With a population of 1,095,103 people, which includes 359,860 households, Salt Lake City happens to be a nice little chunk of the globe. It covers a total area of 110.4 square miles of which 109.1 square miles is covered by land and 1 .5 square miles by water. The population is made up of 75.1% Whites, 2 .7% African Americans, 17% Hispanics or Latinos, and 5.2% other races. The business presence adds a bit of corporate luxury with the headquarters of Huntsman Corporation, Zions Bancorporation, and other well-known companies calling Salt Lake City home. Education is on the horizon with three school districts and two higher education institutions. Salt Lake City is commonly referred to as The Crossroads of the West.
Events & Attractions
Salt Lake City offers a bit of diversity in the area of local attractions and happenings. There are several events and fine attractions around the city to keep you entertained. Start with the Annual Salt Lake Jazz Festival that is enjoyed by many. The Gay Pride Festival always welcomes large crowds, and music lovers appreciate the Utah Symphony. The Hogle Zoo, Gallivan Events, and the Children’s Theater of Salt Lake are famous around the city. The Rose Wagner Performing Arts Center presents a very nice option for an evening out, as well as the Twilight Concert Series.
The Streets of Salt Lake City
The per capita income of the area is $25,404 compared to the U.S. residential average of $27,466 and an average household income of $58,885 versus the U.S. residential average of $52,175. There is an average home value of $234,700 in Salt Lake City with 33.5% of all houses valued at $300,000 or greater, while 30.1% of Salt Lake City rent compared to the 69.9% who own their homes. In 2012, monthly rental rates were at about $783 for single-family homes and $682 for a one bedroom apartment. A portion of the residents pay more than 30% of their annual income in rent. The vacancy rate of rentals is about 5% there, and the rent to price ratio in Salt Lake City is 0.3%. Furthermore, 89% of Salt Lake City residents have their high school diploma, and at 30% of them have at least a four-year degree. There is a median age of 30.7 years old in Salt Lake City.
Salt Lake City is the perfect place for personal growth and family enjoyment. Real Property Management Utah County values the contribution of a small town. Here are important Salt Lake City Community, rental facts and statistics property Investors should know to truly find success in property management business.
