There are nearly 2,400 people worldwide whose individual net worth exceeds $1 billion — and more than one-quarter of them live in the United States.
This is the City in Utah With the Most Billionaires.
| City with the most billionaires: | Utah: Provo |
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| Number of billionaires: | 3 |
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| Total billionaire net worth: | $3.5 billion |
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| Top billionaire: | Ryan Smith |
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An amount below 100 means Utah is cheaper than the US average. A cost of living index above 100 means Utah, Utah is more expensive.
Utah cost of living is 110.8.
| COST OF LIVING | Utah | United States |
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| Median Home Cost | $338,200 | $231,200 |
| Utilities | 94.6 | 100 |
| Transportation | 91.2 | 100 |
| Miscellaneous | 96.3 | 100 |
Part of the reason for Utah's consistently strong economic growth is a still-predominant Mormon culture that encourages out-of-fashion virtues such as thrift, delayed gratification and stable families. The state has the nation's lowest median age.
Utah's Most Expensive Home Is a $48M Ranch in Its Own Private Canyon. A ranch with more than 3,387 acres as its backyard is now Utah's most expensive home. Hobble Creek Ranch in Springville, UT, is on the market for $48 million. The property sits at the end of a 7-mile road at the edge of Hobble Creek Canyon.
| List of 25 Wealthiest Zipcodes in Utah |
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| Rank | Zipcode | Median Household Income |
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| 1 | 84098 | $129150 |
| 2 | 84004 | $122202 |
| 3 | 84060 | $105636 |
Draper profile
With a population of 48,587 people and seven constituent neighborhoods, Draper is the 16th largest community in Utah. The per capita income in Draper in 2018 was $45,580, which is wealthy relative to Utah and the nation. This equates to an annual income of $182,320 for a family of four.Utah's economic outlook ranked #1The annual “Rich States, Poor States†report from the American Legislative Exchange Council is out, and they put Utah at the top for economic outlook and #4 in economic performance. It's the 14th year running Utah finished at the top of the economic outlook rankings.
Water From the TapIt is safe to drink water right from the tap from any of Utah's 978 public drinking water systems. Nearly 100 percent (99.7 percent) of Utah's population drink water from an approved source. Chlorine-treated water is safe to drink, although some people object to the taste and odor.
2021 Best School Districts in Utah
- Northern Utah Academy for Math Engineering & Science (Nuames) School District.
- Success Academy. School District.
- Park City School District. School District.
- Cache County School District.
- Davis School District.
- Wasatch County School District.
- Kane County School District.
- Canyons School District.
Jeff Bezos is the founder of both Amazon, the world's largest retailer, and Blue Origin. With an estimated net worth of $177 billion, he is the richest person in the world.
The analysis, which looked at the U.S. Census Bureau's five-year population estimates from the 2014-2018 American Community Survey, found San Juan County has the highest poverty rate in Utah at 26.6%, or 3,951 people living below the poverty line.
Here's all that in context for those living in Utah. A family of four living in Salt Lake County would need more than $81,000 per year, which breaks down to nearly $6,800 per month. In Utah County, that number drops to $76,553 annually, or $6,379 per month.
And many Utah license plates claim the Greatest Snow on Earth. That's 44 feet of snow ! A few other Utah resorts,–plus Colorado's Wolf Creek Pass–come next with 400 + inches. After that, you get several 300+ inches resorts in both states.
Am I in the middle class? Varying by household size, the 2019 income range for Utah's middle class extended from $19,500 to $150,700 in 2020 dollars (see Table 1). The average lower and upper bounds for all household sizes were $45,600 to $111,600.
Among those in the middle, the Census Bureau estimates that 20.5 percent of Utah households earn $50,000 to $74,999; 17.9 percent earn $100,000 to 149,999; 14.9 percent earn $75,000 to $99,999; and 12.4 percent earn $35,000 to $49,999.
Thanks to the low housing cost, low cost of living, low crime rate, great skiing, and beautiful landscape, Utah is emerging as an attractive state. The state has the 4th highest population growth rate. In 2018, the population grew by 52,664 people, an annual growth rate of 1.69%.
For all households, the average lower income bound was $39,690 per year, and the average upper income bound was $98,270 (Table 4). By household size, results ranged from $17,320–$47,150 for single-person households to $54,080– $123,480 for households with five or more people.
What defines poverty in Utah? Families in Utah require almost 200% of the Federal Poverty Guideline (FPG), $52,400 per year for a family of four, to meet their basic needs.
State Profile: Largest Employers
| # | Employer | Number of Employees |
|---|
| 1 | University Health Care | 10,000 |
| 2 | University of Utah Health | 7,866 |
| 3 | Latter Day Saints Church | 5,000 |
| 4 | Arup Blood Svc | 4,200 |
The richest town in Utah is Silver Summit. Silver Summit is less than 15 miles away from Park City, Utah.
Best Neighborhoods in Salt Lake City for Singles & Young Professionals
- Capitol Hill.
- Central City.
- East Bench.
- Greater Avenues.
- Sugar House.
- Wasatch Hollow.
- Yalecrest.
Best Suburbs Near Salt Lake City
- West Bountiful. Population: 5,731.
- Centerville. Population: 17,700.
- Farmington. Population: 24,514.
- Draper. Population: 48,319.
- Fruit Heights. Population: 6,234.
- Woods Cross. Population: 11,328.
- North Salt Lake. Population: 20,850.
- Cottonwood Heights. Population: 34,117. Median Home Value: $365,700.
SALT LAKE CITY, Utah (ABC4 News) – In a recent study done by Zumper, Salt Lake City was ranked 48th most expensive city to rent, but several other surrounding cities have higher rental prices. Both are above the national average with Riverton rentals being $1,261 and Herriman's being at $1,246.
Thinking about living in Salt Lake City? With all kinds of safe neighborhoods, outdoor recreation, career opportunities, and kid-friendly activities, SLC is a terrific place to raise a family!
Most Expensive Neighborhoods In Salt Lake City, UT
- Arcadia Heights. Population 841. 33 %
- Wasatch Hollow. Population 3,188. 23 %
- East Bench. Population 8,443. 23 %
- Bonneville Hills. Population 3,489. 22 %
- Greater Avenues. Population 16,047.
- Yalecrest. Population 3,768.
- Sugar House. Population 31,233.
- East Central. Population 20,893.
