Can you afford to live in Salt Lake City?

Median household income, home values and rent in Salt Lake City, UT — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Salt Lake City.

Median household income: $68,035 — +83.5% since 2015 (not adjusted for inflation)

Median gross rent: $1,329/mo — +68.7% since 2015

Median home value, 2015 to 2023

• 2015: 172700
• 2023: 390400

Median household income

• Salt Lake City: 68035
• Salt Lake County: 94658
• UT: 91750
• U.S.: 78538

Median gross rent

• Salt Lake City: 1329
• Salt Lake County: 1493
• UT: 1405
• U.S.: 1348

Share of income a typical renter spends on rent: 26.9% — U.S.: 30.2%

What it means

The typical household here earns $68,035 — notably lower than the national figure of $78,538.

The typical renter here spends 26.9% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+83.5% versus +68.7%), before adjusting for inflation.