The well-known winter season resort town of Park City quickly ranked amongst the wealthiest cities in Utah.
In a current research study, we evaluated and determined the wealthiest cities in Colorado Now, we’re going to continue our trip of the Rocky Mountain states and we’re focusing our attention on the state that saw the conclusion of the very first transcontinental railway with the well-known “golden spike” driven home in 1869 at Promontory Top– Utah.
We evaluated over 330 cities in the state in order to no in on the wealthiest cities in Utah. The technique in which we assessed and scored each city’s ranking is detailed listed below.
Keep reading to discover what the wealthiest city in Utah is, plus the leading 50 most affluent cities in the state in general.
What Are the Wealthiest Cities in Utah?
In order to assemble this list of the wealthiest cities in Utah, we sourced essential monetary information from the Census Bureau’s 2022 American Neighborhood Study Equipped with these datasets, we built a four-factor scoring system to assist determine the most affluent cities in Utah:
- Average home earnings
- Mean (average) home earnings
- Average home worth
- Average real estate tax paid
When it pertains to Census information, there are a couple of peculiarities to keep in mind: For particular aspects, the Census numbers have ceilings, so there’s no specific worth for particular aspects. For instance, for average home earnings, the Census Bureau has a ceiling of “$ 250,000+”. For average home worth, the ceiling is “$ 2,000,000+”. For average real estate tax paid, the ceiling is “$ 10,000+”. For these factors, the mean home earnings (which is the exact same as typical home earnings) dataset is essential due to the fact that the Census Bureau has specific figures for it. All 4 of these metrics were scored, built up, and after that ranked by the cities’ combined ratings.
Listed below you’ll discover a table detailing the leading 50 wealthiest cities in Utah and their particular dollar figures for each metric:
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