Quick facts: Sandy, UT

Quick Facts

105.9
Cost of Living
above US average
93,022
Population
33.91
Crime Rate per 1000
above US average
$108,165
Median Income
above US average
$499,995
Median House Price
above US average
$2060.5
Average Rent
above US average
6%
Poverty Rate
below US average
3.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $108,165.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,995 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $108,165
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Income Needed to Rent

βœ“ Affordable
$88k/year
Based on $2060.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($108,165) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sandy, UT

Sandy, Utah, is a vibrant city located in Salt Lake County, nestled at the base of the Wasatch Mountains. Known for its stunning natural scenery and outdoor recreational opportunities, Sandy offers residents and visitors easy access to skiing, hiking, and mountain biking. The city boasts a population of around 100,000 and is characterized by a suburban atmosphere with a strong sense of community. Sandy features a variety of parks, recreational facilities, and trails, making it an ideal location for families and outdoor enthusiasts. The historic Sandy Arts Guild showcases local art and performances, enriching the cultural landscape of the area. The city is also home to the popular South Towne Center, a large shopping destination that includes a diverse range of shops, dining options, and entertainment. Education is a priority in Sandy, with numerous highly-rated public and private schools, as well as proximity to higher education institutions. The city is conveniently located about 20 miles south of Salt Lake City, providing easy access to urban amenities while maintaining a more relaxed suburban lifestyle. Overall, Sandy, UT, combines natural beauty, community spirit, and modern conveniences.

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