Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $60,676 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $36,779 |
| Persons in poverty, percent | 16.6% |
Contents
What is middle class in Salt Lake City?
We define the middle class based on household income, com- pared to median income and federal poverty guidelines. In 2016, the regionally adjusted lower and upper income bounds for Utah’s middle income households were $39,690 to $98,270 (Table 1).
What is middle class income in Utah?
Varying by household size, the 2019 income range for Utah’s middle class extended from $19,500 to $150,700 in 2020 dollars (see Table 1). The average lower and upper bounds for all household sizes were $45,600 to $111,600. Rising income thresholds: From 2016 to 2019, Utah’s middle class became more prosperous.
What salary do you need to live in Salt Lake City?
Recommended Salary in Salt Lake City
To live comfortably in a one-bedroom apartment, you should shoot for an income of at least $62,496 a year or $30.45 an hour. For a two-bedroom apartment, you’ll need to earn at least $82,836 a year or $39.83 per hour.
What is considered high income in Utah?
Median Household Income: $71,621. Average Household Income: $91,292. Per Capita Income: $29,775. 6.4% of Households in Utah are High Income Households that make over $200,000 a year.
Median Household Income in Utah by Age of Householder.
| Utah | |
|---|---|
| Householder 45 to 64 years | $89,352 |
| Householder 65 years and over | $53,720 |
What percentage of Utah is married?
The Utah marriage rate did spike in 2015 with a rate of 8.1 and in 2016 with a rate of 9.0, and then in 2017 with a rate of 8.7. The rate in 2019 was 8.1.
What is the average family income in Utah?
Utah Family Income
The ACS 1-year survey shows that the median family income for Utah was $86,152 in 2019. Compared to the median US family income, Utah median family income is $5,208 higher. Like the median household income numbers, 2020 family income data will be released in September of 2021.
What is a good median household income?
Median Household Income by State 2021
| State | Median Household Income |
|---|---|
| Connecticut | $78,444 |
| Alaska | $77,640 |
| New Hampshire | $76,768 |
| California | $75,235 |
How much does the average person make in Utah?
Average Salary in Utah. $45,773 is the 25th percentile. Salaries below this are outliers. $68,429 is the 75th percentile.
What is the upper class income?
Those who earn more than $373,894 are rich.
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Low income | Less than $40,100 |
| Middle income | $41,000 – $120,400 |
| Upper income | More than $120,400 |
What is a livable salary in Utah?
Living Wage Calculation for Salt Lake County, Utah
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.11 | $33.15 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
Is Salt Lake City Utah expensive to live?
Salt Lake City, Utah’s cost of living is 6% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
Why are Utah homes so expensive?
Utah Foundation researched that question, and Senior Research Analyst Christopher Collard said it’s more the result of people from Utah who didn’t leave.Turns out Utah’s strong economy over many years is responsible for the long-term growth in housing prices.
What is the wealthiest town in Utah?
Highland City
According to the report, the wealthiest city in Utah is Highland City. Here are some Highland City statistics: Median household income: $139,453 (103% more than U.S. median income) Households earning over $200,000: 1,030 (23.4% of households)
How many millionaires live in Utah?
Utah now has an estimated 71,613 millionaires, or about 7.06 percent of the population, ranking the state 16th in the nation behind, according to Kiplinger data. That percentage is higher than the national average of 6.71 percent of US households who claim millionaire status.
What is the average income in Utah 2020?
83,670 U.S. dollars
In 2020, the median household income in Utah amounted to 83,670 U.S. dollars. This is an increase form the previous year, when the median household income in the state amounted to 84,523 U.S. dollars.
What is the average age of marriage in Utah?
Utah State, on average, has the youngest age of marriage. Women get married at a median age of 24 years old, while men get married at 26 years old on average. Is 26 too early to get married?
What is the divorce rate in Utah?
Get married in Utah. According to the U.S. Census Bureau, couples who marry in Utah have a 15.97 percent chance of getting a divorce. That divorce statistic makes Utah the lowest in the country, especially compared to Washington DC, with a divorce rate of 31 percent.
How many veterans live in Utah?
143,771
Key findings in the Utah Veteran Statistics Profile include: The veteran population in Utah is estimated to be 143,771 or 6.5 percent of the civilian population at least 18 years old. Alaska has the highest share (13.1 percent) and New York the lowest share (5.0 percent).
What percent of Utah is Mormon?
Statewide, Mormons account for nearly 62 percent of Utah’s 3.1 million residents. That number is also inching down as the state’s healthy job market attracts non-Mormon newcomers from other places.
What percentage of Salt Lake City is black?
Salt Lake City Demographics
Asian: 5.42% Two or more races: 3.33% Black or African American: 2.61% Native Hawaiian or Pacific Islander: 1.59%
