Cost of Living in Salt Lake City, Utah
In Salt Lake City, the median household income is $75,090 and the median gross rent is $1,414/mo, with a median home value of $539,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $75,090
- Median gross rent
- $1,414/mo
- Median home value
- $539,500
- Population
- 208,007
How Salt Lake City compares to the Utah average
| Measure | Salt Lake City, UT | Utah statewide | Difference |
|---|---|---|---|
| Median household income | $75,090 | $95,166 | -21.1% |
| Median gross rent (monthly) | $1,414 | $1,496 | -5.5% |
| Median home value | $539,500 | $489,400 | +10.2% |
Statewide, Utah prices average 98.9 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Salt Lake City
- Salary needed for median rent
- $56,560
- Rent burden at median income
- 22.6%
- Est. affordable home price
- $273,923
So that $1,414/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Salt Lake City is $539,500 — +97.0% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Utah cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.