Salt Lake City, UT vs Tooele County, UT
A 2-bedroom in Tooele County costs $506 less per month than Salt Lake City ($1,241 vs $1,747). Median income is $95,045 in Salt Lake City and $101,846 in Tooele County. That's a difference of $6,072 per year in housing costs.
Side-by-Side Comparison
| Metric | Salt Lake City | Tooele County |
|---|---|---|
| Studio FMR | $1,259 | $902 |
| 1BR FMR | $1,456 | $946 |
| 2BR FMR | $1,747 | $1,241 |
| 3BR FMR | $2,333 | $1,667 |
| 4BR FMR | $2,666 | $2,082 |
| Median Income | $95,045 | $101,846 |
| Rent Burden | 22.1% | 14.6% |
| Actual Median Rent | $1,486 | $1,134 |
| Median Home Value | $478,200 | $391,300 |
| Population | 1.3M | 77K |
| Renter % | 32.2% | 17.4% |
| Vacancy Rate | 5.3% | 4.5% |
| Poverty Rate | 8.1% | 4.7% |
| Unemployment | - | 3.7% |
| YoY Change | +8.8% | +10.2% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Tooele County, UT is more affordable with a 2BR FMR of $1,241/mo, which is $506 less than Salt Lake City at $1,747/mo. However, when considering local incomes, Salt Lake City has a rent burden of 22.1% vs 14.6% in Tooele County.
A 2-bedroom in Salt Lake City, UT costs $1,747/mo at Fair Market Rent, while in Tooele County, UT it's $1,241/mo, a difference of $506/mo or $6,072/year.
To afford a 2BR without spending more than 30% of income on rent: Salt Lake City requires $69,880/year ($34/hr). Tooele County requires $49,640/year ($24/hr).