Salt Lake County, Utah: commercial real estate data.
Salt Lake County, Utah had an estimated 1,216,274 residents on July 1, 2024, up 2.6 percent since the 2020 census base of 1,185,234, across 742 square miles. County output reached $153.85 bn in 2024, 35,732 establishments operate here, and the SBA record carries 2,414 7(a) approvals worth $1.38 bn since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Salt Lake County
How many people live in Salt Lake County
- Population, American Community Survey 2020-20241,196,523
- Households426,245
- Average household size2.81
- Median household income$97,494
- Median age34.0
- Median gross rent$1,592 per month
- Median owner-occupied home value$525,700
- Home value to household income5.4 times
- Annual rent as a share of median income19.6 percent
- Adults 25 and over with a bachelor degree or higher39.4 percent
- Adults 25 and over with a graduate degree14.6 percent
- Adults 25 and over775,244
- Population under 18302,331
- Share under 1825.3 percent
- Population 65 and over142,165
- Share 65 and over11.9 percent
- Working age population, 18 to 64752,027
- Civilian labor force670,900
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over75.0 percent
- Rank by population among Utah counties1st of 29
- Rank by population among US county-equivalents, Puerto Rico included37th of 3,222
Salt Lake County is the 1st largest of 29 Utah counties by population. A median home costs 5.4 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 25.3 percent against 11.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Salt Lake County
Is Salt Lake County's population growing?
- Population, July 1, 20241,216,274
- Census 2020 base population1,185,234
- Population change since the 2020 census base2.62 percent
- Population change, 2023 to 202415,730
- Births, 202414,614
- Deaths, 20247,819
- Natural change, 20246,795
- Net domestic migration, 2024-10,002
- Net international migration, 202418,992
- Total net migration, 20248,990
- Cumulative net domestic migration, 2021 to 2024-42,850
- Rank by growth among US county-equivalents978th of 3,144
The county has grown 2.62 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Salt Lake County
Where are people moving to Salt Lake County from?
- Tax returns filed by households arriving27,930
- People arriving, from those returns45,049
- Tax returns filed by households leaving31,139
- Net household movement-3,209
- Adjusted gross income arriving$2.07 bn
- Net adjusted gross income movement$-595.7 m
- Average income of an arriving household$74,026
- Average income of a leaving household$85,527
- Largest single originUtah County (4,477 households)
- Largest single destinationUtah County (5,631 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Utah County | 4,477 | 7,612 | $288.8 m |
| Davis County | 2,341 | 3,834 | $150.4 m |
| Weber County | 918 | 1,471 | $51.1 m |
| Tooele County | 743 | 1,344 | $36.7 m |
| Los Angeles County | 725 | 1,237 | $60.8 m |
| Maricopa County | 579 | 1,003 | $40.1 m |
| Washington County | 557 | 876 | $24.8 m |
| Cache County | 528 | 833 | $24.9 m |
Households arriving report $11,501 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Utah County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Salt Lake County
What is the Salt Lake County economy?
- County GDP, 2024$153.85 bn
- County GDP, 2023$146.46 bn
- GDP change, 2023 to 20245.0 percent
- GDP change over five years43.8 percent
- Rank by GDP among the Utah areas BEA publishes1st of 29
- Rank by GDP among the US county areas BEA publishes28th of 3,127
- GDP per resident$128,578
Output grew 5.0 percent in the latest year and 43.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Salt Lake County
Employment by industry in Salt Lake County
- Covered employment, annual average796,203
- Establishments reporting67,066
- Average annual pay$77,495
- Average weekly wage$1,490
- Health care and social assistance, employment76,844
- Health care and social assistance, average annual pay$64,501
- Professional, scientific and technical services, employment75,877
- Professional, scientific and technical services, average annual pay$119,573
- Retail trade, employment72,710
- Retail trade, average annual pay$49,848
- Manufacturing, employment60,293
- Manufacturing, average annual pay$80,383
- Accommodation and food services, employment57,213
- Construction, employment54,838
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 76,844 | 5,526 | $64,501 |
| Professional, scientific and technical services | 75,877 | 16,162 | $119,573 |
| Retail trade | 72,710 | 4,390 | $49,848 |
| Manufacturing | 60,293 | 2,943 | $80,383 |
| Accommodation and food services | 57,213 | 2,812 | $28,147 |
| Construction | 54,838 | 5,494 | $78,570 |
| Finance and insurance | 51,138 | 4,404 | $111,923 |
| Administrative and support and waste management services | 49,801 | 5,054 | $62,409 |
Health care and social assistance is the largest private sector at 76,844 jobs, 9.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Salt Lake County
How many businesses are in Salt Lake County?
- Establishments, all industries35,732
- Employment at those establishments693,721
- Annual payroll$48.96 bn
- Establishments per 1,000 residents29.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Salt Lake County
Building permits in Salt Lake County
- Housing units authorized by permit, 20244,550
- Declared construction value permitted$1.29 bn
- Single family units authorized2,848
- Multifamily units authorized1,702
- Multifamily share of units37.4 percent
- Average declared value per unit$282,463
- Units authorized per 1,000 households10.7
Single-family homes are 62.6 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Salt Lake County
SBA loans in Salt Lake County (7(a) and 504)
- 7(a) approvals recorded2,414
- 7(a) gross approval dollars$1.38 bn
- Average 7(a) approval$573,030
- Median 7(a) approval$224,350
- 10th percentile approval$25,000
- 90th percentile approval$1,519,370
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)33,921
- Jobs per approval14.1
- Distinct 7(a) lenders active120
- Distinct industries receiving approvals399
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer14.0 percent
- Loans on real estate terms339
- Loans on working capital terms, 120 months or shorter1,948
- Franchise loans277
- Franchise share of approvals11.5 percent
- Leading industry by approval countFull-Service Restaurants (79)
- Most active lenderMountain America FCU (327)
- 504 approvals recorded1,376
- 504 gross approval dollars$1.13 bn
- Average 504 approval$819,435
- Median 504 approval$540,000
- Distinct CDCs active9
- 504 jobs per approval11.4
- 504 jobs per million dollars approved13.9
- Most active CDCMountain West Small Business Finance (1,033)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$2.51 bn
The average approval of $573,030 sits well above the median of $224,350, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 14.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Salt Lake County
SBA loan default and charge-off rates in Salt Lake County
Do SBA loans in Salt Lake County get paid back?
- Loans with a final outcome recorded529
- Paid in full489
- Charged off40
- Charge-off rate on resolved loans7.6 percent
- Status: Paid in full489
- Status: Cancelled262
- Status: Exempt from disclosure1,505
- Status: Charged off40
- Status: Committed, not yet disbursed118
Of the 529 loans that have reached a final outcome, 7.6 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Salt Lake County
SBA lending by place in Salt Lake County
- Borrower cities with recorded lending35
- Salt Lake City, approvals858
- Sandy, approvals239
- West Jordan, approvals201
- South Jordan, approvals190
- Draper, approvals142
- West Valley City, approvals124
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Salt Lake City | 858 | $540,589,000 |
| Sandy | 239 | $109,418,200 |
| West Jordan | 201 | $97,247,600 |
| South Jordan | 190 | $114,386,900 |
| Draper | 142 | $118,039,600 |
| West Valley City | 124 | $91,593,800 |
| Midvale | 118 | $51,498,900 |
| Riverton | 93 | $40,385,000 |
| 27 other borrower cities | 449 | $220,135,100 |
Salt Lake City accounts for 858 approvals against 239 in Sandy. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Salt Lake County
How large is Salt Lake County?
- Land area742 sq mi
- Rank by land area among Utah counties25th of 29
- Width, east to west37.3 mi
- Height, north to south34.8 mi
- Geographies sharing a boundary6
- Residents per square mile of land1,613
- Establishments per square mile48.16
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Salt Lake County
Flood risk in Salt Lake County
- Participation of the county's own NFIP community Salt Lake County, unincorporated areasParticipating, community 490102
- Communities in the county in the NFIP Community Status Book24
- Of those, participating in the NFIP24
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Salt Lake County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Salt Lake County (community 490102), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Salt Lake County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Salt Lake County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Salt Lake County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20241,196,523
- Households426,245
- Average household size2.81
- Median household income$97,494
- Median age34.0
Common questions
Salt Lake County questions, answered from the record.
How many people live in Salt Lake County, Utah?
The Census Bureau estimates 1,216,274 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 1,196,523, in 426,245 households, ranking 1st of 29 Utah counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Salt Lake County's population growing?
The population has grown 2.62 percent since the 2020 census base of 1,185,234, to 1,216,274 on July 1, 2024. In 2024 there were 14,614 births against 7,819 deaths, with net migration of 8,990. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Salt Lake County?
$97,494. The median owner-occupied home is valued at $525,700, which is 5.4 times income, and median gross rent is $1,592 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Salt Lake County?
35,732 establishments, employing 693,721 people with an annual payroll of $48.96 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Salt Lake County?
Health care and social assistance is the largest private sector at 76,844 jobs, 9.7 percent of covered employment. Covered employment averages 796,203 jobs at an average annual pay of $77,495, or $1,490 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Salt Lake County?
2,414 7(a) approvals totaling $1.38 bn since FY2020, across 120 lenders, with a median approval of $224,350, plus 1,376 504 approvals worth $1.13 bn since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Salt Lake County get paid back?
Of the 529 loans that have reached a final outcome, 489 were paid in full and 40 charged off, a charge-off rate of 7.6 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Salt Lake County?
4,550 housing units were authorized by permit in 2024, with a declared construction value of $1.29 bn. Multifamily was 37.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Salt Lake County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Salt Lake County come from?
The largest single origin is Utah County, with 4,477 households. Arriving households report an average income of $74,026 against $85,527 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Salt Lake County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Salt Lake County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Salt Lake County
Cities and places in Salt Lake.
24 Census places lie wholly or partly in Salt Lake County. All 24 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Salt Lake City | city | 208,007 | 858 | Wholly in this county |
| West Valley City | city | 138,437 | 124 | Wholly in this county |
| West Jordan | city | 116,692 | 201 | Wholly in this county |
| Sandy | city | 94,291 | 239 | Wholly in this county |
| South Jordan | city | 82,686 | 190 | Wholly in this county |
| Millcreek | city | 63,648 | 23 | Wholly in this county |
| Herriman | city | 59,346 | 82 | Wholly in this county |
| Taylorsville | city | 58,678 | 47 | Wholly in this county |
| Draper | city | 50,278 | 142 | 77.3 percent here, 22.7 percent Utah County |
| Murray | city | 50,188 | 76 | Wholly in this county |
| Riverton | city | 45,457 | 93 | Wholly in this county |
| Kearns metro township | place | 37,696 | 9 | Wholly in this county |
| Midvale | city | 35,989 | 118 | Wholly in this county |
| Cottonwood Heights | city | 32,828 | 15 | Wholly in this county |
| Holladay | city | 31,099 | 27 | Wholly in this county |
| Magna metro township | place | 30,031 | 26 | Wholly in this county |
| South Salt Lake | city | 26,352 | 79 | Wholly in this county |
| Bluffdale | city | 18,797 | 47 | 93.9 percent here, 6.1 percent Utah County |
| White City metro township | place | 5,669 | None recorded | Wholly in this county |
| Emigration Canyon metro township | place | 1,433 | None recorded | Wholly in this county |
| Copperton metro township | place | 1,060 | None recorded | Wholly in this county |
| Granite | CDP | 908 | None recorded | Wholly in this county |
| Brighton | town | 311 | None recorded | Wholly in this county |
| Alta | town | 284 | None recorded | Wholly in this county |
A further 18 of the county's 2,414 SBA 7(a) approvals are to borrowers in cities that match no Census place in Salt Lake County, the largest being Lehi (2), Ut (1), Arlington (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby