Plain City, Summit Park, Syracuse: These cities aren’t just some of the best places to live in Utah. They are also home to some of the richest people in the Beehive State.
Plain City in particular houses the richest residents in the state thanks, in part, to a median household income of $86,059 and a ridiculously low poverty rate of 1.0%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Utah share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 93 places in Utah with more than 5,000 people, we were left with this set of the ten richest places in the Beehive State:
- Plain City
- Summit Park
- Pleasant View
- Farr West
- Stansbury Park
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Utah? That would be Ephraim.
How We Determined The Richest Places In Utah
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 93 places with more than 5,000 people in Utah, we ranked each place from 1 to 93 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Plain City, crowned the “Richest Place In Utah”.
You can learn more about the top ten below or skip to the end to see the rankings for all 93 places.
1. Plain City
Population: 5,859Median Income: 8605900.0%
Poverty Level: 1.0%
Unemployment Rate: 2.6%
2. Summit Park
Population: 7,843 Median Income: 11928600.0%
Poverty Level: 4.2%
Unemployment Rate: 3.3%
Population: 25,374Median Income: 8615800.0%
Poverty Level: 2.0%
Unemployment Rate: 3.4%
4. Pleasant View
Population: 8,426 Median Income: 8516100.0%
Poverty Level: 2.3%
Unemployment Rate: 3.9%
5. Farr West
Population: 6,113 Median Income: 8293900.0%
Poverty Level: 4.0%
Unemployment Rate: 2.4%
Population: 40,274Median Income: 8471800.0%
Poverty Level: 3.0%
Unemployment Rate: 3.9%
Population: 44,656Median Income: 9485200.0%
Poverty Level: 4.9%
Unemployment Rate: 4.4%
8. Stansbury Park
Population: 5,079 Median Income: 8810100.0%
Poverty Level: 6.5%
Unemployment Rate: 2.2%
Population: 16,491Median Income: 10712100.0%
Poverty Level: 3.8%
Unemployment Rate: 5.6%
Population: 20,440Median Income: 8411000.0%
Poverty Level: 5.0%
Unemployment Rate: 3.0%
There You Have It – The Richest Places In Utah
Like we said earlier, when we set out to identify the richest places in Utah, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Utah. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in UT, according to data:
2nd Poorest: Cedar City
3rd Poorest: Ogden
For more Utah reading , check out:
- If You’re From Utah This Will Be The Most Jaw-Dropping Thing You See All Day. Guaranteed.
- These Are The 10 Most Redneck Cities In Utah
- These Are The 10 Worst Places To Live In Utah
Detailed List Of Richest Places In Utah
|North Salt Lake||53|
|West Valley City||80|
|Salt Lake City||84|
|South Salt Lake||89|