Thinking of moving to Utah? Relocating for work? You aren’t alone! Every year thousands of people migrate to the Beehive state for a variety of reasons. As one of the top 3 growing states in the U.S., Utah has a lot to offer new residents. Check out what you need to know before making the move!
Strong job market with a diverse economy
Utah has a very strong and diverse economy which attracts people across many different industries. The top industries in Utah are:
- Aerospace and Defense
- Health Technology
- Information Technology
- Sporting Goods
- Natural Products
- Renewable Resources
- Travel and Tourism
Residents enjoy a high quality of life and benefit from a range of opportunities when it comes to careers. If you are looking to strike out on your own and become a business owner, Utah is ranked #1 in the country for entrepreneurship.
There’s no doubt that Utah is a state of beautiful diversity! If you love the outdoors, you’ll absolutely love living in Utah. The state is home to 5 national parks including Zion, Bryce Canyon, Capitol Reef, Canyonlands, and Arches. Even if you don’t visit a national park, the surrounding mountains in the Salt Lake valley offer tons of outdoor activities such as hiking, mountain biking, skiing, snowboarding, snowshoeing, and much more. If there is an outdoor activity you love, you are likely to find it in Utah.
Flat income tax
Utah has a flat income tax rate of 5% and the 11th lowest property tax rate in the nation at 0.66%. For some, the flat income tax is a deterrent, however many find that the low property tax and no estate tax evens everything out.
Rising home prices
While Utahns have enjoyed a relatively low cost of living, housing prices are on the rise. Even with the challenge COVID-19 has brought to the economy, the median home value is $355,484 and has gone up 5.3% over the last year.
Utah is #26 in US for cost of living
According to MERIC, Utah’s cost of living sits at #26 and puts the state below the national average for 2020. Most residents enjoy a comfortable lifestyle, stable jobs, and plenty of opportunities for growth.
Thriving arts and entertainment activities
If you think the only thing Utah has to offer for entertainment is outdoor recreation, you are definitely in for a pleasant surprise. The state is home to a large variety of museums and art galleries. Salt Lake City is home to the Utah Philharmonic Orchestra which performs regularly. You’ll find exciting restaurants and breweries throughout the state as well as amusement parks, a zoo, and aquariums. There are tons of family friendly and educational events and experiences in Utah all year long.
Utah has an incredible sense of community which lends itself to a lower than average crime rate. In 2020, Utah ranks #4 for the safest state to live in the US. With neighbors looking out for each other, it’s a great place to raise a family!
Utah attracts a variety of people every year who are drawn to the outdoor lifestyle, the stable economy, and a family friendly environment. If that sounds perfect, Utah is probably the state for you.
Looking for a home? The Fields Team can help you get started and give you more information about which cities might be best for you! We’d be happy to answer any of your questions!