Average Cost Of Living in Salt Lake City, Utah
Salt Lake City was founded in 1847, by Mormon pioneers. Mormons are members of the Church of Jesus Christ of Latter-Day Saints. It is currently the largest religious group in the area. The pioneers sought out a generally uninhabited area, where they could freely practice their beliefs.
If you are looking to move to Salt Lake City, Utah there are a few things you need to know. It’d be helpful to know how much groceries, utilities, transportation, and healthcare will cost, so that you can make an informed decision.
How Many People Live in Salt Lake City, Utah?
The entire metropolitan area of Salt Lake City has a current population of 1,188,800. However, the actual city itself has a population of 193,744 and rising. The city has a large percentage of the city’s population is under 20 years old. The smallest age range represented in the population is 20-24 year olds. More than half of the population is married, there are fewer single people in the city compared to the national average. The state of Utah has a population of over 3 million people. Therefore, Salt Lake City accounts for about 1/3 of Utah’s rising population.
How Much Money do People Make in Salt Lake City, Utah?
The minimum wage in Salt Lake City is $7.25. However, the average person makes about $22 an hour. The median household income in the city is $45,833. Job opportunities are on the rise. Only 3.3% of the population is unemployed, which is 1.6% lower than the national average. There are some really large companies with offices and warehouses in the Salt Lake City area: Microsoft, Delta Airlines, and #M health Information Systems for example. There is an abundance of job opportunities in healthcare, transportation, technology, construction, finance, and so much more.
How much is Housing in Salt Lake City, Utah?
The cost of living in Salt Lake City is 6% lower than the cost of living nationwide. The average cost of a home, in Salt Lake City, fluctuates depending on the area. Prices can be seen as low as $150,000, and just go up from there. The median price of a home is $298,500. Most of the homes in the city were built between 1970 and 1979. Prices of homes in the area are on the rise, but so is household income growth.
What is the Daily Commute in Salt Lake City, Utah?
The majority of the people who live in Salt Lake City drive as means of transportation to and from work. The average cost of gas is $2.32 per gallon. The average commute time is 22.3 minutes. This is lower than the national average.
The population’s use of public transportation is below the nation’s average. Public transportation costs $2.50 for a one-way ride on the bus or train. This is more than the $2.25 national average. While, the Utah Transit Authority does offer train and bus rides, most people still opt to drive.
Is Healthcare Affordable in Salt Lake City, Utah?
Salt Lake City citizens pay slightly less than the national average for their healthcare premiums. However, they pay more for out of pocket healthcare expenses. On average they spend 7.7% of their annual income on these costs, which equates to about $4,400 a year. The national average sits around $4,065.
How Expensive are Basic Goods in Salt Lake City, Utah?
Consumable goods are cheaper in Salt Lake City than they are in other areas of the country. This means that your money will stretch further, and buy more things for the same amount of money. Partly, this is due to the number of fresh fruit and vegetable stands, and markets in the area. For example, milk is $1.00 cheaper, eggs are $0.70 cheaper, and chicken breasts are $0.60 cheaper.
Reasons to Visit Salt Lake City, Utah
- Top ski destination. There are 11 snowy mountains there.
- Year-long farmer’s markets.
- LGBTQ community. Salt Lake City was the first city to pass non-discriminatory laws based on sexual orientation.
- 12 breweries near the city.
- Home of the 1st
- Annual Sundance Film Festival.
Where to Find Salt Lake City Title Loans Online
Salt Lake City is not only the capital of Utah, it’s also a fantastic place to get an auto title loan. You may go through the entire process almost exclusively online.
Actually, if you gather your documents and information now, you might be able to get your car title loan money as soon as the next day3!
What does it mean to get your car title loan practically entirely online? Well, you can always start the process online by going to the homepage. There you can fill out a brief inquiry form and find out almost instantly if you are approved.
You can even send your documents and pictures of your car electronically! You can email, fax, or text the few pieces of documentation right away. It is even possible to take the photos needed of your car straight from your mobile device, then you can text them at the number 1-818-315-8741.
You can do all of that without having to leave your house, and you can even stay in your pajamas and fuzzy slippers if you want.
What Do I Need to Get a Salt Lake City Car Title Loan?
Most of the information on the initial inquiry are just a few core details that you probably know off the top of your head right now. The information request asks things like your address, your phone number, some basic facts about your car, and a brief overview of your financial history. Many people can finish the short information request in 5 minutes or less.
May need other kinds of documentation, but this is just to verify your information.
If you want to get your auto title loan in Salt Lake City, Utah as fast as possible, you want to have these core pieces of documentation ready to go right away. Here is what you will need:
- Government issued form of photo ID (Driver’s license, FOID card, passport, etc.)
- Proof of residence (Utility bill, lease, etc.)
- Proof of income (pay stub, bank account statement, disability, social security, etc.)
- Vehicle title with your name on it (Note: May still be able to help you if you cannot locate your vehicle title or if your name is not the only one listed on your title).
- Several pictures of your car (remember you can take them from your cell phone and text them to us at 1-818-315-8741).
Rules for Qualifying Aren’t as Strict as Other Loans
Borrowers have to jump through a lot of hoops to secure other types of loans, like mortgages, home equity lines of credit, and student loans. Car title loans don’t have strict credit score requirements. It’s also easier to qualify because the loan amount is based on the value of a car.
You Retain Possession of Your Car
When a borrower gets a car loan, they’ll be using their car as collateral against the money they’re borrowing. However, they get to keep their car and they’re free to use it however they’d like while they have a loan. When the money that is borrowed is repaid, they’ll receive their title back as well.
Do be aware that if a borrower misses payments on their loan or stops paying back the money that is owed, their car may be subject to being repossessed. If you’re having trouble making your car title loan payments, be sure to reach out and get in touch.