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Utah

Learn about the people, housing, costs and businesses across Utah

Median Home$519,900
Median Rent$1,658/month
Population3,392,331
Leading IndustriesArts, Food & Hospitality · Wholesale Trade · Healthcare9% arts, food & hospitality
Home Value Growth+6.9% over 2 years
Family-Friendly28% of residentstop 1% nationally
Homeowners70% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 10% nationally
NotableHigh Incomes$102k/year · top 21% nationally
Utah

Frequently Asked Questions

What are today's mortgage rates in Utah?

As of today, the 30-year fixed mortgage rate for Utah is approximately 6.597% (6.646% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Utah?

The median home value in Utah is $520k. The median monthly rent is $1,658. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Utah?

Home values in Utah have increased 6.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Utah?

Based on a typical all-in ownership cost of $1,627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Utah is $102k/year.

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What industries drive the economy in Utah?

The largest employment sectors in Utah are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.