Net Worth Percentile in Salt Lake City
Your national net worth ranking uses Federal Reserve SCF data and is the same wherever you live. But Salt Lake City’s cost of living is 9% above the national average (COL index: 109), which changes what your net worth actually buys.
Purchasing power in Salt Lake City
Based on BLS 2023 Consumer Expenditure Survey ($79,534/yr in Salt Lake City).
Salt Lake City — key figures
Calculate your net worth rank
Total assets (home equity, investments, retirement, savings) minus total debts (mortgage, loans, credit cards). Negative values are fine.
Frequently asked questions
What net worth puts you in the top 10% in Salt Lake City?
Nationally, the top 10% of Americans ages 45-54 have a net worth of roughly $1.7M or more. In Salt Lake City, where cost of living is 9% above the national average (COL index: 109), that $1.7M covers approximately 21.4 years of living expenses compared to 23.3 years at the national average.
How does Salt Lake City's cost of living affect my net worth ranking?
Salt Lake City has a cost of living index of 109 (US average = 100). Your national percentile ranking uses Federal Reserve SCF data and is the same regardless of where you live. But your purchasing power differs: $1M in Salt Lake City covers 12.6 years of average living expenses, versus 13.7 years at the national average.
What is the median household income in Salt Lake City?
The median household income in Salt Lake City is $80,000 per year. The national median household income is approximately $74,580 (Census ACS 2023).
What is the median home price in Salt Lake City?
The median home sale price in Salt Lake City metro area is approximately $530,000 (2024). For a household with $500K in net worth, that represents 94% of the median home price.