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)
Where are the rich people in Utah?
In Utah, Provo is home to more billionaires than any other city. A total of three billionaires live in Provo with a combined net worth of $3.5 billion. Of Provo residents with a minimum 10-figure net worth, Ryan Smith is the wealthiest, worth an estimated $1.3 billion.
What rich people live 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.
Do any billionaires live in Utah?
Utah is a state that has a few billionaires with Provo as the home of the largest concentration of the very rich. The state has a gross product of $188 billion, according to Forbes, but have you ever wondered who is the richest person in the state?
What is the wealthiest part of Salt Lake City?
Who’s raking it in? South Jordan, a growing suburb on Salt Lake Valley’s west side, is Utah’s wealthiest large community with a median household income of $91,578.
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.
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.
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).
How much money do you need to make to live comfortably in Utah?
The average salary needed to live comfortably across all of the major metro areas is $57,013, according to SmartAsset. To check out the MIT Living Wage calculator for all Utah counties and metro areas, click here. Copyright 2022 Nexstar Media Inc. All rights reserved.
Is Utah a wealthy state?
For the 15th year in a row, Utah has again been ranked top of the U.S. for its economic forecast. As it has for the last 14 years, Utah is again the No. 1 state in the nation for its economic outlook, according to the American Legislative Exchange Council’s new “Rich States, Poor States” report released Monday.
Who is the richest in Utah?
These Are The Richest Billionaires In Utah
- Matthew Prince. Net worth: $4.5 billion (#669 wealthiest in the world)
- Gail Miller. Net worth: $3.2 billion (#959 wealthiest in the world)
- Scott Watterson. Net worth: $1.6 billion (#1,849 wealthiest in the world)
- Ryan Smith.
- Jared Smith.
- Scott Smith.
Who has the most money in Utah?
With a net worth pegged at $5.7 billion, Utah native Jeff T. Green is now believed to be the wealthiest person who hails from the Beehive State. He announced Tuesday that he has signed The Giving Pledge by committing to share “at least 90% of his wealth” in his life or at his death with philanthropic causes.
Is Park City Utah rich?
U.S. Census Bureau data released Thursday shows Park City is the nation’s second-most wealthy “micropolitan area,” a designation for urban places with populations between 10,000 and 50,000. The median household income for the Park City statistical area, which covers all of Summit County, is $91,470.
What are the affluent suburbs of Salt Lake City?
Holladay is one of the wealthiest areas in Salt Lake City.
You’ll find many professionals living here, and because of this, it’s a bit older. There are still plenty of families, but they tend to have older, high-school-aged children.
What is the best suburb of Salt Lake City?
Best Suburbs Near Salt Lake City
- West Bountiful. Population: 5,731.
- Centerville. Population: 17,700.
- Farmington. Population: 24,514.
- Draper. Population: 48,319.
- Fruit Heights. Population: 6,234.
- Woods Cross. Population: 11,328.
- North Salt Lake. Population: 20,850.
- Cottonwood Heights. Population: 34,117. Median Home Value: $365,700.
How many millionaires live in Utah?
71,613
This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019).
List.
| Rank | 31 |
|---|---|
| State | Utah |
| Number of millionaire households | 71,613 |
| Share of millionaire households | 7.05% |
What is upper class 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 is upper class salary in Utah?
As of Aug 1, 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.
What is the top 1% in Utah?
Utah
- Top 1% income threshold: $528,864.
- Top 5% income threshold: $217,757.
What is the safest city to live in Utah?
Here are the Top 10 Safest Cities in Utah in 2022:
- Syracuse.
- Herriman.
- Bountiful.
- Pleasant Grove.
- Clinton.
- North Ogden.
- Saratoga Springs.
- Spanish Fork.
Is it expensive to live in Utah?
Utah ranks 34th in the U.S. News & World Report’s Affordability Rankings which means it’s one of the most expensive states in the country to live in. The rankings measure the average cost of living against the average amount of money most households in that state have.