Moving to Salt Lake City, UT

Thinking about moving to Salt Lake City?

You’ll be in good company. Between 2010 and 2016, more than 7,304 people have moved to Salt Lake City, an increase of 3.9%. SLC is growing into an economic powerhouse specializing in finance and tech. It offers access to excellent recreational activities, from its namesake lake to some of the country’s best ski slopes. With great schools and low crime, Salt Lake City is also family-friendly. And if you’re imagining a city full of stodgy teetotalers, think again: SLC has a thriving nightlife, a red-hot culinary scene, and is turning into a hipster haven.

Living

Salt Lake City is home to 193,744 Salt Lakers. With an area of 111.1 square miles, Salt Lake City has a population density of 1,744 persons per square mile, which makes it less dense than many other cities of comparable size.

The Salt Lake City, UT Metropolitan Statistical Area boasts a population of 1,186,187 people, of which Salt Lake City proper’s population makes up 16%.

Housing

One of the drawbacks of all of Salt Lake City’s growth and livability are its relatively high housing prices. The median home value in Salt Lake City is $282,800, 41% above the US median value, according to Zillow. The median price per square foot in Salt Lake City is $234. Over the past 5 years, home values in Salt Lake City have increased by 8%.

Renters in Salt Lake City will also have a hard time finding affordable housing. The median rent in Salt Lake City is $1,464 per month, which is 2% higher than the US median. Over the past year, rental rates in Salt Lake City have increased by 3.4%.

Economy

The Salt Lake City economy is on fire. The Salt Lake City metro area’s GDP grew by 24% between 2010 and 2015, from $64 billion in 2010 to $79 billion in 2015, a total increase of $15 billion. The metro area has a per capita GDP of $66,558. According to the US Census Bureau, the median household income in Salt Lake City, UT is $62,192, 24% higher than the national median. Salt Lake City’s unemployment rate is 3.8%.

Weather

If you’re allergic to cold weather, Salt Lake City might not be for you. Salt Lake City winters are cold, with an average temperature of 36 degrees. Summers in Salt Lake City are cool, with an average temperature of 74 degrees. The average temperature in Spring is 60 degrees and the average temperature in Fall is 41 degrees.

Don’t worry too much about packing your umbrella. Salt Lake City only sees 96 rainy days per year on average and has an average annual rainfall of 16.1 inches. Salt Lake City is relatively dry, with an average annual relative humidity of 55. And don’t forget to bring your sunglasses and tanning lotion! Salt Lake City gets an average of 3,029 sunny hours per year and 125 sunny days, more than much of the rest of the country.

Crime

Salt Lake City does have some problems with violent crime, with a violent crime rate of 861 incidents per 100,000 persons according to the FBI, a higher rate than average. Property crime rates in Salt Lake City are relatively low, with a rate of 969 incidents per 100,000 persons, a lower rate than average.

Traffic

Traffic is not as big of a problem in Salt Lake City as it is in many other US cities. According to a survey conducted by INRIX, the average commuter in Salt Lake City spends 15.8 hours in traffic each year, with about 5% of their time commuting in a traffic jam, a lower portion than average among US cities.

Cost of Living

Salt Lake City is a relatively affordable place to live with a low cost of living. According to the Bureau of Economic Analysis‘s Regional Price Parity survey, which takes into account cost of living metrics including the price of goods and services and housing, Salt Lake City has a regional price parity of 109.0, -0.5% below the average for US metro areas.

Education

Salt Lake City is a well-educated city, with 18% of the population possessing a Bachelor’s degree or higher. Only 12% of the population does not have a High School diploma, while 9% of the population has a Graduate or Professional degree.

Demographics

The median age in Salt Lake City is 31.1 years. 50.3% of the population in the Salt Lake City metro area is male, while 49.7% is female. 11.6% of the metro population is foreign born. In terms of racial demographics, Salt Lake City is 85% white, 2% African American, and 1% Asian.