Retirement Planning in Salt Lake County, UT

What does it take to retire comfortably in Salt Lake County? Here are the numbers.

Median Income

$90,011

Retirement Income (80%)

$72,009

Est. Nest Egg Needed

$1,012,625

Cost of Living Index

138

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$72,009
Est. Social Security$31,504

Annual Income Gap$40,505

Housing Costs

Median Rent$1,394/mo
Annual Housing$16,728
Property Tax Rate0.6%

Median Home Value$440,400

About Salt Lake County, Utah

Salt Lake County in Utah has a median household income of $90,011 and a homeownership rate of 67.1%. Using the 4% rule, retirees in this county would need approximately $1,012,625 in savings to cover the gap between Social Security and their target retirement income.

These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.

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Other Counties in Utah

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SSA, BLS. Estimates based on county-level medians and the 4% withdrawal rule. This is not financial advice.