Known for the stunning backdrop afforded by the towering Wasatch Mountains – and the endless opportunities for outdoor recreation they provide – Salt Lake offers visitors a uniquely vibrant and dynamic urban experience. As one of North America’s most accessible destinations, Utah’s capital city offers year-round excitement and activities for the entire family, alongside a contemporary edginess and vitality that’s helped the “new” Salt Lake become a renowned culinary destination
Salt Lake City's population is 1.3M, with a total workforce of 767K. The labor market grew by 23,300 jobs over the past year, up by 3.1%. The median household income in Salt Lake City is $83,513, 2.4% lower than last year and 23.7% above the national average of $67,521.
In the housing market, total permits issued totaled 11,035 over the last twelve months, down 0.2% year-over-year. Salt Lake City has 94 active new home projects on the market, 14.5% fewer than the 110 from last year. The average list price in the market is $597,198, 22.4% higher than last year and 32.5% above the national average. Over the last three months, new home contracts decreased by 34.3% to 613. Herriman and South Jordan had the highest concentration of the new home contracts in the Salt Lake City market.