| Salt Lake City, UT | |
|---|---|
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| State | Utah |
| Population | 197,756 |
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In comparison to nearby areas, Salt Lake City is a bit more expensive, and it is substantially more expensive compared to the United States as a whole.
The median home in Salt Lake City costs $314,500. It is approximately $31,200 (11%) higher in comparison to nearby areas.In comparison to the US as a whole it is about $97,000 (44%) higher.
The median rent in Salt Lake City is $985 a month. In comparison to nearby areas this is about $119 (10%) lower.It is about $77 (7%) lower in comparison to the rest of the country.
North Salt Lake is Salt Lake City's neighbor to the north. Real estate prices there are pretty similar. The median home value in North Salt Lake is $303,200, which comes out to $11,300 (3%) lower than Salt Lake City. Rents there are somewhat more expensive. The median monthly rent in North Salt Lake is $1,158, which is $173 (14%) higher than Salt Lake City.
South Salt Lake is Salt Lake City's neighbor to the south. Its real estate prices are a lot less expensive. The price of the median home in South Salt Lake is $226,000, which comes out to $88,500 (39%) lower than Salt Lake City. The rent there is a little less expensive. In South Salt Lake the median rent is $908 per month, which comes out to $77 (8%) lower than Salt Lake City.
West Valley City is Salt Lake City's neighbor to the southwest. The housing prices there are significantly less expensive. The price of the median home in West Valley City is $219,500, which comes out to $95,000 (43%) lower than Salt Lake City. The rent there is a bit more expensive. West Valley City's median rent is $1,126 per month, which comes out to $141 (12%) higher than Salt Lake City.
Millcreek is Salt Lake City's neighbor to the southeast. Its real estate prices are a bit more expensive. The median home in Millcreek is valued at $366,100, which works out to $51,600 (14%) higher than Salt Lake City. Rent there is a little more expensive. In Millcreek the median rent is $1,120 a month, which works out to $135 (12%) higher than Salt Lake City.
Woods Cross is approximately 6 miles north from Salt Lake City. Housing prices there are a little less expensive. The median home value in Woods Cross is $268,700, which comes out to $45,800 (17%) lower than Salt Lake City. The rent there is a little more expensive. In Woods Cross the median rent is $1,243 a month, which comes out to $258 (20%) higher than Salt Lake City.
Bountiful is about 6 miles northeast of Salt Lake City. Its real estate prices are similar. The value of the median home in Bountiful is $316,300, which is very similar to Salt Lake City. Rent there is somewhat more expensive. Bountiful's median monthly rent is $1,071, which comes out to $86 (8%) higher than Salt Lake City.