The economy of Salt Lake City, Utah is primarily service-oriented.
Employment.
| Industry | Employment thousands March 2013 | Percent of total employment |
|---|---|---|
| Trade, transportation and utilities | 132.2 | 20.4% |
| Professional and business services | 106.5 | 16.14% |
| Government | 100.7 | 15.26% |
| Education and health services | 71.8 | 10.88% |
Does Utah have a good economy?
(KUTV) — Utah has been ranked as the number one state for economic outlook in the country for the 15th year in a row. The 2022 ALEC-Laffer State Economic Competitiveness Index has ranked Utah number one for economic outlook since its inception in 2008.
What is the main industry in Salt Lake City?
The largest industries in Salt Lake City, UT are Educational Services (15,375 people), Health Care & Social Assistance (14,127 people), and Retail Trade (10,702 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($84,881), Agriculture, Forestry, Fishing & Hunting, & Mining ($65,893
What is the economy like in Utah?
The state’s economy is highly diversified. The agricultural and mining sectors have been supplemented by light and heavy manufacturing, finance, transportation, and tourism. Salt Lake City is a regional centre of finance and trade, and many large enterprises have offices there.
What is a good salary in Salt Lake City?
A good salary in Salt Lake City, UT is anything over $43,000. That’s because the median income in Salt Lake City is $43,000, which means if you earn more than that you’re earning more than 50% of the people living in Salt Lake City. The average salary in Salt Lake City is $52,112.
Which state has best economy?
Washington topped the list of best state economies, ranking third on economic activity, seventh on economic health, and second on innovation potential. Utah and California rounded out the top three state economies. At the bottom of the list were Louisiana, Alaska, and West Virginia.
Why is Utah so wealthy?
According to the Bureau of Economic Analysis the gross stated product of Utah in 2021 was 220 billion. The per capita personal income was $52,204 in 2020. Major industries of Utah include: coal mining, cattle ranching, salt production, and government services.
Is Salt Lake City a good place to live?
Quality of Life. Salt Lake City received a 7.1 overall ranking (out of 10), with a 6.9 ranking in quality of life and a 6.9 ranking in the job market. Desirability to live in Utah also ranked high at 7.3, according to U.S. News and World Report.
Is it expensive to live in Salt Lake City?
Salt Lake City’s housing expenses are 4% higher than the national average and the utility prices are 9% lower than the national average. Transportation expenses like bus fares and gas prices are 12% higher than the national average. Salt Lake City has grocery prices that are 1% higher than the national average.
Who is the biggest employer in Salt Lake City?
Top Companies in Salt Lake City
- Zion’s Bancorporation – 10,001+ employees.
- Intermountain Healthcare – 10,001+ employees.
- ServiceNow – 10,001+ employees.
- EPAM Systems – 10,001+ employees.
- SendOutCards – 5,001-10,000 employees.
- Resource Management – 5,001-10,000 employees.
- Overstock – 1,001-5,000 employees.
Is Utah a good state to live?
The state is known for its high quality of life, low crime and beautiful landscape. Utah is more affordable than neighboring state Colorado but offers similar climate and access to stunning mountains.
Is Utah the best state to live in?
| March 9, 2021, 7:33 a.m. | Updated: 10:18 a.m. Utah is the third-best state in America to live in, and has the best economy. That’s according to U.S News & World Report, which ranks Washington as the best state in which to live in its annual report.
Which state has the best economy 2022?
North Carolina
The new top state for business in 2022 is North Carolina, according to a new CNBC study, thanks to putting partisanship aside to build the nation’s strongest economy.
What is minimum wage in Utah?
$7.25 per hour
The Utah minimum wage is $7.25 per hour. Minor employees (under 18 years of age) may be paid $4.25 per hour, as a training wage, for the first 90 days of employment.
Is it cheaper to live in Utah or Arizona?
Arizona is 8.0% more expensive than Utah.
How much does it cost to live comfortably in Salt Lake City?
Summary about cost of living in Salt Lake City, UT, United States: Family of four estimated monthly costs are 3,303$ without rent. A single person estimated monthly costs are 910$ without rent. Salt Lake City is 33.70% less expensive than New York (without rent).
What state in the US has the worst economy?
GDP per capita also varied widely throughout the United States in 2021, with New York ($93,463), Massachusetts ($91,130), and Washington state ($86,265) recording the three highest GDP per capita figures in the U.S, while Mississippi ($42,411), Arkansas ($47,770), West Virginia ($49,017) and recorded the three lowest
Which state has the fastest growing economy?
GDP by State: GDP Growth Over 1 Year
| Rank | State | 1-Year Change (%) |
|---|---|---|
| 1 | Hawaii | 8.8% |
| 2 | Nevada | 8.2% |
| 3 | California | 8.0% |
| 4 | Tennessee | 7.6% |
What is the strongest state in America?
Turns out that America’s strongest state is Texas. At least that’s what is shown by the data below, compiled based on the last five years of powerlifting data. Use the map below to compare your own lifts against the average squat, bench press, and deadlift for each state’s best lifters.
What is upper class salary in Utah?
As of Aug 6, 2022, the average annual pay for the Upper Class jobs category in Utah is $47,205 a year. Just in case you need a simple salary calculator, that works out to be approximately $22.69 an hour. This is the equivalent of $908/week or $3,934/month.
Where do millionaires live in Utah?
In Utah, the richest town is Highland, located in Utah County about 30 miles south of Salt Lake City. Here’s some of the data provided by Stacker: Median household income: $139,453 (103% more than U.S. median income) Households earning over $200,000: 1,030 (23.4% of households)