CALCMONEY // MORTGAGE // UT // SALT LAKE CITY
Calculate your monthly mortgage payment using Salt Lake City-specific property tax rates and local market data.
$530,000
6.9%
0.68%
109
| Principal & Interest | $2,792 |
| Property Tax | $300 |
| Homeowners Insurance (est.) | $177 |
| Total Monthly Payment (PITI) | $3,269 |
$106,000
$581,287
$140,120/yr
The median home price in Salt Lake City is $530,000, above the national median of $420,000. With a median household income of $80,000, the price-to-income ratio is 6.6x — meaning buyers typically spend 6.6 years of gross income on the purchase price.
Property taxes in Salt Lake City run 0.68% of assessed value. On the median home, that is $3,604 per year, or $300 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Salt Lake City homeowners a meaningful property tax advantage.
Utah has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Salt Lake City is 109 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $424,000 loan saves $19,080 in interest over 30 years.
Compare Top Salt Lake City Mortgage LendersNeighborhood-level data for 2 ZIP codes in Salt Lake City. Rates, home prices, and estimated payments vary by area.