The 10 Richest Neighborhoods In Salt Lake City, UT For 2024

The richest Salt Lake City neighborhoods are Yalecrest and Wasatch Hollow for 2024 based on Saturday Night Science.

Richest Neighborhoods In Salt Lake City
Source: Wikipedia User | CC BY-SA 3.0

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they aren’t made of ticky-tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Salt Lake City has to offer. Where houses go for over 3.47x the national median and household incomes are 2.32x the national median.

But where exactly in Salt Lake City do the richest of the rich people live? That would be Yalecrest where the median income is a cool $127,629.

Here’s a look at the top 10 wealthiest neighborhoods in Salt Lake City out of 19 for 2024.

What’s the richest neighborhood to live in Salt Lake City for 2024? According to the most recent census data, Yalecrest looks to be the richest Salt Lake City neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $957,995. And that, my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky.

Find where your neighborhood ranks amongst the richest in Salt Lake City.

For more Salt Lake City reading, check out the best neighborhoods in Salt Lake City and the worst neighborhoods in Salt Lake City.

Or, for living around Salt Lake City, out the best Salt Lake City suburbs and the worst Salt Lake City suburbs.

Table Of Contents: Table | Methodology

Richst Neighborhoods In Salt Lake City For 2024 By Median Income

Rank Neighborhood Median Household Income
1 Yalecrest $127,629
2 Wasatch Hollow $125,469
3 Arcadia Heights $117,200
4 East Bench $113,577
5 Greater Avenues $100,032
6 Sugar House $88,859
7 Bonneville Hills $88,811
8 Rose Park $67,497
9 Westpointe $64,686
10 Capitol Hill $64,235
11 East Central $58,891
12 Glendale $57,690
13 Liberty Wells $56,526
14 Downtown $52,200
15 Central City $49,929
16 Central City-Liberty Welss $49,139
17 Poplar Grove $47,916
18 Fairpark $47,052
19 People’s Freeway $45,552

How We Determined The Wealthiest Neighborhoods In Salt Lake City For 2024

Every city has its best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using Saturday Night Science, we researched income data from the Census and BLS for every neighborhood in Salt Lake City.

We ranked every neighborhood in Salt Lake City by median income from highest to lowest. The neighborhood with the highest median income, Yalecrest, was named the wealthiest neighborhood in Salt Lake City.

The richest neighborhoods in Salt Lake City are Yalecrest, Wasatch Hollow, Arcadia Heights, East Bench, Greater Avenues, Sugar House, Bonneville Hills, Rose Park, Westpointe, and Capitol Hill.

The poorest neighborhood? That would be People’S Freeway.

The poorest neighborhoods in Salt Lake City are People’s Freeway, Fairpark, Poplar Grove, Central City-Liberty Welss, and Central City.

We updated this article for 2024. This is our tenth time ranking the most affluent neighborhoods to live in Salt Lake City.

For more Utah reading, check out:

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.