Salt Lake City is a mid-sized city located in the state of Utah. The city has a population of 191,446 inhabitants. If we look at the most recent Census, Salt Lake City is known to have a predominantly White population. The next two most common races are Asian and Black. Salt Lake City could be a great place for young adults and students as the average age of 32 years old is below the nation’s average. If you are looking for a family friendly city, Salt Lake City might be a good fit as 74% of the population over 15 years old are married, and 56% have kids who are 18 years old or younger.
Living in Salt Lake City can be a fulfilling experience for anyone relocating to the town. Having said that, in the state of Utah, there are many incredible places to live, so choose wisely! The best areas in Salt Lake City and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, you will see a detailed breakdown of the most important information as well as comparisons to the Utah and national averages.
Using data and statistics Salt Lake City has received a livability score of 64/100. This score is ranked in the 33rd percentile when compared to all other cities. For each of the livability categories, we know that Salt Lake City ranks very well for amenities (A+) and housing (B-). The bad news for Salt Lake City, there are some categories for which it does not score well, this includes: crime (F), cost of living (D) and education (F).
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Salt Lake City is actually affordable. The median home price for Salt Lake City homes is $248,700, which is 10.7% higher than the Utah average. If we take a closer look at the affordability of homes in Salt Lake City, we’ll see that the home price to income ratio is 4.9, which is 36.1% higher than the Utah average. Year over year appreciation rates for homes in the Salt Lake City area were 15.4% and the 5 year appreciation rates came in at 9.6%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.
|Wasatch Hollow, Salt Lake City||77||1.8||3,188|
|Yalecrest, Salt Lake City||77||2||3,768|
|East Bench, Salt Lake City||75||3||8,443|
|Liberty Wells, Salt Lake City||71||0||8,248|