- A good salary in Salt Lake City, UT is anything over $43,000.
- That’s because the median income in Salt Lake City is $43,000, which means if you earn more than that you’re earning more than 50% of the people living in Salt Lake City.
- The average salary in Salt Lake City is $52,112.
Moreover, What is minimum wage in Salt Lake City? Utah’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Utah, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
Is living in Salt Lake City Expensive?
Salt Lake City’s housing expenses are 4% higher than the national average and the utility prices are 9% lower than the national average. Transportation expenses like bus fares and gas prices are 12% higher than the national average. Salt Lake City has grocery prices that are 1% higher than the national average.
Likewise, How much does it cost to live comfortably in Salt Lake City? Summary about cost of living in Salt Lake City, UT, United States: Family of four estimated monthly costs are 3,303$ without rent. A single person estimated monthly costs are 910$ without rent. Salt Lake City is 33.70% less expensive than New York (without rent).
What is the cost of living in SLC? Salt Lake City cost of living is 118.9
| COST OF LIVING | Salt Lake City | Utah |
|---|---|---|
| Housing | 169.6 | 146.3 |
| Median Home Cost | $523,400 | $458,900 |
| Utilities | 94.1 | 94.6 |
| Transportation | 93.4 | 91.2 |
What is a liveable salary in Utah?
Living Wage Calculation for Salt Lake County, Utah
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.59 | $23.69 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
Why are Utah wages so low?
COVID-19 sparked Utah labor shortage, low wages can’t bring workers back. Employment rates in the U.S have not recovered since the pandemic disrupted the economy and many Americans are still earning the national minimum wage of $7.25.
How much does it cost to live in Salt Lake City?
How expensive is it to live in Salt Lake City? In Salt Lake City, rent averages $1,771 per month for a one-bedroom apartment. Monthly food costs run $316 per month for an individual or $925.50 for a family of four. An inexpensive meal in Salt Lake City costs $13.
What are the main industries in Salt Lake City?
The largest industries in Salt Lake City, UT are Educational Services (15,375 people), Health Care & Social Assistance (14,127 people), and Retail Trade (10,702 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($84,881), Agriculture, Forestry, Fishing & Hunting, & Mining ($65,893 …
Who is the biggest employer in Salt Lake City?
Top Companies in Salt Lake City
- Zion’s Bancorporation – 10,001+ employees.
- Intermountain Healthcare – 10,001+ employees.
- ServiceNow – 10,001+ employees.
- EPAM Systems – 10,001+ employees.
- SendOutCards – 5,001-10,000 employees.
- Resource Management – 5,001-10,000 employees.
- Overstock – 1,001-5,000 employees.
What is a livable wage in Utah?
Living Wage Calculation for Salt Lake County, Utah
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.59 | $23.69 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
What is the poorest city in Utah?
Logan – 26.8 percent of people are living below the poverty line, which is a total of 12,896 people (5,810 of which are employed).
What is the average salary in Utah?
As of Jul 31, 2022, the average annual pay for the Average jobs category in Utah is $57,462 a year. Just in case you need a simple salary calculator, that works out to be approximately $27.63 an hour. This is the equivalent of $1,105/week or $4,789/month.
What is a livable salary in Utah?
Living Wage Calculation for Salt Lake County, Utah
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $17.59 | $32.48 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $7.25 | $7.25 |
What is upper class in Utah?
In Utah, you’ll need to earn $198,875 or more to be considered a “rich” person in the state of nearly 3.4 million residents. The ultra-rich, or the top 5% of earners in Utah, make way more: $517,405 on average, according to the analysis.
What salary do you need to live comfortably in Salt Lake City?
In the Salt Lake City metro area, a single individual would need to earn $25,400 after taxes to live comfortably.
What is the unemployment rate in Salt Lake City Utah?
Salt Lake City, UT
| Data Series | Jan 2022 | Mar 2022 |
|---|---|---|
| Unemployment Rate(2) | 2.4 | 2.1 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 772.7 | 782.4 |
| 12-month % change | 3.2 | 3.6 |
Who is the largest employer in Utah?
A new map from 24/7 Wall Street identified Walmart as the country’s largest employer in 22 different states. But in Utah, Intermountain Healthcare led the way. Utah was one of the 14 states where the biggest employer was in the health care industry.
How fast is Salt Lake City growing?
What happened to Salt Lake County? Perhaps the most surprising figure to come of out Thursday’s report is that the bureau estimates Utah’s largest county, Salt Lake County, only grew by 185 people from July 1, 2020, to July 1, 2021, ranking as the fourth-lowest growth rate among the state’s 29 counties.
What state has the highest unemployment rate?
Alaska has the highest unemployment rate of 6.10%.
…
Unemployment Rate by State 2022.
| State | Unemployment Rate |
|---|---|
| California | 4.60% |
| Illinois | 4.60% |
| Delaware | 4.50% |
| New York | 4.50% |
