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Salt Lake County, UT

Salt Lake City

RANK #867 / 996 NAT  ·  POP 1,180,643

1YR FORECAST: +0.4%

5YR OUTLOOK: +13%

Our model projects Salt Lake County's housing market at +0.4% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Intermountain Healthcare Healthcare
    50,000+
  2. 2
    University of Utah (Including Hospital) Education
    10,000+
  3. 3
    State of Utah Government
  4. 4
    Walmart Retail
  5. 5
    Zions Bancorporation Finance
  6. 6
    Granite School District Education
    5,000+
  7. 7
    Jordan School District Education
  8. 8
    Salt Lake County Government
  9. 9
    Delta Air Lines Logistics
    2,500+
  10. 10
    Salt Lake City School District Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
37.7%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.6
per 100K · nat avg 6.3
Firearm Fatalities
13.5
per 100K · nat avg 14.8
Injury Deaths
74.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C
AIR QUALITY
GRADE
Median AQI (3yr)
57.7
Moderate
Good Air Days
34%
372 of 1,095 days
Unhealthy+ Days (3yr)
92
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
59
2022
60
2023
54
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

The data is not encouraging — Salt Lake County scores just 12/100 on the Boom Town Index, ranking #867 of 996 counties. Job growth at +1.1% and median household income of $90,011 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Salt Lake County affordable?

Salt Lake County leans toward the expensive side. A median home value of $440,400 against an income-to-home-value ratio of 0.20 means housing eats a bigger share of local earnings than the national norm. Renters face $1,394/month on average.

Is Salt Lake County growing or shrinking?

Salt Lake County is growing on multiple fronts. Population is up +0.6% year-over-year while employers added jobs at a +1.1% clip. Home values shifted +1.9% in the past year.

Are many people relocating to Salt Lake County?

Not particularly — 1.98% of Salt Lake County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Tooele County, UT 40 Washington County, UT 45 Utah County, UT 49 Davis County, UT 63 Weber County, UT 66 Cache County, UT 72 Prince George's County, MD 12 San Francisco County, CA 13