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These days, finding an affordable place to live in the Salt Lake City area can be challenging. Home prices in Salt Lake City are now at a median cost of $544,936, higher than the Utah average of $525,914.
The average cost of rent is $1,796/mo in Salt Lake City, primarily driven by the current value of real estate in the Salt Lake City area. In Salt Lake City, 33.04% of households rent, and 28.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salt Lake City is $9,004 per month. Households that rent pay about 19.94% of their income on rent here. Salt Lake City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Salt Lake, UT: less expensive homes
- Holladay, UT: higher priced homes
- Murray, UT: equally priced homes
- North Salt Lake, UT: equally priced homes
- West Valley City, UT: less expensive homes
- Taylorsville, UT: less expensive homes
- Woods Cross, UT: equally priced homes
- Bountiful, UT: equally priced homes
- Midvale, UT: less expensive homes
- Cottonwood Heights, UT: higher priced homes
Cities with Similar Populations
- Escondido, CA: higher priced homes
- Columbus, IN: less expensive homes
- Charlotte, NC: less expensive homes
- Clearwater, FL: less expensive homes
- Clifton, NJ: less expensive homes
- Conyers, GA: less expensive homes
- Citrus Heights, CA: less expensive homes
- Columbia, MD: less expensive homes
- Cincinnati, OH: less expensive homes
- Columbia, MO: less expensive homes
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