Best Places for Business and Careers 2019Best Places to Retire In Each State 2018
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
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gross metro product
$90.2B
population
1.2M
median household income
$73,778
median home price
$345,000
cost of living
11% above nat'l avg
college attainment
35.5%
net migration
1,470 (year: 2018)
unemployment
2.9%
major industries
Tourism, Health care, Transportation
job growth
2.4% (year: 2018)
As of October 2019
population
194.0K
median home price
$366,000
As of August 2018
Salt Lake City is known as the Crossroads of the West for its central geography in the western United States. Although Salt Lake City is still home to the headquarters of the Church of Jesus Christ of Latter-day Saints, less than half the population of Salt Lake City proper is Mormon. Salt Lake City has developed a strong outdoor recreation tourist industry based primarily on skiing, but also is one of the notable industrial banking and transportation centers of the U.S. Schools located in the city include the University of
Utah, Westminster College, Salt Lake Community College, Eagle Gate College, the Art Institute of Salt Lake City and LDS Business College among others. Salt Lake is home to several museums including the Church History Museum, the Utah Museum of Fine Arts as well as the Utah Museum of Natural History among other popular cultural sites.
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Scenic state capital of 194,000. Median home price $366,000. Cost of living 8% above national average. PROS: High rank on Milken Institute list of best places for successful aging. Above-average number of doctors per capita. Very walkable and bikeable. No state estate/inheritance tax. CONS: Poor air quality. State income tax on Social Security earnings. Serious crime rate above national average. NOTED: Elevation 4,200 feet. Top marginal income tax rate 5.0%. TRIVIA: Only U.S. state capital with three words in name.
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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