Facts Property Investors Want to Know

10 years ago

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

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%.