Cost of Living in Salt Lake City, UT
Population: 203,888 • 2026 Data
$74,925
Median Household Income
-3% vs national
$1,343
Median Monthly Rent
+0% vs national
$495,700
Median Home Value
+46% vs national
3.8%
Unemployment Rate
Housing in Salt Lake City
The median home value in Salt Lake City, UT is $495,700. Monthly rent for a typical unit averages $1,343, while total monthly housing costs (including utilities and insurance) average $1,394.
Rent-to-income ratio: 21.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Salt Lake City, UT is $74,925. The unemployment rate stands at 3.8%, with a labor force of 126,178 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.