- Salt Lake City has seen a commendable growth in job opportunities over the past few years and has an unemployment rate that’s noticeably lower than the national average.
- The region is currently experiencing an economic boom, as numerous companies like Adobe Systems, 3M Health Information Systems and Microsoft move in.
Moreover, How is the job market in Salt Lake City? SALT LAKE CITY — Utah is home to two of the country’s best current locations for job-seekers, according to new rankings by the Wall Street Journal. WSJ released the results of its fourth annual job market survey on Friday.
What is a good salary in Salt Lake City?
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.
Likewise, 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.
What is the cost of living in Salt Lake City Utah? Salt Lake City cost of living is 118.9
| COST OF LIVING | Salt Lake City | Utah |
|---|---|---|
| Grocery | 95.8 | 93.2 |
| Health | 101.4 | 102.7 |
| Housing | 169.6 | 146.3 |
| Median Home Cost | $523,400 | $458,900 |
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 …
What is the unemployment rate in Salt Lake City?
Salt Lake City, UT
| Data Series | Dec 2021 | Apr 2022 |
|---|---|---|
| Unemployment Rate(3) | (2) 1.8 | 2.1 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 786.5 | 787.5 |
| 12-month % change | 3.9 | 3.5 |
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 |
Where do most people work in Salt Lake City?
The most common employment sectors for those who live in Salt Lake City, UT, are Educational Services (15,375 people), Health Care & Social Assistance (14,127 people), and Retail Trade (10,702 people).
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 | $7.25 |
How much does it cost to live comfortably in Salt Lake City?
Summary about cost of living in Salt Lake City, UT, United States: Family of four estimated monthly costs are 3,303$ 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).
Can I afford to live in Salt Lake City?
To live comfortably in a one-bedroom apartment, you should shoot for an income of at least $70,840 a year or $34.06 an hour. For a two-bedroom apartment, you’ll need to earn at least $91,200 a year or $43.85 per hour.
Why you should not move to Salt Lake City?
Is moving to Salt Lake City worth it?
Young professionals are always happily surprised by the job opportunities, strong housing market, and our vibrant downtown. Truly unparalleled access to nature, a healthy population, and an impressive arts community make Salt Lake City a wonderful place to live for people of all ages.
