Places/UT/Salt Lake County, UT
County profile

Salt Lake County, UT

United States · GDP 2024
#28 of 3,127 US counties by GDP58th-percentile growthmore diversified than 99% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$153.8B
BEA · 2024
GDP growth (YoY)
+5.0%
BEA · 2024
Jobs tracked
693,721
Census CBP · 2023
Employers
35,732
Census CBP · 2023
Avg. wage
$73.7k
BLS QCEW · 2023
Population
1,220,916
Census PEP · 2025
Labor, income & education
Unemployment
3.6%
Median HH income
$97.5k±$1.3k
Bachelor's degree+
39.4%
Poverty rate
8.1%±0.4%
Business applications
26,549 · 2025
Retail establishments
3,495
28.7/10k pop
Industry mix · employment
Health care21%
Retail trade19%
Manufacturing16%
Professional services15%
Food & accommodation15%
Finance & insurance14%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
1,220,916
residents · 2025 · +2.9% since 2020
Income per capita $75.4k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration50,985
International migration+50,526
Natural change+34,412

GDP trend

20192024 · nominal
$106.1B
2019
$107.0B
2020
$120.8B
2021
$135.4B
2022
$146.5B
2023
$153.8B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$525.7k±$5.4k
Median gross rent
$1.6k/mo±$16/mo
Vacancy rate
5.2%±0.3%
Affordability
7.1× wages
Residential permits
$2.0B
7,179 units · 5.9/1k pop
FEMA risk score
98.6
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Earthquake 100Avalanche 99Winter weather 99
FHFA HOUSE PRICE INDEX · 20162025
737
2016
805
2017
878
2018
942
2019
994
2020
1173
2021
1400
2022
1407
2023
1464
2024
1502
2025
RESIDENTIAL PERMITS · 20212025
-33% since 2021
10,649
2021
9,375
2022
8,315
2023
4,550
2024
7,179
2025

Transport access

BTS · FAA · USACE
Nearest interstate
1.9 km
I-15
Nearest freight rail
2.3 km
UP
Nearest port
759.1 km
LEWISTON IDAHO
Nearest commercial airport
14.1 km
SALT LAKE CITY INTL
Wage trend
BLS QCEW · 20192023
$73.7k
avg. annual pay · +28% since 2019
Nearby & same-state counties
by GDP rank
Utah$47.9BDavis$23.3BWeber$18.1B
The read

What is the GDP of Salt Lake?

Salt Lake's economy produced $153.8B in 2024, growing 5.0% year over yearabout the middle of the pack among US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.