Utah County, Utah: commercial real estate data.
Utah County, Utah had an estimated 747,234 residents on July 1, 2024, up 13.3 percent since the 2020 census base of 659,397, across 2,003 square miles. County output reached $47.94 bn in 2024, 17,568 establishments operate here, and the SBA record carries 1,445 7(a) approvals worth $744.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Utah County
How many people live in Utah County
- Population, American Community Survey 2020-2024705,400
- Households203,018
- Average household size3.47
- Median household income$100,671
- Median age25.8
- Median gross rent$1,541 per month
- Median owner-occupied home value$538,700
- Home value to household income5.4 times
- Annual rent as a share of median income18.4 percent
- Adults 25 and over with a bachelor degree or higher44.4 percent
- Adults 25 and over with a graduate degree13.7 percent
- Adults 25 and over363,946
- Population under 18222,988
- Share under 1831.6 percent
- Population 65 and over55,686
- Share 65 and over7.9 percent
- Working age population, 18 to 64426,726
- Civilian labor force363,771
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over75.4 percent
- Rank by population among Utah counties2nd of 29
- Rank by population among US county-equivalents, Puerto Rico included96th of 3,222
Utah County is the 2nd 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 31.6 percent against 7.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Utah County
Is Utah County's population growing?
- Population, July 1, 2024747,234
- Census 2020 base population659,397
- Population change since the 2020 census base13.32 percent
- Population change, 2023 to 202421,875
- Births, 202412,008
- Deaths, 20243,284
- Natural change, 20248,724
- Net domestic migration, 20245,031
- Net international migration, 20248,054
- Total net migration, 202413,085
- Cumulative net domestic migration, 2021 to 202430,227
- Rank by growth among US county-equivalents82nd of 3,144
The county has grown 13.32 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.
Utah County
Where are people moving to Utah County from?
- Tax returns filed by households arriving17,292
- People arriving, from those returns35,817
- Tax returns filed by households leaving16,092
- Net household movement1,200
- Adjusted gross income arriving$1.54 bn
- Net adjusted gross income movement$328.4 m
- Average income of an arriving household$88,791
- Average income of a leaving household$75,002
- Largest single originSalt Lake County (5,631 households)
- Largest single destinationSalt Lake County (4,477 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Salt Lake County | 5,631 | 11,726 | $490.6 m |
| Davis County | 753 | 1,569 | $48.7 m |
| Maricopa County | 525 | 1,049 | $38.2 m |
| Washington County | 471 | 928 | $29.1 m |
| Clark County | 354 | 723 | $23.4 m |
| Los Angeles County | 319 | 640 | $25.9 m |
| Madison County | 242 | 438 | $7.2 m |
| Cache County | 242 | 447 | $13.5 m |
Households arriving report $13,789 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Salt Lake 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.
Utah County
What is the Utah County economy?
- County GDP, 2024$47.94 bn
- County GDP, 2023$43.85 bn
- GDP change, 2023 to 20249.3 percent
- GDP change over five years46.4 percent
- Rank by GDP among the Utah areas BEA publishes2nd of 29
- Rank by GDP among the US county areas BEA publishes123rd of 3,127
- GDP per resident$67,966
Output grew 9.3 percent in the latest year and 46.4 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.
Utah County
Employment by industry in Utah County
- Covered employment, annual average295,152
- Establishments reporting22,527
- Average annual pay$62,648
- Average weekly wage$1,205
- Health care and social assistance, employment38,035
- Health care and social assistance, average annual pay$50,663
- Retail trade, employment33,782
- Retail trade, average annual pay$41,571
- Construction, employment30,256
- Construction, average annual pay$68,326
- Professional, scientific and technical services, employment25,613
- Professional, scientific and technical services, average annual pay$110,094
- Accommodation and food services, employment23,940
- Manufacturing, employment23,681
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 38,035 | 2,651 | $50,663 |
| Retail trade | 33,782 | 2,120 | $41,571 |
| Construction | 30,256 | 2,875 | $68,326 |
| Professional, scientific and technical services | 25,613 | 4,136 | $110,094 |
| Accommodation and food services | 23,940 | 1,167 | $21,331 |
| Manufacturing | 23,681 | 860 | $68,948 |
| Administrative and support and waste management services | 17,149 | 1,276 | $51,628 |
| Educational services | 14,024 | 472 | $65,018 |
Health care and social assistance is the largest private sector at 38,035 jobs, 12.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Utah County
How many businesses are in Utah County?
- Establishments, all industries17,568
- Employment at those establishments274,566
- Annual payroll$15.32 bn
- Establishments per 1,000 residents24.9
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.
Utah County
Building permits in Utah County
- Housing units authorized by permit, 20246,321
- Declared construction value permitted$1.93 bn
- Single family units authorized5,174
- Multifamily units authorized1,147
- Multifamily share of units18.1 percent
- Average declared value per unit$305,801
- Units authorized per 1,000 households31.1
Single-family homes are 81.9 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Utah County
SBA loans in Utah County (7(a) and 504)
- 7(a) approvals recorded1,445
- 7(a) gross approval dollars$744.7 m
- Average 7(a) approval$515,358
- Median 7(a) approval$237,100
- 10th percentile approval$30,000
- 90th percentile approval$1,269,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)18,769
- Jobs per approval13.0
- Distinct 7(a) lenders active94
- Distinct industries receiving approvals328
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.4 percent
- Loans on real estate terms150
- Loans on working capital terms, 120 months or shorter1,218
- Franchise loans154
- Franchise share of approvals10.7 percent
- Leading industry by approval countSnack and Nonalcoholic Beverage Bars (39)
- Most active lenderCentral Bank (348)
- 504 approvals recorded914
- 504 gross approval dollars$699.6 m
- Average 504 approval$765,400
- Median 504 approval$501,500
- Distinct CDCs active9
- 504 jobs per approval11.2
- 504 jobs per million dollars approved14.7
- Most active CDCMountain West Small Business Finance (757)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$1.44 bn
The average approval of $515,358 sits well above the median of $237,100, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 10.4 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.
Utah County
SBA loan default and charge-off rates in Utah County
Do SBA loans in Utah County get paid back?
- Loans with a final outcome recorded351
- Paid in full338
- Charged off13
- Charge-off rate on resolved loans3.7 percent
- Status: Paid in full338
- Status: Charged off13
- Status: Exempt from disclosure857
- Status: Cancelled173
- Status: Committed, not yet disbursed64
Of the 351 loans that have reached a final outcome, 3.7 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.
Utah County
SBA lending by place in Utah County
- Borrower cities with recorded lending30
- Lehi, approvals213
- Orem, approvals203
- Provo, approvals160
- American Fork, approvals124
- Pleasant Grove, approvals106
- Springville, approvals99
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Lehi | 213 | $119,984,900 |
| Orem | 203 | $105,091,400 |
| Provo | 160 | $70,769,300 |
| American Fork | 124 | $78,743,800 |
| Pleasant Grove | 106 | $63,941,300 |
| Springville | 99 | $62,605,300 |
| Spanish Fork | 95 | $51,800,200 |
| Saratoga Springs | 76 | $25,669,800 |
| 22 other borrower cities | 369 | $166,086,400 |
Lehi accounts for 213 approvals against 203 in Orem. 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.
Utah County
How large is Utah County?
- Land area2,003 sq mi
- Rank by land area among Utah counties16th of 29
- Width, east to west71.7 mi
- Height, north to south55.2 mi
- Geographies sharing a boundary7
- Residents per square mile of land352
- Establishments per square mile8.77
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.
Utah County
Flood risk in Utah County
- Participation of the county's own NFIP community Utah County, unincorporated areasParticipating, community 495517
- Communities in the county in the NFIP Community Status Book25
- Of those, participating in the NFIP24
- NFIP participation rate96.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class2
- Radon levels in Utah 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 Utah County (community 495517), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Utah 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. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 96.0 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 Utah 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 Utah County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024705,400
- Households203,018
- Average household size3.47
- Median household income$100,671
- Median age25.8
Common questions
Utah County questions, answered from the record.
How many people live in Utah County, Utah?
The Census Bureau estimates 747,234 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 705,400, in 203,018 households, ranking 2nd of 29 Utah counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Utah County's population growing?
The population has grown 13.32 percent since the 2020 census base of 659,397, to 747,234 on July 1, 2024. In 2024 there were 12,008 births against 3,284 deaths, with net migration of 13,085. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Utah County?
$100,671. The median owner-occupied home is valued at $538,700, which is 5.4 times income, and median gross rent is $1,541 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Utah County?
17,568 establishments, employing 274,566 people with an annual payroll of $15.32 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 Utah County?
Health care and social assistance is the largest private sector at 38,035 jobs, 12.9 percent of covered employment. Covered employment averages 295,152 jobs at an average annual pay of $62,648, or $1,205 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Utah County?
1,445 7(a) approvals totaling $744.7 m since FY2020, across 94 lenders, with a median approval of $237,100, plus 914 504 approvals worth $699.6 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Utah County get paid back?
Of the 351 loans that have reached a final outcome, 338 were paid in full and 13 charged off, a charge-off rate of 3.7 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Utah County?
6,321 housing units were authorized by permit in 2024, with a declared construction value of $1.93 bn. Multifamily was 18.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Utah 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 Utah County come from?
The largest single origin is Salt Lake County, with 5,631 households. Arriving households report an average income of $88,791 against $75,002 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Utah 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 Utah 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.
Utah County
Cities and places in Utah.
34 Census places lie wholly or partly in Utah County. All 34 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 |
|---|---|---|---|---|
| Provo | city | 114,766 | 160 | Wholly in this county |
| Orem | city | 97,182 | 203 | Wholly in this county |
| Lehi | city | 85,173 | 213 | Wholly in this county |
| Eagle Mountain | city | 53,290 | 48 | Wholly in this county |
| Draper | city | 50,278 | 7 | 22.7 percent here, 77.3 percent Salt Lake County |
| Saratoga Springs | city | 48,425 | 76 | Wholly in this county |
| Spanish Fork | city | 44,946 | 95 | Wholly in this county |
| Pleasant Grove | city | 37,852 | 106 | Wholly in this county |
| American Fork | city | 37,109 | 124 | Wholly in this county |
| Springville | city | 35,849 | 99 | Wholly in this county |
| Payson | city | 23,039 | 56 | Wholly in this county |
| Highland | city | 20,119 | 27 | Wholly in this county |
| Bluffdale | city | 18,797 | 1 | 6.1 percent here, 93.9 percent Salt Lake County |
| Santaquin | city | 16,436 | 14 | Wholly in this county |
| Vineyard | town | 14,446 | 39 | Wholly in this county |
| Mapleton | city | 13,114 | 39 | Wholly in this county |
| Lindon | city | 11,765 | 65 | Wholly in this county |
| Alpine | city | 10,392 | 15 | Wholly in this county |
| Salem | city | 10,324 | 24 | Wholly in this county |
| Cedar Hills | city | 9,950 | 12 | Wholly in this county |
| Elk Ridge | city | 4,898 | 5 | Wholly in this county |
| Genola | town | 1,842 | 3 | Wholly in this county |
| Woodland Hills | city | 1,559 | 4 | Wholly in this county |
| West Mountain | CDP | 1,282 | None recorded | Wholly in this county |
| Lake Shore | CDP | 1,129 | None recorded | Wholly in this county |
| Benjamin | CDP | 864 | 2 | Wholly in this county |
| Goshen | town | 838 | None recorded | Wholly in this county |
| Spring Lake | CDP | 657 | None recorded | Wholly in this county |
| Palmyra | CDP | 301 | None recorded | Wholly in this county |
| Fairfield | town | 198 | 2 | Wholly in this county |
| Cedar Fort | town | 176 | None recorded | Wholly in this county |
| Elberta | CDP | 170 | None recorded | Wholly in this county |
| Hobble Creek | CDP | 105 | None recorded | Wholly in this county |
| Sundance | CDP | 104 | None recorded | Wholly in this county |
A further 6 of the county's 1,445 SBA 7(a) approvals are to borrowers in cities that match no Census place in Utah County, the largest being America Fork (2), Ogden (1), Herriman (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.