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.
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 3,309$ without rent. A single person estimated monthly costs are 912$ without rent. Salt Lake City is 33.75% less expensive than New York (without rent).
Is Salt Lake City considered high cost of living?
Overall cost of living
On the cost of living index, Salt Lake City earns an overall score of 118.9—which is slightly higher than the national average of 100. Salt Lake City ranks significantly higher on this index than many of the Southwest’s large cities, such as: Santa Fe: 115.4. Las Vegas: 111.6.
What is minimum wage in Salt Lake City?
$7.25 per hour
Utah Minimum Wage for 2021, 2022. Utah’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Utah, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
Is Utah cheaper than Vegas?
Las Vegas is 6.1% less expensive than Salt Lake City.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is a liveable salary in Utah?
Living Wage Calculation for Salt Lake County, Utah
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.59 | $23.69 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
Is it cheaper to live in Utah or Texas?
Costs of Living in Utah vs Texas
Texas is estimated to be up to be more than 1.5% more expensive to live in than Utah. Childcare is 7.5% more expensive in Texas, and sports and entertainment eat more out of your pocket than they do in Utah.
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.
What income is considered middle class in Utah?
We define the middle class based on household income, com- pared to median income and federal poverty guidelines. In 2016, the regionally adjusted lower and upper income bounds for Utah’s middle income households were $39,690 to $98,270 (Table 1).
What is considered wealthy in Utah?
In Utah, you’ll need to earn $198,875 or more to be considered a “rich” person in the state of nearly 3.4 million residents. The ultra-rich, or the top 5% of earners in Utah, make way more: $517,405 on average, according to the analysis.
What city in Utah has the lowest property taxes?
Taxes are due by Nov. 30. Among the state’s 15 largest cities, those with the highest overall property taxes generally are Ogden, Salt Lake City and West Valley City, in that order. The lowest taxes, generally, are in Provo, Murray and Orem.
How long does it take to get to Vegas to Utah?
Yes, the driving distance between Utah to Las Vegas is 422 miles. It takes approximately 6h 13m to drive from Utah to Las Vegas.
Is Vegas close to Utah?
How Far is Las Vegas to Salt Lake City? The distance from Las Vegas to Salt Lake City is about 420 miles, which means that if you were going to drive straight there without making any stops, the Las Vegas to Salt Lake City drive time would be just a little over six hours.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
What state is most expensive to live in?
Hawaii
Hawaii. Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average. Hawaii has the highest costs across all indexes, except healthcare.
What is the most expensive city in the US?
- New York City, New York. New York City leads the pack as the most expensive city in the United States.
- San Francisco, California.
- Honolulu, Hawaii.
- Boston, Massachusetts.
- Washington, D.C.
- Oakland, California.
- San Jose, California.
- San Diego, California.
What do most jobs pay in Utah?
Salaries below this are outliers. $5,644 is the 75th percentile. Salaries above this are outliers. $7,525 is the 90th percentile.
What are Top 10 Highest Paying Cities for Average Jobs in Utah.
| City | Salt Lake City |
|---|---|
| Annual Salary | $62,989 |
| Monthly Pay | $5,249 |
| Weekly Pay | $1,211 |
| Hourly Wage | $30.28 |
What is minimum wage in Utah?
7.25
State Minimum Wage Rate for Utah (STTMINWGUT) Download
| 2022: | 7.25 |
|---|---|
| 2020: | 7.25 |
| 2019: | 7.25 |
| 2018: | 7.25 |
| View All |
Is it better to live in Utah or California?
Moving from California to Utah also brings about some financial benefits. California tops the list with the highest income tax rate of 13.30%, whereas Utah has a flat income tax rate of 4.95%. Combined State and local sales tax rates for California come in at 8.82%. Utah’s combined tax rate is 7.19%.
Is it cheaper to live in Oregon or Utah?
The cost of living in Portland, OR is 17.6% higher than in Salt Lake City, UT. You would have to earn a salary of $70,561 to maintain your current standard of living. Employers in Portland, OR typically pay 9.2% more than employeers in Salt Lake City, UT.