt Lake City?
A typical home costs
$535,100, which is 58.3% more expensive than the national average of
$338,100 and 4.8% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Salt Lake City costs
$1,480 per month, which is 3.5% cheaper than the national average of
$1,430 and 13.5% more than the state average of
$1,280.
Can I afford Salt Lake City?
To live comfortably in Salt Lake City U Metro Area, Utah, a minimum annual income of
$102,600 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 the Salt Lake City, UT Metro Area is significantly higher than the national average with an index of 120.2 compared to the US average Cost of Living index of 100. One contributing factor to this elevated cost is the median house value which is $535,100 in Salt Lake City, UT Metro Area compared to a US average house value of $338,100. This makes it significantly more expensive to own or rent a home in Salt Lake City than other parts of America. However, depending on what brings you to Salt Lake City, this may be a price well worth paying for its many attractions and amenities.