Salt Lake City is named for its close location to the Great Salt Lake, and it's almost completely surrounded by the Wasatch Mountains. The city is part of the Great Basin area that extends as far west as Reno, Nevada. Salt Lake City is home to more than two million people, and it's also the largest industrial banking center in the country. The city has a climate with four distinct seasons, but fortunately none of the seasons have particularly extreme weather. The location in the mountains means that the air in Salt Lake City is dry, which can help you breathe easier if you have allergies. The city is also very family friendly.
Although the employment growth in Salt Lake City is slowing down from previous years, the economy is still strong and the unemployment rate is still better than the national average. The housing market is also very robust. The median home price is $225,700, which reflects a healthy 4.08% increase over the past year. There are actually more homes rented than owned, with 44.69% of homes owned and 47.62% rented. An additional 7.69% of houses are vacant.
The higher than average percentage of renters is good news is if you too want to rent a house, because it means that youll have a good selection of homes to choose from. Whether you choose the maintenance-free lifestyle of an apartment complex or prefer to buy a house, youll have a lot of options. If you want to live in a house but dont yet have the down payment to buy property, you may want to consider a rent to own home.
The economy of Salt Lake City was originally built on mining, but today it boasts a diversity of businesses and services. Local, state and city government are among the citys largest employers. Other employers with a large presence in the city include the University of Utah, Sinclair Oil Corporation, The Church of Jesus Christ of Latter-Day Saints and Intermountain Healthcare, the largest healthcare company in the region. Other major employers include the Huntsman Corporation, Questar Corporation and Zions Bancorporation.
Salt Lake City residents take advantage of the natural beauty right in their own backyards and many enjoy hiking and skiing in the many parks in the area. There are also a large number of regular festivals to attend, most importantly the world-renowned Sundance Film Festival that attracts thousands of visitors to nearby Park City. The Utah Arts Festival has welcomed an average of 80,000 guests every year since 1977 and is a showcase for artists and musicians. Salt Lake City also observes Pioneer Day on July 24, which is a state holiday that celebrates the Mormon pioneers discovery of the valley with a week-long schedule of events that includes fireworks, parades, and a rodeo. The Greek Festival is a three-day celebration of Greek heritage that happens the weekend after Labor Day and attracts up to 50,000 people each year.
Salt Lake City has ranked well on several important quality of life surveys, including that its the healthiest city for women based on 38 different factors. Another survey ranked Salt Lake City the least stressful city in the country.
When youre trying to decide where you want to live, its important to find the criteria that matter most to you. For many people the combination of a family friendly environment, good jobs and beautiful scenery in Salt Lake City make it the perfect place to call home.
The city of Salt Lake City has several distinct neighborhoods. If a funky neighborhood is your style, youll want to consider the popular and growing Sugar House part of town. Young professionals will likely feel most at home in The Avenues, which is home to classic Victorian houses and is positioned right between downtown and beautiful countryside. The 15thand 15thneighborhood named for its intersection between S. 15thSt. East and S. 15thSt. South is near to Sugar House but is home to a younger and more working-class population.
Having a good sense of a few different areas in Salt Lake City will also help in your housing search:
West Salt Lake: If you're looking for all work and no play, the Western part of town is for you. The houses are great, but there isn't too much to do here aside from work. Don't worry, though. There are parks nearby by, including Rose Park, that you can relax in.
Southeastern Salt Lake: One of the key parts of Southeastern SLC is Sugar Hill. It's the bohemian center for the city, so if you like coffee and art, this is where you need to go.
Northern Salt Lake: Trying to hide from all the hustle and bustle of the city? Northern Salt Lake is almost strictly residential, so any neighborhood in this region will be quiet.
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