Salt Lake City ranked in the lower third of Utah’s medium to large cities, with a median household income of $44,755. Who’s not? By contrast, South Salt Lake had a median household income of $34,750, placing it last among the cities and contributing to its status as a leader in poverty.
What city is the richest in Utah?
Highland
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)
Is Salt Lake City poor?
Despite Utah’s relatively low rate, the Census Bureau estimates that 283,562 Utahns lived in poverty in 2018 — about as many as the combined populations of Salt Lake City and Ogden. A family of four was considered to live in poverty that year if its income was less than $25,100.
What is the poorest city in Utah?
Logan – 26.8 percent of people are living below the poverty line, which is a total of 12,896 people (5,810 of which are employed).
Is living in Salt Lake City affordable?
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.
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.
How many billionaires live in Salt Lake City?
Of Provo residents with a minimum 10-figure net worth, Ryan Smith is the wealthiest, worth an estimated $1.3 billion. Salt Lake City is the city with the second most billionaires with the highest combined net worth in Utah. There is one billionaire in the city worth an estimated $1.9 billion.
What percentage of Utah is black?
Table
| Population | |
|---|---|
| Female persons, percent | 49.4% |
| Race and Hispanic Origin | |
| White alone, percent | 90.3% |
| Black or African American alone, percent(a) | 1.5% |
Where do most people work in Salt Lake City?
The most common employment sectors for those who live in Salt Lake City, UT, are Educational Services (15,375 people), Health Care & Social Assistance (14,127 people), and Retail Trade (10,702 people).
Is Utah poor?
How Are We Doing? According to the American Community Survey (ACS), approximately 8.8% of Utah residents, or 279,435 Utahns, were living in poverty in 2019.
Who is the wealthiest person in Utah?
Forbes lists 6 billionaires in Utah.
- #6. Scott Smith. – Net worth: $1.0 billion (#2,475 wealthiest in the world)
- #5. Jared Smith. – Net worth: $1.4 billion (#2,093 wealthiest in the world)
- #4. Ryan Smith.
- #3. Scott Watterson.
- #2. Gail Miller.
- #1. Matthew Prince.
- You may also like: Where people in Utah are moving to most.
What is the wealthiest county in Utah?
Utah counties ranked by per capita income
| Rank | County | Per capita income |
|---|---|---|
| 1 | Summit | $40,270 |
| United States | $27,334 | |
| 2 | Wasatch | $26,873 |
| 3 | Rich | $25,376 |
How much do you need to make in Utah to live?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $29,665 | $54,786 |
| Annual taxes | $6,913 | $12,768 |
| Required annual income before taxes | $36,578 | $67,553 |
What is minimum wage in Salt Lake City?
$7.25 per hour
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.
How safe is Salt Lake City?
Salt Lake City has re-joined a list of the top 100 most dangerous cities in the United States for the first time since 2018, with a 26% year-over-year increase in violent crime. Every year, NeighborhoodScout releases their list of the 100 most dangerous cities in the United States.
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.
How many billionaires live in Utah?
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Billionaires/ State’s 10M pop. (7/19 census) (9/15/20) |
|---|---|---|
| 36 | South Dakota | 11.30 |
| 36 | District of Columbia | 14.17 |
| 27 | Kentucky | 6.71 |
| 25 | Utah | 12.48 |
Why is Utah so popular?
Utah population
Thanks to the low housing cost, low cost of living, low crime rate, great skiing, and beautiful landscape, Utah is emerging as an attractive state.
Is Utah a rich state in USA?
Utah’s economic outlook ranked #1
The annual “Rich States, Poor States” report from the American Legislative Exchange Council is out, and they put Utah at the top for economic outlook and #4 in economic performance.
Who is the richest woman in Utah?
Miller, she became chairwoman of the Larry H. Miller Group of Companies (LHM Group). With a net worth of $1.9 billion she is the wealthiest person in Utah.
What is the best place in Utah to live?
TOP 25 “BEST PLACES TO LIVE IN UTAH”
- Greater Avenues (Salt Lake City)
- East Liberty Park (Salt Lake City)
- Wasatch Hollow (Salt Lake City)
- Kaysville.
- Central City/Liberty Wells (Salt Lake City)
- Centerville.
- Park City.
- North Logan.