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Tooele County, UT

RANK #664 / 996  ·  POP 74,032  ·  UT

PROJECTED GROWTH: +0.2%

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

[01] Why Tooele County?

Tooele County, Utah, is often recognized for the Bonneville Salt Flats, a vast expanse of white salt known for land speed records. Located west of Salt Lake City, with the city of Tooele as its county seat, the area offers a blend of small-town atmosphere and access to urban amenities. Commuting to Salt Lake City is common for many residents, with I-80 serving as a primary route, though public transit options like UTA bus routes and on-demand services are available. The county's landscape features mountains, valleys, and the Great Salt Lake, providing opportunities for hiking, biking, camping, and water activities. Deseret Peak, the highest point in the Stansbury Mountains, is a notable hiking destination.

Life in Tooele County often appeals to families and individuals seeking a quieter lifestyle with more spacious properties than found in denser urban areas. The Tooele County School District serves the area with numerous schools. The local economy, historically rooted in mining and agriculture, has diversified to include manufacturing, logistics, and defense, with the Tooele Army Depot being a significant employer. There is also emerging growth in technology-driven industries, healthcare, and renewable energy sectors. Recent proposals include a bid for a nuclear energy hub, which could further impact the economic landscape.

[02] Market Snapshot

Housing Ratio
10.2x

Overvalued relative to economy

GDP Growth
+9.8%

Well above national median

Home Prices
+0.4%

Well below national median

Climate & Terrain
2.8

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks overvalued at 10.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Tooele County U.S. National

The Numbers

DEMOGRAPHICS
Population
74,032
+3.77% YoY
Median Household Income
$95,545
Median Home Value
$343,900
+0.41% 12mo
Median Rent
$1,079
Average Annual Pay
$53,737
+6.4% YoY
Employment
20,615
+6.5% YoY
Income-to-Home-Value
0.2778
More affordable than average
Migration Inflow
4.47%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$455,000
Days on Market
89
Slower market
Months of Supply
3.5
Balanced market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
19.1%
Listings w/ Price Drops
27.2%
Building Permits (2024)
897
Single-Family Permits
677

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

[05] Capital Investment

$6,830M
TOTAL
PROJECT AMOUNT STATUS
Nuclear Lifecycle Innovation Campus
State of Utah / U.S. Department of Energy
$5,000M Proposed
Dugway Proving Ground Data Center
CyrusOne (KKR and BlackRock)
$1,000M Proposed
Echo Master-Planned Community (1,260 homes)
Cole West
$600M Planned
Lexington Greens Master-planned Community (640+ residences)
Zenith Development
$100M Under Construction
Elektron Solar Project (80 MW)
D.E. Shaw Renewable Investments (DESRI)
$80M Operating
Central States Manufacturing Plant
Central States Manufacturing, Inc.
$50M Operating

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

[06] Score Breakdown

GDP Growth +9.8% 98 percentile
Population Growth +3.8% 98 percentile
Income Growth +9.1% 66 percentile
Vacancy Rate 1.0% 60 percentile
Home Price Change +0.4% 36 percentile
Rent Growth +3.9% 66 percentile
Price/Rent 14x 45 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Tooele County, UT a good place to move to?

Tooele County has a Boom Town Index score of 33/100, ranking #664 among 996 U.S. counties. With job growth at +6.5% and a median household income of $95,545, it faces some economic headwinds compared to faster-growing counties.

Is Tooele County affordable?

The median home value in Tooele County is $343,900 with median rent at $1,079/month. The income-to-home-value ratio is 0.2778, which is more affordable than the national average.

Is Tooele County growing or shrinking?

Population growth: +3.8% year-over-year. Job growth: +6.5%. Home values changed +0.4% in the past 12 months.

Are people moving to Tooele County?

Yes — 4.47% of Tooele County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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