South Jordan, Farmington, Hooper: 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.
South Jordan in particular houses the richest residents in the state thanks, in part, to a median household income of $95,858 and a ridiculously low poverty rate of 3.5%.
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.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 85 places in Utah with more than 5,000 people.
- South Jordan (Photos | Homes For Sale)
- Farmington (Photos | Homes For Sale)
- Hooper (Photos | Homes For Sale)
- Plain City (Photos | Homes For Sale)
- Syracuse (Photos | Homes For Sale)
- Farr West (Homes For Sale)
- Riverton (Photos | Homes For Sale)
- Centerville (Photos | Homes For Sale)
- Kaysville (Photos | Homes For Sale)
- Draper (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Utah.
Rich people not your cup of tea? Feel free to check out some more reading about Utah:
How We Determined The Richest Places In Utah For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe 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 newly released 2012-2016 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 85 places with more than 5,000 people in Utah, we ranked each place from 1 to 85 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, South Jordan, crowned the “Richest Place In Utah For 2018”.
You can learn more about the top ten below or skip to the end to see the rankings for all 85 places.
South Jordan is a city in south central Salt Lake County, Utah, United States. The city lies in the Salt Lake Valley between the 9,000-foot (2,700 m) peaks of the Oquirrh Mountains and the 12,000-foot (3,700 m) peaks of the Wasatch Mountains and is part of the Salt Lake City metropolitan area. The Jordan River flows through the middle of the valley and the city has a 3.5-mile (5.6 km) section of the Jordan River Parkway that contains fishing ponds, trails, parks and natural habitat. Salt Lake County fair grounds and equestrian park, 67-acre (27 ha) Oquirrh Lake and 27 other parks are located inside the city. As of the 2010 Census, its population was 50,418.
Farmington is a city in Davis County, Utah, United States. It is part of the Ogden–Clearfield, Utah Metropolitan Statistical Area. The population was 18,275 at the 2010 census and was estimated at 22,159 in 2014. It is the county seat of Davis County. Lagoon Amusement Park is located in Farmington.
Hooper /hpr/ is a city in Weber County, Utah, United States, first called Muskrat Springs and later Hooperville for Captain William Henry Hooper, an early Utah delegate to Congress. The population was 7,218 at the 2010 census, up from the 2000 figure of 3,926. Prior to the city’s incorporation on November 30, 2000, Hooper was an unincorporated census-designated place (CDP).
Plain City is a city in Weber County, Utah, United States. The population was 5,476 at the 2010 census. It is part of the Ogden–Clearfield, Utah Metropolitan Statistical Area.
Farr West is a city in Weber County, Utah, United States. The population was 3,094 at the 2000 census. It is part of the Ogden–Clearfield, Utah Metropolitan Statistical Area.
Riverton is a city in Salt Lake County, Utah, United States. It is part of the Salt Lake City, Utah Metropolitan Statistical Area. The population was 38,753 at the 2010 census. Riverton is located in the rapidly growing Southwestern corner of the Salt Lake Valley.
Centerville is a city in Davis County, Utah, United States. It is part of the Ogden-Clearfield Metropolitan Statistical Area. The population was 15,335 at the 2010 census. It is located adjacent to the easternmost part of the Great Salt Lake.
Kaysville is a city in Davis County, Utah, United States. It is part of the Ogden–Clearfield, Utah Metropolitan Statistical Area. The population was 27,300 at the 2010 census, with an estimated population of 29,494 in 2014.
Draper is a city in Salt Lake and Utah counties in the U.S. state of Utah, located about 20 miles (32 km) south of Salt Lake City along the Wasatch Front. As of the 2010 census, it had a population of 42,274, having grown from 7,143 in 1990.
There You Have It – The Wealthiest Places In Utah For 2018
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 Utah, according to data:
2nd Poorest: Cedar City
3rd Poorest: Ogden
For more Utah reading, check out:
- 10 Safest Places In Utah
- These Are The 10 Best Places To Retire In Utah For 2018
- 10 Cheapest Places To Live In Utah
Detailed List Of The Richest Cities In Utah
|42||North Salt Lake||40.67|
|70||West Valley City||68.5|
|71||Salt Lake City||68.83|
|76||South Salt Lake||74.33|