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Salt Lake County, UT

RANK #898 / 996  ·  POP 1,180,643  ·  UT

PROJECTED GROWTH: -1.7%

Salt Lake County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Salt Lake County?

Salt Lake County, Utah, is defined by its dramatic natural setting, nestled between the Wasatch Mountains to the east and the Oquirrh Mountains to the west, with the Great Salt Lake forming part of its northwestern border. This geography provides residents with immediate access to outdoor recreation, including skiing and snowboarding at resorts like Alta and Brighton, hiking and biking in numerous canyons such as Little Cottonwood and Millcreek, and birdwatching opportunities around the Great Salt Lake. Salt Lake City, the county seat and state capital, serves as a central hub, with public transit options like TRAX light rail and buses connecting various communities throughout the valley. The community offers a blend of urban amenities and natural escapes, with a climate that features four distinct seasons, including dry, warm summers and snowy winters in the mountains.

Life in Salt Lake County often involves balancing urban careers with an active outdoor lifestyle. Public schools in the county are generally above average, with several districts serving the area. Commute times average around 22.5 minutes, though car commuting remains popular despite public transportation options. The economy is diverse, with a notable presence in technology and advanced manufacturing. Recent economic development efforts focus on strategic growth to enhance the quality of life, with investments in infrastructure and urban planning. The county aims to attract industries that support increased economic mobility and maintain the area's natural appeal.

[02] Market Snapshot

Housing Ratio
4.3x

Below national median (4.7x)

GDP Growth
+2.4%

Below national median

Home Prices
+1.9%

Above national median

Climate & Terrain
4.2

Favorable climate & terrain

Price/Rent
23x

Prices detached from rents

Housing is fairly valued at 4.3x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Salt Lake County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,180,643
+0.62% YoY
Median Household Income
$90,011
Median Home Value
$440,400
+1.85% 12mo
Median Rent
$1,394
Average Annual Pay
$77,495
+5.1% YoY
Employment
796,203
+1.1% YoY
Income-to-Home-Value
0.2044
Near national average
Migration Inflow
1.98%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$546,300
Days on Market
68
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
21.1%
Listings w/ Price Drops
25.1%
Building Permits (2024)
4,550
Single-Family Permits
2,848

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,705M
TOTAL
PROJECT AMOUNT STATUS
Salt Lake City International Airport Expansion (Phase 2)
Salt Lake City Department of Airports
$1,800M Under Construction
QTS Eagle Mountain II Data Center Campus
QTS
$650M Under Construction
Tract Data Center Campus
Tract
$500M Planned
NOVVA Data Center Campus Expansion & Natural Gas Plant
NOVVA
$500M Under Construction
Dominguez Battery Energy Storage System
NextEra Energy Resources (Dominguez Energy Storage LLC)
$200M Approved
Salt Palace Convention Center Remodel
Salt Lake County (Jacobsen Construction, AECOM Hunt)
$55M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.4% 45 percentile
Population Growth +0.6% 58 percentile
Income Growth +9.5% 72 percentile
Vacancy Rate 1.2% 44 percentile
Home Price Change +1.9% 57 percentile
Rent Growth -0.5% 8 percentile
Price/Rent 23x 3 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Salt Lake County, UT a good place to move to?

Salt Lake County has a Boom Town Index score of 10/100, ranking #898 among 996 U.S. counties. With job growth at +1.1% and a median household income of $90,011, it faces some economic headwinds compared to faster-growing counties.

Is Salt Lake County affordable?

The median home value in Salt Lake County is $440,400 with median rent at $1,394/month. The income-to-home-value ratio is 0.2044, which is less affordable than the national average.

Is Salt Lake County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +1.1%. Home values changed +1.9% in the past 12 months.

[08] Similar Metros

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