What Salary Do You Need to Live in Salt Lake City, UT?
To live comfortably in Salt Lake City, a household needs to earn roughly $60,000/year. That's about $5,000/month before taxes.
The Number: $60,000/year
At $60,000 per year, a household in Salt Lake City can afford median-priced rental housing at roughly 28% of gross income.
This is based on Salt Lake City's median monthly rent of $1,440 and the 28% housing guideline. Source: Census ACS 2024.
Salt Lake City at a Glance
Sources: Census ACS 2024, Tax Foundation.
For Single Residents
A single person can live comfortably in Salt Lake City on roughly $40,000/year. That's about $3,333/month before taxes.
Salary Questions About Salt Lake City
The median monthly rent is $1,440. Using the 30% guideline, you need about $58,000/year to afford this comfortably.
The median home price is $620,100. With a 20% down payment, you would need roughly $124,020 saved and a household income to support the mortgage payments.
The median household income is $77,186/year. Our recommended salary of $60,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.