Find out how much it costs to live in Salt Lake City.
Kiplinger Rating:
Not Tax-Friendly
State Income Tax:
Social Security Tax?
Yes
County + State Sales Tax
6.9%
Property Tax Rate *
0.7%
Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *
1875
* 2008-2010
Cost of Living Index (100=average):
97.6
Housing + transportation costs as % of income:
46%
State Sales Tax Breaks for Seniors:
None
Pensions Taxed?
Yes
Tax burden: % income going to state and local taxes:
9.6%
None
Yes
For 2015, homeowners and renters 65 and older (and surviving spouses of any age) who earned $31,702 or less in 2015 can get a "circuit breaker" tax credit that permits an abatement of 50% of the property taxes due, up to $939. For renters, the amount of relief received is also based on the percentage of rent paid. Homeowners and mobile-home owners get an additional credit equal to the tax on 20% of their property's fair market value. Homeowners who qualify for the circuit breaker generally also qualify for an indigent abatement or deferral; those 64 and younger who have a disability or extreme hardship may also qualify.\n
For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/
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GDP Growth Last 3 Years
12.9%
Income Growth Last 3 Years
13.5%
Employment Growth Last 3 Years
8.2%
