Quick facts: South salt lake, UT

Quick Facts

105.9
Cost of Living
above US average
26,003
Population
84.49
Crime Rate per 1000
above US average
$57,125
Median Income
below US average
$495,000
Median House Price
above US average
$1648.82
Average Rent
above US average
10%
Poverty Rate
below US average
4.4%
Unemployment Rate
above 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 $57,125.

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Income Needed to Buy

βœ— Stretch
$155k/year
Based on $495,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $155k vs median $57,125
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Income Needed to Rent

⚠ Stretch
$71k/year
Based on $1648.82/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $71k vs median $57,125
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South salt lake, UT

South Salt Lake is a vibrant city located in Salt Lake County, Utah. Nestled just south of Salt Lake City, it features a mix of residential, commercial, and industrial areas. With a population of approximately 25,000 residents, South Salt Lake boasts a diverse community and a rich cultural landscape. The city is known for its close-knit neighborhoods and family-oriented atmosphere. One of its highlights is the South Salt Lake Community Center, which offers numerous recreational activities and programs for all ages. Outdoor enthusiasts can enjoy various parks, including the popular Fitts Park, which features sports fields, playgrounds, and picnic areas. South Salt Lake is strategically located with easy access to major highways, making it convenient for commuting to nearby employment centers. Public transportation options are also available, including light rail services that connect residents to the greater Salt Lake City area. The city’s burgeoning art scene is reflected in local galleries and events. Additionally, South Salt Lake hosts several annual events, fostering community spirit and engagement. Overall, South Salt Lake offers a balance of urban amenities and a friendly, residential feel.

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