The 10 Cheapest Salt Lake City, UT Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Salt Lake City are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Salt Lake City might be more expensive than living in rural Utah, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Salt Lake City neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Salt Lake City are the cheapest.

What's the cheapest neighborhood to live in Salt Lake City for 2022? According to the most recent census data, Rose Park looks to be the cheaptest Salt Lake City neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Salt Lake City. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Salt Lake City that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Salt Lake City.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Utah reading, check out:

The 10 Cheapest Neighborhoods To Live In Salt Lake City For 2022

Overall SnackAbility

7
/10

Population: 10,556
Cost Of Living Index: 92 (2nd cheapest)
Home Value To Income Ratio: 2.9 (cheapest)
Rent To Income Ratio: 0.011 (4th cheapest)
More on Rose Park: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 7,803
Cost Of Living Index: 94 (3rd cheapest)
Home Value To Income Ratio: 3.0 (2nd cheapest)
Rent To Income Ratio: 0.017 (13th cheapest)
More on Fairpark: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 14,748
Cost Of Living Index: 91 (cheapest)
Home Value To Income Ratio: 3.0 (3rd cheapest)
Rent To Income Ratio: 0.021 (17th cheapest)
More on Poplar Grove: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 8,426
Cost Of Living Index: 98 (6th cheapest)
Home Value To Income Ratio: 3.5 (4th cheapest)
Rent To Income Ratio: 0.019 (14th cheapest)
More on Westpointe: Homes For Sale | Data

East Bench Salt Lake City, UT

Overall SnackAbility

9
/10

Population: 8,443
Cost Of Living Index: 132 (18th cheapest)
Home Value To Income Ratio: 4.0 (6th cheapest)
Rent To Income Ratio: 0.005 (cheapest)
More on East Bench: Homes For Sale | Data

Liberty Wells Salt Lake City, UT

Overall SnackAbility

8.5
/10

Population: 8,248
Cost Of Living Index: 103 (8th cheapest)
Home Value To Income Ratio: 4.5 (10th cheapest)
Rent To Income Ratio: 0.015 (9th cheapest)
More on Liberty Wells: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 13,566
Cost Of Living Index: 95 (4th cheapest)
Home Value To Income Ratio: 3.8 (5th cheapest)
Rent To Income Ratio: 0.023 (19th cheapest)
More on Glendale: Homes For Sale | Data

Wasatch Hollow Salt Lake City, UT

Overall SnackAbility

9.5
/10

Population: 3,188
Cost Of Living Index: 130 (16th cheapest)
Home Value To Income Ratio: 4.2 (7th cheapest)
Rent To Income Ratio: 0.011 (5th cheapest)
More on Wasatch Hollow: Homes For Sale | Data

Sugar House Salt Lake City, UT

Overall SnackAbility

9.5
/10

Population: 31,233
Cost Of Living Index: 115 (13th cheapest)
Home Value To Income Ratio: 4.3 (8th cheapest)
Rent To Income Ratio: 0.013 (8th cheapest)
More on Sugar House: Homes For Sale | Data

Yalecrest Salt Lake City, UT

Overall SnackAbility

9.5
/10

Population: 3,768
Cost Of Living Index: 125 (14th cheapest)
Home Value To Income Ratio: 4.5 (9th cheapest)
Rent To Income Ratio: 0.012 (6th cheapest)
More on Yalecrest: Homes For Sale | Data

Methodology: How We Determined The Cheapest Salt Lake City Hoods In 2022

In order to rank the cheapest places to live in Salt Lake City, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 19 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Salt Lake City." We're lookin' at you, Rose Park.

Read on below to learn more about what it's like to live in the cheapest places Salt Lake City. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Salt Lake City

If you're measuring the neighborhoods in Salt Lake City where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Salt Lake City aren't all cheap. People'S Freeway takes the title of the most expensive neighborhood to live in Salt Lake City.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Utah reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Salt Lake City For 2022

Rank Neighborhood Cost Of Living Index
1 Rose Park 92
2 Fairpark 94
3 Poplar Grove 91
4 Westpointe 98
5 East Bench 132
6 Liberty Wells 103
7 Glendale 95
8 Wasatch Hollow 130
9 Sugar House 115
10 Yalecrest 125
11 Greater Avenues 128
12 Central City-Liberty Welss 105
13 Bonneville Hills 131
14 Capitol Hill 106
15 East Central 111
16 Downtown 107
17 Central City 103
18 Arcadia Heights 143
19 People's Freeway 98

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Salt Lake City.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.