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Facts Property Investors Want to Know

Interesting Facts & Statistics

  • Salt Lake City covers a total area of 110.4 square miles, with 109.1 square miles covered in land, and 1.5 square miles covered in water.
  • The elevation of Salt Lake City is 4,226 ft.
  • Salt Lake City consists of 75.1% Whites, 2.7% African Americans, 17% Hispanics or Latinos, and 5.2% other races
  • Major corporations headquartered in Salt Lake City Include Huntsman Corporation, Zions Bancorporation, United Potato Growers of America, and other notable companies.
  • Utah County has 3 school districts and 2 higher education institutions.
  • Salt Lake City is nicknamed “The Crossroads of the West”.

Events and Attractions in Salt Lake City

  • Annual Salt Lake Jazz Festival
  • Gay Pride Festival
  • Utah Symphony
  • Hogle Zoo
  • This is the Place Heritage Park
  • Home of the Utah Jazz (NBA Basketball)
  • Pioneer Theatre Company
  • Twilight Concert Series
  • Gallivan Events
  • Children’s Theater of Salt Lake
  • Mormon Tabernacle Choir
  • Rose Wagner Performing Arts Center
  • Finch Lane Gallery at the Art Barn

Salt Lake City Community Statistics

  • Salt Lake City has a population of 1,095,103, with 359,860 households
  • 48.1% of residents in Salt Lake City are childless, whereas 51.9% have children that are 18 and under
  • There are 30.1% renters in Salt Lake City, compared to 69.9% of those who own their homes.
  • Rental vacancy rates in Salt Lake City are 5%
  • The median age is 30.7 years old
  • Median household income is $58,885 in Salt Lake City, compared to $52,175 for all adult U.S. Residents
  • Per capita income is $25,404 locally, compared to $27,466 for all adult U.S. Residents
  • The median home value in Salt Lake City is $234,700
  • 33.5% of all housing in Salt Lake City is valued at $300,000 or more
  • 89% of Salt Lake City residents have a high school diploma, and 30% of residents have a 4 year college degree.

Salt Lake City Rental Statistics

  • In 2012, the average monthly rent amount in Salt Lake City was $783 per month for a single family home, and $682 for a 1 bedroom apartment.
  • Salt Lake City residents pay on average about 30% of their annual household income in rent.
  • As of 2013, 30% of Salt Lake City residents were renters, compared to 36.98% of renters in the U.S.
  • Owner average household size is 3.13 people, compared to 2.68 for renters
  • The rent to price ratio in Salt Lake City is 0.3%.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.