Official Federal Data
Salt Lake County, Utah
FIPS 49035 · Salt Lake City-Murray, UT · Population 1,196,523
9 Sources
Updated June 22, 2026
$97,494 ▲
Median Income
$80,734 national
3.6% ▲
Unemployment
4% national
$153.8B ▲
GDP
39.4% ▲
Bachelor's+
35.7% national
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$97,494 ▲
Per Capita
$45,106 ▲
Mean Household
$124,982 ▲
Poverty Rate
8.1% ▼
Median Income Comparison
Salt Lake County$97,494
Utah$95,166
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 25.3%
18-34 · 26.4%
35-54 · 26.7%
55-64 · 9.8%
65+ · 11.9%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
91.9%
High School+
National: 89.6%
▲ +2.3 pts
39.4%
Bachelor's+
National: 35.7%
▲ +3.7 pts
14.6%
Graduate+
National: 14.1%
▲ +0.5 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
1,196,523
Population
671,909
Labor Force
Employed
645,291
Unemployment Rate BLS LAUS 2025 annual
3.6% ▲ +0.3 pts YoY
Mean Commute 4 min below national avg
22.3 min
Work From Home vs 15.1% national
19.7%
Key Takeaways
- Income premium: Households earn well above the national median, supporting strong retail and housing markets.
- Young population: Median age of 34 is materially below the U.S. norm, a workforce pipeline asset.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Health Care and Social Assistance employs 79,223 workers (13.5% of tracked sectors), at an average wage of $65,329.
- Economic scale: Regional GDP of $153.8B (2024).
- Wage stratification: Professional, Scientific, and Technical Services averages $124,831 while Accommodation and Food Services averages $29,050, a 4.3x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Finance & Insurance Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
27,084
Cluster Employment
7.27x
Peak LQ
Concentrated Sub-Sectors
Funds, Trusts, and Other Financial Vehicles
7.27x 1,274
Miscellaneous Manufacturing
3.62x 11,461
Air Transportation
2.67x 7,936
Mining (except Oil and Gas)
2.26x 2,208
Motion Picture and Sound Recording Industries
2.23x 4,175
Publishing Industries and Telecommunications
2.21x 10,272
Couriers and Messengers
2.06x 12,014
Computing Infrastructure Providers and Data Processing
1.94x 4,864
Credit Intermediation and Related Activities
1.94x 25,810
Wholesale Trade Agents and Brokers
1.86x 4,292
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.09x
Crop Production
247 employed
0.15x
Animal Production and Aquaculture
206 employed
0.20x
Oil and Gas Extraction
120 employed
0.23x
Transit and Ground Passenger Transportation
688 employed
0.25x
Textile Mills
105 employed
0.43x
Social Assistance
11,142 employed
0.45x
Transportation Equipment Manufacturing
4,055 employed
Key Takeaways
- Top specialization: Funds, Trusts, and Other Financial Vehicles concentrates at 7.27x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
- Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$525,700 ▲
Median Home Value vs 2019
$1,592 ▲
Rent/Mo
66.1% ▼
Owner-Occ
5.2% ▼
Vacancy
5.4x
Home Value to Income Ratio - Stretched
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,259/mo
1 Bedroom
$1,456/mo
2 Bedroom
$1,747/mo
3 Bedroom
$2,333/mo
4 Bedroom
$2,666/mo
30% of monthly median household income (~$2,437/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- Stretched market: Home value to income ratio of 5.4x is well above the ~4.1x national average; attainable workforce housing may be a recruitment friction.
- Affordable rent tiers: 4 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,437/mo).
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
752,027 ▲
Working Age (18-64) vs 2019
Mean Commute 4 min below national avg
22.3 min
Work From Home vs 15.1% national
19.7%
Prime-Age Employed (25-54)
84.6%
of prime-age population
▲ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
39.4% ▲
HS Diploma+
91.9% ▲
Regional / Statewide Institutions
Total credentials awarded
89,687/yr
43,908/yr
15,351/yr
9,223/yr
7,920/yr
6,665/yr
6,620/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
15.6%
55-64 of working-age population (18-64)
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
44.4%
Service
13.3%
Sales & Office
21.4%
Construction / Maint.
8.2%
Production / Transport
12.7%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 645,291 employed workers.
Key Takeaways
- Strong participation: 75.1% labor force participation among working-age residents indicates an engaged, available workforce.
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 68,482 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Salt Lake County shows strong potential for funds, trusts, and other financial vehicles attraction, with a 7.27x concentration and 1,274 jobs in this sub-sector. It ranks in the top decile nationally.
The interconnected base across funds, trusts, and other financial vehicles, miscellaneous manufacturing, and air transportation creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Salt Lake County, Utah, from federal data sources.
What is the population of Salt Lake County, Utah?
1,196,523 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Salt Lake County, Utah?
$97,494 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Salt Lake County, Utah?
3.6% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Salt Lake County, Utah?
$153.8B (U.S. Bureau of Economic Analysis, CAGDP1).
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