Salt Lake City cost of living is 118.9
| COST OF LIVING | Salt Lake City | Utah |
|---|---|---|
| Housing | 169.6 | 146.3 |
| Median Home Cost | $523,400 | $458,900 |
| Utilities | 94.1 | 94.6 |
| Transportation | 93.4 | 91.2 |
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What salary do you need to live comfortably 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.
Is it expensive to live in Salt Lake City Utah?
Salt Lake City’s housing expenses are 8% lower than the national average and the utility prices are 22% lower than the national average. Transportation expenses like bus fares and gas prices are 7% higher than the national average. Salt Lake City has grocery prices that are 2% lower than the national average.
What is a good salary in Salt Lake City?
Income and Salaries for Salt Lake City
– The average income of a Salt Lake City resident is $28,428 a year. The US average is $28,555 a year. – The Median household income of a Salt Lake City resident is $45,833 a year.
How much does it cost to live in Salt Lake City per month?
Summary about cost of living in Salt Lake City, UT, United States: Family of four estimated monthly costs are 3,066$ without rent. A single person estimated monthly costs are 860$ without rent.
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 $80 000 a good salary for a single person?
Is 80000 a good salary for a single person? $80,000 is very much an above-average annual salary for the US as a whole (to clarify another answer, $56,000 or so is the average household salary in the US, not the average individual, personal income, which is quite a good deal less than that.)
Is Salt Lake City Booming?
SALT LAKE CITY (ABC4) – It’s no secret Utah is growing – it has been the fastest-growing state over the last decade, according to the latest census data. While the state’s population is growing, some cities are seeing an increase greater than others.
How much money do you need to live comfortably in Utah?
Here’s all that in context for those living in Utah. A family of four living in Salt Lake County would need more than $81,000 per year, which breaks down to nearly $6,800 per month. In Utah County, that number drops to $76,553 annually, or $6,379 per month.
Is it cheaper to live in Utah or Arizona?
Cost of Living Comparison Between Phoenix, AZ and Salt Lake City, UT. You would need around 4,395.92$ in Salt Lake City, UT to maintain the same standard of life that you can have with 4,700.00$ in Phoenix, AZ (assuming you rent in both cities).
How does Salt Lake City make money?
The economy of Salt Lake City, Utah is primarily service-oriented. While nearby Bingham Canyon Mine (the world’s largest open-pit mine) provided a strong source of income during the 19th century, the city has evolved to an economy built on transit hubs, call centers, and seasonal tourism.
What is the average Utah salary?
Average Salary in Utah
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $83,225 | $1,600 |
| 75th Percentile | $68,429 | $1,315 |
| Average | $55,840 | $1,073 |
| 25th Percentile | $45,773 | $880 |
What is the best area to live in Salt Lake City?
Moving to Salt Lake City? 7 Great Neighborhoods to Call Home
- Sugar House. As one of the oldest neighborhoods in Salt Lake City, newcomers can expect to find plenty of historic bungalows and small, Craftsman-style homes.
- The Avenues.
- Downtown.
- Central City.
- East Liberty Park.
- Foothill/Sunnyside.
- Wasatch Hollow.
How cheap is Utah?
An amount below 100 means Utah is cheaper than the US average. A cost of living index above 100 means Utah, Utah is more expensive.
Utah cost of living is 110.8.
| COST OF LIVING | Utah | United States |
|---|---|---|
| Grocery | 93.2 | 100 |
| Health | 102.7 | 100 |
| Housing | 146.3 | 100 |
| Median Home Cost | $458,900 | $291,700 |
Is it more expensive to live in Florida or Utah?
Comparison Highlights
| Cost of Living Indexes | Salt Lake City, UT | Orlando, FL |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 122 | 103.3 |
| Food & Groceries | 95.8 | 100.7 |
| Housing (Homeowner) | 169.6 | 106.1 |
| Median Home Cost | $523,400 | $294,400 |
Is it cheaper to live in Oregon or Utah?
Comparison Highlights
| Cost of Living Indexes | Salt Lake City, UT | Portland, OR |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 122 | 132.4 |
| Food & Groceries | 95.8 | 103.7 |
| Housing (Homeowner) | 169.6 | 181.5 |
| Median Home Cost | $523,400 | $536,900 |
Is Salt Lake City a good city to live in?
Salt Lake City received a 7.1 overall ranking (out of 10), with a 6.9 ranking in quality of life and a 6.9 ranking in the job market. Desirability to live in Utah also ranked high at 7.3, according to U.S. News and World Report.
What is the richest city 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)
Is it better to live in Utah or California?
Strictly from a financial standpoint, Utah is generally a more advantageous place to live than California. However, that’s not the whole story. As one of the world’s largest economies, California and its major cities provide immense opportunities – from education and jobs to culture, entertainment, and so on.
Is 3000 dollars a month a good salary in USA?
$3,000 per month is not a good salary to live on.The majority of a $36k salary will be consumed by normal living expenses, making it hard to build wealth. However, living on $3,000 per month is possible. A careful budgeter and minimalist should do well on $36k per year in the right area.
Is 81k a good salary?
Depending on the size of your family, $80,000 can comfortably cover living expenses and beyond. According to the U.S census as of 2020, the median salary for a four-person household is $68,400 per year, making 80K a substantially higher income than that of the average American.
