Located in the state of Utah, Salt Lake City is a medium-sized city with a population of 191,446 people. At 73%, the majority of the Salt Lake City population is White; this is followed by 6% Asian and 2% Black. The median age of all Salt Lake City residents is 32, which is well below the national average. This is a good indication that this city could be ideal for young singles. Salt Lake City is known to be family friendly as more than 74% of the population has already tied the knot. It might also be worth noting that 56% of residents also have children under the age of 18.
Living in Salt Lake City can be a great experience for anyone moving to the city. Having said that, in the state of Utah, there are many amazing places to live, so choose wisely! With useful information like crime, cost of living, weather, housing and other key data points, finding the best places to live in Salt Lake City and in the areas around Salt Lake City is a much easier task.
With a livability score of 64 out of 100, Salt Lake City is ranked #19,429 in the United States and #221 in Utah. If we probe a little deeper into each category within the livability score, we see that Salt Lake City has higher than average rankings for the following: amenities (A+) and housing (B-). Salt Lake City does not rank well for the following: crime (F), cost of living (D) and education (F). It might be a smart idea to take a closer look at each category to find out why.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Salt Lake City. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Salt Lake City are affordable. Median real estate prices in Salt Lake City come in at $248,700, which is 10.7% higher than the Utah average. The home price to income ratio compares the median home prices to the median household income. In Salt Lake City, the home price to income ratio is 4.9, which is 36.1% higher than the Utah average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Salt Lake City will offer some insight into determining if your home purchase will be a solid investment for years to come. In Salt Lake City, the year-over-year appreciation rates were 15.4%, and the 5 year appreciation rates came in at 9.6%.
|Wasatch Hollow, Salt Lake City||77||1.3||3,188|
|Yalecrest, Salt Lake City||77||0.9||3,768|
|East Bench, Salt Lake City||75||1.9||8,443|
|Liberty Wells, Salt Lake City||71||1.5||8,248|