Mortgage Affordability Calculator for Salt Lake City, UT
Updated 2026 · Local data pre-filled
In Salt Lake City, the median household income is $77,200 per year, while the median home costs $485,000. The price-to-income ratio is 6.3x — a stretch in this competitive market. Use this calculator to determine what you can comfortably afford based on your income.
✓ Calculator below is pre-filled with Salt Lake City local data
How Salt Lake City Compares to the National Average
Understanding how Salt Lake City stacks up helps you calibrate your financial planning.
| Metric | Salt Lake City, UT | US Average | Difference |
|---|---|---|---|
| Median Home Price | $485,000 | $420,800 | +15.3% |
| Median Monthly Rent | $1,149 | $1,713 | -32.9% |
| Median Household Income | $77,200 | $74,580 | +3.5% |
| Property Tax Rate | 0.53% | 1.10% | -51.8% |
| Cost of Living Index | 111 | 100 | +11.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Salt Lake City Financial Snapshot
- Population (Metro)
- 1,270,000
- Unemployment
- 2.8%
- Avg Commute
- 23 min
- Median Age
- 32.2
- Price-to-Rent Ratio
- 35.2x
- Annual Property Tax
- $2,571
Mortgage Affordability Calculator in Other Utah Cities
Frequently Asked Questions — Salt Lake City
What is the median home price in Salt Lake City, UT?
The median home price in Salt Lake City is $485,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Salt Lake City?
Median monthly rent in Salt Lake City is $1,149. That works out to $13,788/year, or 18% of the median household income — within the commonly recommended 30% of income guideline.
Is Salt Lake City affordable?
Salt Lake City's cost of living index is 111 vs. the national average of 100. With a median household income of $77,200/year and a median home price of $485,000, the price-to-income ratio is 6.3x. This makes homeownership a significant stretch for the typical Salt Lake City household.
What is the property tax rate in Salt Lake City?
The effective property tax rate in Salt Lake City is 0.53% of assessed value. On the median home of $485,000, that's roughly $2,571/year ($214/month).