Cost of Living in Salt Lake County, Utah

$1,493/mo
Median Monthly Rent
$484,500
Median Home Value
36% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,493/mo
36% above state average
Median Home Value
$484,500
72% above national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Salt Lake County Compares

Median monthly rent comparison

Salt Lake County$1,493/mo
Utah Average$1,101/mo
National Median$1,163/mo

Detailed Housing Stats

$1,493/mo
Median Gross Rent
$484,500
Median Home Value
$1,668/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Salt Lake County, Utah

Salt Lake faces steeper housing costs

Salt Lake County's rent-to-income ratio of 18.9% exceeds the national standard, meaning renters here dedicate nearly one-fifth of their income to housing. Though the county's median household income of $94,658 is 26% higher than the national average of $74,755, rising rents have outpaced wage growth.

Above-average costs in Utah's largest county

Salt Lake County's rent-to-income ratio of 18.9% ranks above Utah's 16.6% state average, reflecting the region's stronger demand and limited inventory. At $1,493 per month, the county's median rent is 36% higher than the state average of $1,101.

The price of living near the metro

Salt Lake County's $1,493 rent far exceeds nearby Tooele County ($1,134) and Summit County's pricier $1,969 for owner costs, but the metro's job market commands a premium. Renters here pay notably more than counties on Utah's periphery, though incomes also reflect the urban advantage.

Housing absorbs a larger share here

Salt Lake renters spend $1,493 monthly while homeowners average $1,668, consuming 18.9% to 21.2% of a median $94,658 household income. This means the typical family dedicates roughly $22,600 annually to housing costs—a significant commitment in the region's competitive market.

Salt Lake offers opportunity with trade-offs

The county's strong median income and vibrant job market attract newcomers willing to accept higher housing costs for urban advantages. If you're considering Salt Lake, weigh the premium rents and ownership costs against the region's economic opportunities and amenities.

Affordability Calculator

See how your income compares to housing costs in Salt Lake County

$

Rent Burden

18.9%

of gross income

Max Housing (28% Rule)

$2,209

per month

Owner Cost Burden

21.1%

of gross income

The median home in Salt Lake County may be a stretch

Median home value is $484,500. Estimated monthly cost: $3,868 vs. your max of $2,209.

Rent Affordability Guide

Your rent-to-income ratio18.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Salt Lake County, Utah?
Salt Lake County, Utah has a median monthly rent of $1,493/mo and a median home value of $484,500. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Salt Lake County?
The median gross rent in Salt Lake County is $1,493/mo. This is 36% above state average for Utah.
Is Salt Lake County affordable?
Salt Lake County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Salt Lake County's rent compare to the state average?
Salt Lake County's median rent of $1,493/mo is 36% above state average of $1,101/mo for Utah.
What is the median home value in Salt Lake County?
The median home value in Salt Lake County, Utah is $484,500. This is 72% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.