Why is Everyone Moving To Utah? (2024)

Recently you might have heard stirrings that Utah is seeing a big increase in migration from all over the country. Tied to this influx of newcomers, the Utah real estate market has seen remarkable appreciation rates in home prices. We aim to show you what is driving people to move to Utah. There’s a tendency to overblow how fast Utah’s population is increasing, but even the true growth rate is worth paying attention to.

Is Utah Seeing A Population Boom?

Why is Everyone Moving To Utah? (1)

Yes, but this is far from new. For the last twenty years or so Utah has been one of the fastest-growing states in the country due in large part to its residents’ fertility. Between 2014 and 2018 Utah saw a big in-migration spike, with a net migration of nearly 30,000 at its height. Though a good deal of this incoming population came from California (16%), Utah was low on the list of states that Californians moved to during this time.

It’s hard to find reliable, up-to-date information on domestic migration, but it’s safe to say that Utah’s population is still growing faster than almost anywhere else in the U.S., with a population growth rate of 1.7%, lower only than Idaho. While plenty of people are moving into Utah, fewer people are moving out. Starting around 2020, less Utahns left their state for greener pastures than in previous years. This dip in out-migration, which would normally counteract the increase in-migration, has led Utah’s population to grow faster than it has in the past. So what effect is this population boom having on real estate in Utah?

The Effect of the Population Boom on Utah Real Estate

Why is Everyone Moving To Utah? (2)

Home prices have appreciated year over year to the point that the median price for a single-family home in the state of Utah is $580K, over a 23% increase from the previous year. Real estate in Salt Lake City, Provo, and Ogden has similarly appreciated in value, with the median price for a single-family home for sale in Salt Lake City now well past $500K. Utah is not alone in this phenomenon. Other western states like Idaho, Colorado, and Oregon are contenders for the highest median home values in the U.S, just behind states like Hawaii and California.

We should quickly dwell on the supply side of why Utah real estate is booming. For one thing, there are just barely enough houses at the moment to meet demand. That’s true for almost any hot market. What’s interesting in Utah’s case is the state is geographically limited in terms of real estate. Salt Lake City and its suburbs form the core of the state’s population. Chances are, if you’re moving to Utah, you’re moving to Salt Lake City or somewhere near it. Utah has a problem with spreading out its population due to the inhospitable nature of much of its territory.

So what is bringing people to Utah?

Why is Everyone Moving To Utah? (3)

Jobs, affordability, and quality of life are the top reasons why everyone is moving to Utah. According to the world population index, Utah ranks in the middle of affordability of U.S. states. The state economy is a major factor in bringing in newcomers. Utah’s economy consistently ranks among the best in the nation. Many big tech companies like Microsoft, Meta, Adobe, Overstock.com, and more have offices in Salt Lake City, drawing in talent from all over the country. Besides these high-paying jobs in the ever-expanding tech industry, expanding access to high-speed internet around Salt Lake City is bringing in migrants from all walks of life. Though most make the move to Utah for their jobs, they soon discover one more key factor for what makes this state so attractive.

The quality of life in Utah is among the best in the country. The world population review ranks Utah third in the top U.S. states in terms of quality of life. This quality stems from low unemployment (around 2%), great healthcare (rated third in the country), and unparalleled access to national and state parks. Utah is home to five national parks and 43 state parks, many of which are right around Salt Lake City. Lots of people moving to Utah consider the statewide scenery and abundant natural beauty to be just as enticing and attractive as the strong economy and moderate cost of living.

A state that attracts tech professionals and devotees of the outdoors is bound to be popular. Utah fits that bill, and it should come as no surprise that so many people are moving out there. If you think there’s a home for sale in Salt Lake for you, get in touch with one of our real estate agents and start looking today. Check out the 12 questions to ask before hiring a real estate agent so you can pick the right agent for you.

Why is Everyone Moving To Utah? (2024)

FAQs

Why is Everyone Moving To Utah? ›

Jobs, affordability, and quality of life are the top reasons why everyone is moving to Utah. According to the world population index, Utah ranks in the middle of affordability of U.S. states. The state economy is a major factor in bringing in newcomers. Utah's economy consistently ranks among the best in the nation.

Why are more people moving to Utah? ›

In 2023, the Utah population grew by 52,664 people, an annual growth rate of 1.69%. The state's population has registered an increase every year since 2012. More and more Americans annually leave their former places of residence, moving to Utah, because this is one of the most cozy and comfortable states in the USA.

Why is Utah becoming popular? ›

It is also one of three states that has access to Google Fiber and an increasingly strong presence in the tech industry. Things are coming up Utah. The fundamentals driving this growth are Utah's booming economy, low unemployment, and a very affordable quality of life.

What are the disadvantages of living in Utah? ›

Cons of Living in Utah
  • Weather. The southern half of the state is called the high desert, and in summer it can get very hot. ...
  • High taxes. Businesses get tax breaks, and that helps the economy. ...
  • Not much diversity. ...
  • Housing costs. ...
  • Remote areas. ...
  • Outdated alcohol laws. ...
  • Fast drivers. ...
  • Public transportation.

Where are all the people moving to Utah coming from? ›

Clark County in Nevada and Maricopa County in Arizona – homes to Las Vegas and Phoenix, respectively – are the top two counties to send new residents to Utah. Based on U.S. Census Bureau data from 2015 to 2019, Clark County has sent 3,916 annual migrants to the Beehive State while Maricopa County has sent 3,730.

Is it expensive to live in Utah? ›

Average Cost of Living in Utah: $42,653 per year

Get ready to tap your savings or earn quite a bit, as Utah has the 30th lowest cost of living across the United States, according to MERIC's 2022 Cost of Living Index data gathered in 2022.

Is Utah a good place to live if you are not Mormon? ›

Obviously, there are lots of scenic and recreational opportunities in the state. But without Mormons, there would be no Utah, and the I-15 corridor would be a string of mediocre communities. Utah is a thriving region for education and the arts because of its people. This dynamic is a real boon for us Gentiles.

Why are people in Utah so happy? ›

So what contributes to this happiness? Is it the mountain views? The fry sauce? According to WalletHub, Utah was ranked the highest for sports participation, volunteer rates, fewest work hours, lowest divorce rate and the overall safest state.

How is there so much money in Utah? ›

The economy of Utah is a diversified economy covering industries such as tourism, mining, agriculture, manufacturing, information technology, finance, and petroleum production. The majority of Utah's gross state product is produced along the Wasatch Front, containing the state capital Salt Lake City.

Is Utah a happy place to live? ›

A year after being named the happiest state in the U.S., Utah has dropped from the top spot in 2022. According to the newest WalletHub rankings, Utah is now the fourth happiest state in the country... and we're not happy about it.

How much money do you need to live comfortably in Utah? ›

How much money do you need to live comfortably in Utah? According to one estimate, you'll need somewhere between $43,000 and $66,000 per year. This criteria is based on the needs for housing, food, transportation, health care and taxes. Here's all that in context for those living in Utah.

Why is it so cheap to live in Utah? ›

Utah is known for its scenic beauty, and it might seem that it's one of the most expensive places to live in the country. However, this outdoor adventure paradise is actually cheaper than many states in the US. With low energy prices, property taxes, and a low utility index score, Utah has plenty to boast about.

Who mostly lives in Utah? ›

Download Table Data
RacePopulationPercentage (of total)
White2,682,88185.14%
Other race160,7865.1%
Two or more races133,6514.24%
Asian73,1902.32%
3 more rows

What is the fastest growing town in Utah? ›

Utah's fastest-growing large cities
  • Lehi:4,456 added residents (5.6% growth)
  • South Jordan:3,411 residents (4.3%)
  • George:2,339 residents (2.3%)
  • Herriman:1,024 residents (1.8%)
  • Salt Lake City:3,492 residents (1.7%)
May 19, 2023

Are more people moving in or out of Utah? ›

SALT LAKE CITY — Utah was the fastest-growing state between the 2010 and 2020 censuses largely because more people moved into the state than out of it.

Is it cheaper to live in Texas or Utah? ›

Costs of Living in Utah vs Texas

Texas is estimated to be up to be more than 1.5% more expensive to live in than Utah. Childcare is 7.5% more expensive in Texas, and sports and entertainment eat more out of your pocket than they do in Utah.

What state has the lowest cost of living? ›

Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi's housing costs are the lowest in the nation.

Is it cheaper to live in Florida or Utah? ›

Florida. Florida is 15.3% cheaper than Salt Lake City, Utah, and the biggest factor in that difference is the median home cost. The median home cost is 43% cheaper in Orlando than Salt Lake City. Grocery prices are steep in Florida, and in Miami specifically groceries are more expensive than the national average.

What percentage of Utah is Mormon? ›

The Mormon population in the United States varies greatly from state to state. Utah has the highest concentration of Mormon adherents, with 66% of the population identifying as members of The Church of Jesus Christ of Latter-day Saints.

What is the cheapest city to live in in Utah? ›

Cheapest Places to Live in Utah
  • Vernal. The cheapest place to live in Utah is Vernal. ...
  • Roosevelt. Roosevelt is the second most affordable place to live in Utah. ...
  • Sunset. Situated just north of Salt Lake City is Sunset, another of Utah's cheapest places to live. ...
  • Washington Terrace. ...
  • Cedar City. ...
  • Tremonton. ...
  • Brigham City. ...
  • Tooele.
Jan 19, 2023

What do Mormons call non Mormons? ›

In the terminology of the Church of Jesus Christ of Latter-day Saints (LDS Church), the word "gentile" can be used to refer to people who are not members of the LDS Church, since members regard themselves as regathered Israelites.

What is the happiest city in Utah? ›

Provo has been ranked #2 most happiest city and #4 most smiliest city in America! Instagram can tell you what's new, what's cool, and what's for dinner.

What is the happiest state to live in? ›

Massachusetts: “The Happiest State in the U.S.”

Our research studies reveal that the state of Massachusetts topped the rankings for 3 of our categories: Well-being, Mental Health, and Family, and featured in the top 11 states for three more: Health Care, Financial Security, and Work.

What is upper class salary in Utah? ›

As of Jun 4, 2023, the average annual pay for the Upper Class jobs category in Utah is $49,812 a year. Just in case you need a simple salary calculator, that works out to be approximately $23.95 an hour. This is the equivalent of $957/week or $4,151/month.

What billionaire lives in Utah? ›

| Nov. 16, 2021, 7:00 a.m. With a net worth pegged at $5.7 billion, Utah native Jeff T. Green is now believed to be the wealthiest person who hails from the Beehive State.

What millionaires live in Utah? ›

Richest billionaires in Utah
  • #6. Scott Smith. - Net worth: $1.0 billion (#2,420 wealthiest in the world) ...
  • #5. Jared Smith. - Net worth: $1.4 billion (#2,019 wealthiest in the world) ...
  • #4. Scott Watterson. - Net worth: $1.6 billion (#1,795 wealthiest in the world) ...
  • #3. Ryan Smith. ...
  • #2. Matthew Prince. ...
  • #1. Gail Miller.

What part of Utah is best to live in? ›

2023 Complete Guide — Best Places to Live in Utah
  • Sandy.
  • Lehi.
  • American Fork.
  • Park City.
  • Provo.
  • Ogden.
  • St. George.
  • Orem.
Jan 18, 2019

Is it smart to move to Utah? ›

Is Utah a good place to live? Yes, based on the great job market, stellar economy, and amazing access to nature/recreation, Utah is among the best places to live in the US.

What is the quality of life in Utah? ›

KEY FINDINGS OF THIS REPORT

Utahns' personal quality of life declined from an Index score of 82 in 2018 to 76 in 2022. All seven factors in the Personal Quality of Life Index decreased from 2018 to 2022.

What is the middle class income in Utah? ›

Pew explains that a middle income equals an annual household income of $52,000 to $156,000 for a family of three, based on 2020 dollars.

What is the average hourly wage in Utah? ›

The average hourly wage in Utah is $21.66 according to the Bureau of Labor Statistics. However, this can vary depending on the specific industry and occupation.

Is Utah a friendly state? ›

According to the study, Utah was the 15th most family-friend state. The Beehive State has the lowest divorce rate but ranked as 33rd for affordability. Additionally, Utah was found to be the state with the most young families. In 2022, Deseret News reported that Utah was the 13th best state to raise a family.

What is colder Utah or Colorado? ›

Utah is also quite a bit warmer than Colorado. So it's a better state to visit in the fall and spring, before it gets too hot to enjoy. It also has some incredible state and national parks, and towns.

What makes Utah snow so different? ›

Utah is one of the driest states in the country, and by the time the storms get to the Wasatch Range, the snow tends to have a low moisture content. The cold, dry conditions and high altitude allow the snow crystals to have a structure that makes Utah snow unique.

Is Utah more humid than Colorado? ›

New Mexico - 45.9% Utah - 51.7% Colorado - 54.1%

What is the average electric bill in Utah? ›

Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Utah, the average monthly electric bill for residential customers is $112/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 919 kWh * 12 ¢/kWh.

Where is the safest place to live in Utah? ›

10 Safest Cities in Utah
  • Mapleton. Mapleton is a town of about 11,000, 25 miles south of Salt Lake City in the northwest corner of the state. ...
  • Farmington. Farmington is a city of 25,000 people just to the north of Salt Lake City. ...
  • Kaysville. ...
  • Syracuse. ...
  • Price, Utah. ...
  • Santaquin. ...
  • Herriman. ...
  • Bountiful.

Where is the cheapest and safest place to live in America? ›

Augusta, a small city near Georgia's border with South Carolina, is one of the cheapest and safest places to live in the USA. It has a low crime rate and a low cost of living, making it perfect for those looking to live comfortably and save money. Augusta is just 2 hours from Atlanta, an exciting city.

What is causing growth in Utah? ›

In 2022 alone, there was a 1.25% growth, with the state population totaling just over 3.4 million. According to Steve Bannister, an associate professor of economics at the University of Utah, this population growth is happening for two reasons: migration from other states and the high birth rate in Utah.

Why are so many Mormons moving to Utah? ›

The Mormons, as they were commonly known, had moved west to escape religious discrimination. After the murder of founder and prophet Joseph Smith, they knew they had to leave their old settlement in Illinois. Many Mormons died in the cold, harsh winter months as they made their way over the Rocky Mountains to Utah.

Why is Utah's economy growing so fast? ›

Utah is one of the fastest-growing states in the nation, and there are key reasons for this migration—namely quality of life benefits, such as the abundance of outdoor recreation opportunities, strength in public and private partnerships, and mobility of jobs—all of which are crucial to the state's economic strength.

What is Utah's biggest source of income? ›

Major industries of Utah include: coal mining, cattle ranching, salt production, and government services.

Why is Utah so overpriced? ›

Why Are Home Prices So High in Utah? Utah boasts the nation's strongest pace of job growth, along with rock-bottom unemployment, ultra-low mortgage rates, few mortgage delinquencies, and low state and local taxes.

What is the fastest-growing city in the US? ›

The Villages, FL metro area was the fastest-growing U.S. metro area between 2021 and 2022, increasing by 7.5%.

What percent of Utah is Mormon? ›

The Mormon population in the United States varies greatly from state to state. Utah has the highest concentration of Mormon adherents, with 66% of the population identifying as members of The Church of Jesus Christ of Latter-day Saints.

What is the main religion in Utah? ›

The majority of Utah residents are members of The Church of Jesus Christ Latter-day Saints and there are other flourishing religious communities as well. Here's a brief look into the religious landscape of Utah.

Which state has the most Mormons? ›

The center of Mormon cultural influence is in Utah, and North America has more Mormons than any other continent, although about half of Mormons live outside the United States. As of December 31, 2021, the LDS Church reported a membership of 16,805,400.

Why is inflation so bad in Utah? ›

Strong population and job growth are also factors in Utah's high inflation rate. If people are holding their breath, hoping that housing and rental prices will go down – Baker said that's not likely.

Why is inflation worse in Utah? ›

Utah's labor shortage has put upward pressure on wage rates.

Since labor costs account for approximately two-thirds of the total cost of private businesses, rising wage costs produce cost-push inflation and higher prices for products and services.

What is the fastest-growing state in the United States? ›

Florida is the fastest-growing state in America for the first time since 1957, according to the U.S. Census Bureau. The population in the southeastern state, which is known for its warm weather and sandy beaches, now tops 22 million.

What is the #1 state people are moving out of? ›

Top states residents are leaving

The annual 2022 United Van Lines National Movers study is out! But it wasn't good news for New Jersey or New York. A similar report from United Van Lines showed New Jersey as the top outbound state, followed by Illinois, New York, Michigan, and Wyoming.

Is homelessness in Utah increasing? ›

Context: Utah is facing a shortage of nearly 41,000 affordable and available rental units, per the National Low Income Housing Coalition. Between 2020 and 2021, the number of Utahns experiencing homelessness for the first time increased by 14%, per a report from the state Department of Workforce Services.

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