Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Salt Lake City, UT

Housing in Salt Lake City, UT: Rent, Home Prices & Property Tax

$1,265/mo (1 bd) in Salt Lake City. Median home $478,200. Property tax 0.55%.

Compare vs Chicago Rank metros from Salt Lake CityHow we figure this

Rent (1 bd): $1,265; /mo
Buy: $3,076; Mortgage, tax, insurance
Buying costs more: $1,811; /mo

State tax and rent

To buy

20% down payment$95,640
Mortgage at 6.5%$2,418
Property tax (0.55% of value)$219/mo · $2,630/yr
Insurance and upkeep$438
Monthly total$3,076

45.3% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,571 left each month. About 38 months (3.2 years) to save $95,640.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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