Salt Lake City, UT Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Salt Lake City, UT Summary

Cost of living in Salt Lake City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Salt Lake City is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Utah, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Salt Lake City is 105, with 100 being the average.

  • The cost of living index in Salt Lake City is 1.1x higher than the national average.

  • Salt Lake City ranks as the #47 cheapest in Utah out of 91.

  • Salt Lake City ranks as the #3,676 cheapest out of 6,412 in the US.

  • The median home value in Salt Lake City is $380,200.

  • The median income in Salt Lake City is $65,880.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
105
Salt Lake City's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Salt Lake City, UT?

According to the most recent data on the cost of living, Salt Lake City has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.

Compared to Utah, Salt Lake City has a cost of living index that's 1.0x higher than Utah's index of 102.

The standard of living in Salt Lake City ranks as #47 most affordable out of the 91 places we measured in Utah. By definition, that implies Salt Lake City ranks as the #44 most expensive place in the Beehive State.

For more reading on life in Salt Lake City, check out:

47 out of 91
In Utah
3,676 out of 6,412
In America

Salt Lake City Cost Of Living Vs. Utah

Six factors go into calculating the cost of living index in Salt Lake City. Here is how it fairs on each of the criteria:

  • The Services index in Salt Lake City is 102.

  • The Groceries index in Salt Lake City is 100.

  • The Health index in Salt Lake City is 99.

  • The Housing index in Salt Lake City is 120.

  • The Transportation index in Salt Lake City is 114.

  • The Utilities index in Salt Lake City is 91.

Living Expense Salt Lake City Utah National Average
Overall 105 102 100
Services 102 101 100
Groceries 100 99 100
Health 99 90 100
Housing 120 109 100
Transportation 114 105 100
Utilities 91 93 100
For more reading on cost of living around Utah, check out:
Salt Lake City Cost of Living Vs. UT

Salt Lake City, UT Housing Cost Breakdown

Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Salt Lake City is $380,200.

  • The Median Rent in Salt Lake City is $1,141.

  • The Median Income in Salt Lake City is $65,880.

  • The Home Value To Income in Salt Lake City is 5.8x.

  • The Rent To Monthly Income in Salt Lake City is 0.21x.

Statistic Salt Lake City Utah United States
Median Home Value $380,200 $339,700 $244,900
Median Rent $1,141 $1,171 $1,163
Median Income $65,880 $79,133 $69,021
Home Value To Income 5.8x 4.3x 3.5x
Rent To Monthly Income 0.21x 0.18x 0.2x
Search Homes For Sale In Salt Lake City, UT
$380,200
Median Home Value
$1,141
Median Rent
$65,880
Median Income

Salt Lake City, UT Costs By Category

Detailed Salt Lake City Services Costs Vs. Utah

Item Salt Lake City Utah
Shampoo $1.03 $1.06
Movie $10.88 $10.68
Bowling $19.37 $14.67
Haircut $22.28 $18.62
Beauty Salon $34.97 $39.05

Detailed Salt Lake City Groceries Costs Vs. Utah

Item Salt Lake City Utah
Ground Beef $4.06 $4.22
Fried Chicken $1.81 $1.39
Milk $1.73 $2.05
Potatoes $2.47 $3.29
Pizza $11.32 $10.62
Beer $9.08 $9.38
Toothpaste $2.19 $2.34

Detailed Salt Lake City Health Costs Vs. Utah

Item Salt Lake City Utah
Optometrist $89.78 $108.57
Doctor $107.49 $116.17
Dentist $101.65 $99.13

Detailed Salt Lake City Transportation Costs Vs. Utah

Item Salt Lake City Utah
Gasoline $2.44 $2.22
Tire Balancing $59.61 $50.07

Detailed Salt Lake City Utilities Costs Vs. Utah

Item Salt Lake City Utah
All Electricity $134.97 $167.67
Phone $187.8 $175.64

Salt Lake City SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
5
Diversity
8.5
Safety
3
Amenities
9
Education
8.5
Commute
8.5

Articles About Utah

Enjoy The Snack?