Skip to main content
  1. United States
  2. /
  3. UT
  4. /
  5. Salt Lake County, UT

EconPulse

Local economy signal dashboard

Saved
COUNTYThriving

Salt Lake County, UT

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score74out of 100
Compare
74
65
76
73
99

Population

1,196,523

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$153.8B

Output changed +5.0% in 2024.

Vintage date unknown

State growth5.7%
U.S. growth5.3%

Jobs

Unemployment rate

65

3.8%

Unemployment is 3.8% for March 2026.

Vintage date unknown

State avg3.8%
U.S. avg4.3%

Population

+4.4% 5-year

76

1,196,523

Population moved +4.4% over the latest ACS window.

Vintage date unknown

State population3,392,331
U.S. population334,922,499

Housing

Rent share of income

73

19.6%

Median rent consumes 19.6% of median household income: Affordable.

Vintage date unknown

State rent$1.5K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.0K per resident

99

$9.4B

$9.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$29.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.4B

$8.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.0B
2. Department of Health and Human Services$1.6B
3. Department of Education$942.5M

Top recipients

Dollars
1. WESTERN GOVERNORS UNIVERSITY$494.0M
2. L3 TECHNOLOGIES, INC.$475.2M
3. ASAHI REFINING USA INC$339.8M

Affordable

Housing Affordability

19.6%

of median income

1BR estimate$1,305
2BR estimate$1,719
Median income$97,494
Median home value$525,700

ACS context

Quick Facts

Population

1,196,523

Median age

34.0

Bachelor's degree+

39.4%

Poverty rate

8.1%

Labor force participation

72.2%

Prime rate

6.8%

CPI YoY

+3.7%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

March 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-05-26

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.9%

GDP CAGR

+7.5%

Federal flow

5 years

Population (5 years)
20201,146,215
20211,173,331
20221,180,643
20231,184,689
20241,196,523
GDP (5 years)
2020$107.0B
2021$120.8B
2022$135.4B
2023$146.5B
2024$153.8B

2-year linear forecast

Predictive Outlook

Population forecast

20241,196,523
20251,209,872 *
20261,221,070 *

R² = 88.8% · * projected

GDP forecast

2024$153.8B
2025$168.5B *
2026$180.4B *

R² = 98.5% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$97,494/yr
Median rent$1,592/mo
Rent share of income19.6%
Est. mortgage (30yr, 6.5%)$31,899/yr
Mortgage share of income32.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.8%
State avg3.8%
U.S. avg4.3%
Labor force participation72.2%
Poverty rate8.1%

Data from BLS LAUS / CPS. March 2026.

valuation snapshot

Real Estate

Median home value$525,700
Median monthly rent$1,592
Price-to-rent ratio27.5x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth74/100
Labor market65/100
Population momentum76/100
Overall stability74/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Salt Lake County, Utah

County

Part of

Salt Lake City-Murray, UT

Nearby locations

Taylorsville, UTMurray, UTSouth Salt Lake, UTMidvale, UTKearns metro township, UT