Cost of Living in Salt Lake City, UT
Salt Lake City has a cost of living index of 110 (100 = national average), making it more expensive than the national average. The median household income is $62,027 and the median home price is $520,000.
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Salt Lake City at a Glance
Population
200,591
Cost of Living Index
110
Median Income
$62,027
Median Home Price
$520,000
Property Tax Rate
0.57%
Sales Tax Rate
7.35%
Rent Index
108
State
Utah
Living in Salt Lake City
Salt Lake City has a cost of living slightly above the national average. While housing at $520,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Salt Lake City is 7.35%, and the effective property tax rate is 0.57%. Property taxes are relatively low compared to the national average.