Salt Lake City, Utah Income Statistics
Salt Lake City Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Salt Lake City Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Salt Lake City | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,873 | $95,466 | $80,455 |
| Median Personal Income | $58,221 | $60,264 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.4% | 4.8% |
| Six-Figure Earners | 14.2% | 13.4% | 13.9% |
| $200k+ Households | 13.0% | 13.9% | 13.2% |
The median household income in Salt Lake City is about 21% lower than in Utah. Income has been growing slower in Salt Lake City (5.2%/yr) than in Utah (5.4%/yr).
About 14% of adults in Salt Lake City earn six figures ($100,000 or more) a year, higher than the Utah average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Salt Lake City, Utah grew by 72.9% from 2009 to 2024, reaching $75,873 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Salt Lake City
| Metric | Salt Lake City | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.551 | 0.552 |
| Male Median Income | $66,551 | $72,887 | $69,667 |
| Female Median Income | $58,679 | $53,079 | $56,850 |
| Gender Pay Gap | 11.8% | 27.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Salt Lake City, it is 0.527, lower than Utah's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 13% more than women's income in Salt Lake City, Utah. Over a 35-year career, a 13% wage gap accumulates to roughly $275,520 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Salt Lake City, Utah has widened from about 10% to 12% in 2024. Over that period the gap was widest at 16% in 2022, and was narrowest at 8% in 2017. In dollar terms, the gap has widened by $4,267 since 2009.
Sharply against the trend: the pay gap in Salt Lake City widened by 2.2 points while Utah's narrowed by 3.0 points.
Employment
| Metric | Salt Lake City | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 3.5% | 5.2% |
| Working from Home | 20.3% | 17.6% | 15.0% |
| Commute time (minutes) | 17 | 18 | 22 |
Approximately 5,548 people are unemployed in Salt Lake City, Utah.
The average commute time in Salt Lake City is 17 minutes, shorter than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Salt Lake City, Utah has fallen from 7.2% to 4.2% in 2024. Over that period the rate peaked at 8.6% in 2013 and fell as low as 3.5% in 2022.
Salt Lake City, UT Wealth Compared With Nearby Cities
Salt Lake City, UT is the largest of the 4 cities compared here, 213,141 residents against a local median of 40,929. The measure that sets Salt Lake City, UT apart most is median household income: $75,873, 17% below the local median of $91,490. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 5.2%/yr against a local median of 6.2%/yr, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Salt Lake City, UT reads weaker than its neighbours on all of them. The cities themselves spread $30,573 on median household income, so Salt Lake City, UT sits at one end of an already wide local range rather than apart from it. Salt Lake City, UT has the 3rd highest median household income of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Salt Lake City, UT | 213,141 | $75,873 #3/4 | 5.2%/yr #4/4 | 4.2% #2/4 | 0.527 #3/4 |
| South Salt Lake, UT | 27,794 | $70,087 | 8.0%/yr | 4.8% | 0.512 |
| Bountiful, UT | 40,929 | $100,660 | 5.5%/yr | 3.3% | 0.542 |
| West Valley City, UT | 133,435 | $91,490 | 6.2%/yr | 4.5% | 0.517 |
Conclusion
Considering all these factors, Salt Lake City, Utah has an overall wealth index grade of B, making it about on par with Utah, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Salt Lake City, Utah.
How Rich Is Salt Lake City, Utah?
Salt Lake City has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $75,873, about 21% lower than the Utah average of $95,466.
How fast is household income rising in Salt Lake City, Utah?
Between 2009 and 2024, the median household income in Salt Lake City, Utah rose 73%, from $43,887 to $75,873. Over the same years, income here outpaced Utah as a whole: +73% against +71%.
What was the median household income in Salt Lake City in 2023?
In 2023, the median household income in Salt Lake City, Utah was $75,433, up 4% from $72,695 in 2022. The Utah median that year was $92,352.
What was the median household income in Salt Lake City in 2020?
In 2020, the median household income in Salt Lake City, Utah was $63,667. By 2024 it had risen 19% to $75,873.
What is the Gini coefficient in Salt Lake City, Utah?
The Gini coefficient in Salt Lake City is 0.527. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Salt Lake City, Utah?
Since 2009, the income gap between men and women in Salt Lake City, Utah has widened from about 10% to 12% in 2024. Over that period the gap was widest at 16% in 2022, and was narrowest at 8% in 2017. In dollar terms, the gap has widened by $4,267 since 2009.
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