Economy, jobs and prices in Utah, United States: official figures
The economy of Utah (gross domestic product) was worth $319.2 billion in 2025 at current prices, 1.0% of the US total of $30.86 trillion; 24th smallest of 51. In current dollars it was up 5.5% on 2024.
How fast is the economy of Utah growing?
After adjusting for inflation, real GDP in Utah grew 2.7% in 2025, against 2.3% for the United States; 13th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Utah?
Dividing 2025 GDP by the Census Bureau's population estimate gives $90,191 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 18th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Utah growing or shrinking?
In the second quarter of 2026, real GDP in Utah grew at an annual rate of 3.4% (United States: 2.2%); tied for 4th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Utah?
In 2025 the largest private industry in Utah's economy was real estate, rental and leasing (14.0% of GDP), followed by finance and insurance (9.9%) and manufacturing (9.3%). Government accounted for 10.4%; the manufacturing share was 25th highest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Utah spend?
Consumer spending (personal consumption expenditures) in Utah came to $54,512 per person in 2025 (United States: $61,062); 15th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Utah expensive to live in?
Prices in Utah were 1.1% below the national average in 2024, by BEA's regional price parity of 98.9 (US = 100), which covers goods, services and housing; 21st most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Utah?
Prices in Utah rose 6.0% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Utah?
Personal income per person in Utah was $70,323 in 2025, against $77,028 for the United States; 22nd lowest of 51. It was up 4.3% on 2024 and up 36.1% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Utah?
After taxes, disposable personal income per person was $61,808 in 2025 (United States: $67,251); 20th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Utah?
Adjusted for local price levels, real personal income per person in Utah was $55,116 in 2024 in 2017 dollars (United States: $59,195); 12th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Utah?
Median household income in Utah was $96,658 in 2024 (margin of error ±$1,179), against $81,604 for the United States; 10th highest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Utah?
The Gini index of household income inequality in Utah was 0.422 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); the least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Utah?
The unemployment rate in Utah was 3.5% in September 2026 (seasonally adjusted, preliminary), down from 3.6% a year earlier; tied for 18th lowest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Utah?
In September 2026, 63,247 people in Utah were unemployed and 1,768,678 employed, out of a labor force of 1,831,925.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Utah in 2025?
Over 2025 the unemployment rate in Utah averaged 3.6% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.3% in 2024; 17th lowest of 51. The lowest annual rate since 1976 was 2.4% in 2022.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Utah?
Workers covered by unemployment insurance in Utah were paid $69,316 on average in 2025 ($1,333 a week), up 3.6% on 2024; the US average was $78,720. That is 24th lowest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Utah?
Employers in Utah had an average of 1,741,066 jobs on their payrolls in 2025 across 141,305 establishments, up 1.6% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Utah?
The median annual wage across all occupations in Utah was $50,110 in May 2025 (mean $66,290); 24th highest of 51. One in ten workers earned less than $30,040 and one in ten more than $119,990.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Utah?
The most common occupation in Utah in May 2025 was fast food and counter workers, with 52,340 workers and a median annual wage of $28,670.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Utah?
Median household income in Utah was $96,398 in 2024, 10th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $75,705, so it has risen 27.3% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Utah?
The median gross rent in Utah, including utilities, was $1,593 a month in 2024, up 2.7% on 2023 ($1,551); 15th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Utah?
Homeowners in Utah valued their homes at a median of $545,200 in 2024, up 5.3% on 2023 ($517,700); 7th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Utah?
The median home value in Utah was 5.7 times the median household income in 2024 ($545,200 against $96,398); 8th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Utah?
A household on the median income in Utah would spend 19.8% of its income on the median rent of $1,593 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Utah compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Utah ranks 28 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 25 | Oregon | $343.2 billion |
| 26 | Louisiana | $342.3 billion |
| 27 | Alabama | $339.0 billion |
| 28 | Utah | $319.2 billion |
| 29 | Kentucky | $313.6 billion |
| 30 | Nevada | $281.4 billion |
| 31 | Oklahoma | $274.3 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Utah ranks 18 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 15 | Virginia | $90,981 |
| 16 | New Hampshire | $90,634 |
| 17 | Maryland | $90,501 |
| 18 | Utah | $90,191 |
| 19 | Wyoming | $89,157 |
| 20 | Minnesota | $88,350 |
| 21 | South Dakota | $87,694 |
Real GDP growth, 2025 (2025)
Utah ranks 13 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 10 | West Virginia | 2.8% |
| 11 | Florida | 2.8% |
| 12 | Rhode Island | 2.8% |
| 13 | Utah | 2.7% |
| 14 | Illinois | 2.6% |
| 15 | New York | 2.5% |
| 16 | Connecticut | 2.5% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Utah ranks 5 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 2 | South Carolina | 3.5% |
| 3 | Delaware | 3.5% |
| 4 | Minnesota | 3.4% |
| 5 | Utah | 3.4% |
| 6 | Georgia | 3.1% |
| 7 | Florida | 3.0% |
| 8 | Connecticut | 3.0% |
Personal income per person, 2025 (2025)
Utah ranks 30 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 27 | Montana | $72,066 |
| 28 | Maine | $71,742 |
| 29 | Wisconsin | $71,219 |
| 30 | Utah | $70,323 |
| 31 | Missouri | $69,836 |
| 32 | Tennessee | $69,274 |
| 33 | Kansas | $69,149 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Utah ranks 40 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 37 | Oregon | $55,451 |
| 38 | Arkansas | $55,219 |
| 39 | Delaware | $55,185 |
| 40 | Utah | $55,116 |
| 41 | Michigan | $53,569 |
| 42 | Georgia | $52,952 |
| 43 | Arizona | $52,890 |
Median household income, 2024 (ACS) (2024)
Utah ranks 10 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 7 | New Hampshire | $99,782 |
| 8 | Washington | $99,389 |
| 9 | Colorado | $97,113 |
| 10 | Utah | $96,658 |
| 11 | Connecticut | $96,049 |
| 12 | Alaska | $95,665 |
| 13 | Virginia | $92,090 |
Regional price parity, 2024 (US = 100) (2024)
Utah ranks 21 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 18 | Nevada | 100.0 |
| 19 | Illinois | 100.0 |
| 20 | Delaware | 99.8 |
| 21 | Utah | 98.9 |
| 22 | Minnesota | 98.6 |
| 23 | Vermont | 98.0 |
| 24 | Pennsylvania | 97.6 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Utah ranks 34 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 31 | Idaho | 3.6% |
| 32 | Rhode Island | 3.6% |
| 33 | Alabama | 3.5% |
| 34 | Utah | 3.5% |
| 35 | Ohio | 3.4% |
| 36 | North Carolina | 3.4% |
| 37 | Tennessee | 3.4% |
Unemployment rate, 2025 annual average (2025)
Utah ranks 35 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 32 | Mississippi | 3.8% |
| 33 | Indiana | 3.7% |
| 34 | Idaho | 3.7% |
| 35 | Utah | 3.6% |
| 36 | Tennessee | 3.5% |
| 37 | Iowa | 3.5% |
| 38 | Georgia | 3.4% |
Labor force participation rate, September 2026 (September 2026)
Utah ranks 6 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 3 | North Dakota | 68.9% |
| 4 | Iowa | 66.9% |
| 5 | Minnesota | 66.7% |
| 6 | Utah | 66.5% |
| 7 | Kansas | 66.4% |
| 8 | South Dakota | 66.3% |
| 9 | Massachusetts | 65.4% |
Average annual pay, 2025 (QCEW) (2025)
Utah ranks 28 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 25 | Hawaii | $70,649 |
| 26 | Tennessee | $70,409 |
| 27 | Nevada | $69,776 |
| 28 | Utah | $69,316 |
| 29 | Ohio | $68,298 |
| 30 | North Dakota | $67,580 |
| 31 | Vermont | $67,247 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Utah ranks 24 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 21 | Maine | $51,430 |
| 22 | Wisconsin | $50,270 |
| 23 | Wyoming | $50,270 |
| 24 | Utah | $50,110 |
| 25 | Arizona | $50,060 |
| 26 | Pennsylvania | $49,690 |
| 27 | Ohio | $49,380 |
Median household income (2024)
Utah ranks 10 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 7 | California | $100,130 |
| 8 | Washington | $99,309 |
| 9 | Colorado | $96,871 |
| 10 | Utah | $96,398 |
| 11 | Alaska | $96,336 |
| 12 | Connecticut | $95,670 |
| 13 | Virginia | $92,116 |
Median gross rent (monthly) (2024)
Utah ranks 15 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 12 | Virginia | $1,646 |
| 13 | New York | $1,634 |
| 14 | Oregon | $1,597 |
| 15 | Utah | $1,593 |
| 16 | New Hampshire | $1,558 |
| 17 | Connecticut | $1,550 |
| 18 | Delaware | $1,530 |
Median value of owner-occupied homes (2024)
Utah ranks 7 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 4 | Massachusetts | $607,400 |
| 5 | Washington | $602,200 |
| 6 | Colorado | $574,600 |
| 7 | Utah | $545,200 |
| 8 | Oregon | $497,500 |
| 9 | New Jersey | $496,000 |
| 10 | New Hampshire | $458,800 |
More on Utah: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.