Cost of Living in Salt Lake City, UT

Population 203,888 · Utah · Data vintage 2023

138
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Salt Lake City cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $496,000, rents near $1,343 a month.

Cost Overview

Housing 163
Rent 102

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Salt Lake City

The median home value in Salt Lake City is $495,700 — 63% above the national median of $305,000. Median rent runs $1,343/month, 2% higher than the national median of $1,314/month. The median household income of $74,925/year is equal to than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Utah's top state income tax rate is 4.5% and the combined sales tax is 5.9%. The climate averages highs of 64.9°F and lows of 44.4°F, with about 51.9" of annual snowfall. Overall, Salt Lake City has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.

🏠 Housing

Median Home Value
$495,700
63% above avg
Zillow Home Value
$565,483
Zillow ZHVI
Median Rent
$1,343/mo
2% above avg
Zillow Rent
$1,591/mo
Zillow ZORI
Price-to-Rent Ratio
30.8x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$737
1 BR
$870
2 BR
$1,036
3 BR
$1,418
4 BR
$1,699
Owner-occupied 46.8%
Renter-occupied 53.2%

💰 Estimated Monthly Budget

Rent median rent
$1,343
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,957/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
21.4 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.5%

Commute Mode

Drove alone
60.2%
Carpooled
8.1%
Public transit
5.2%
Walked
4.8%
Bicycle
1.6%
Work from home
18.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 5.9%
State rate 4.8%
Avg local rate 1.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$74,925
0% below avg
Per Capita Income
$49,642
Unemployment Rate
3.8%
21% below avg
Poverty Rate
13.4%
Labor Force Participation
72.9%

🎓 Education

Bachelor's degree+ 28.9%
Graduate degree 22.0%

👥 Demographics

Median Age 33
Male median age 33.3
Female median age 32.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.9°F
Avg Low
44.4°F
Annual Precip
15.5"
Annual Snowfall
51.9"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394555627384949281665139
Low °F 242936425059686756443325
Precip" 1.431.301.752.161.820.950.490.581.061.261.321.40
Snow" 12.710.75.92.90.10.00.00.00.00.57.012.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 54 — Moderate
40.8%
Good air days/yr
154
Max AQI recorded
120
PM2.5 days
214
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

77.3%
4-Year Graduation Rate
22.5:1
Student-teacher ratio
134
Public schools
88,847
Total enrollment

Frequently Asked Questions

What is the cost of living in Salt Lake City, UT?

Salt Lake City has a cost index of 138 (100 = national average). It is 38% above the national average.

What is average rent in Salt Lake City, UT?

The median gross rent in Salt Lake City is $1,343 per month based on 2023 Census data.

What is the average home price in Salt Lake City?

The median home value in Salt Lake City is $495,700 according to Zillow and Census data.

What is the median income in Salt Lake City?

The median household income in Salt Lake City is $74,925 per year (2023 ACS 5-year estimates).

What is the sales tax in Salt Lake City, UT?

The combined state and local sales tax rate in Salt Lake City is 5.9%. The Utah state income tax top rate is 4.5%.

Is Salt Lake City, UT affordable?

Salt Lake City is above average in cost of living, with an index of 138 — about 38% higher than the national average.

What is the weather like in Salt Lake City?

Salt Lake City has average high temperatures of 64.9°F and average lows of 44.4°F. Annual precipitation is 15.5". Average annual snowfall is 51.9". Data from NOAA 1991–2020 Climate Normals.

Salt Lake City at a Glance

Population
203,888
Median Income
$74,925
Home Value
$495,700
Median Rent
$1,343/mo
Unemployment
3.8%
Avg High Temp
64.9°F
Sales Tax
5.9%
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