Salt Lake City, Utah

Salt Lake City, UtahFirst settled by members of The Church of Jesus Christ of the Latter-day Saints (LDS Church) seeking refuge from persecution experienced elsewhere in the US, Salt Lake City has had a storied history. It was at one point a key position in a war waged between Mormon settlers and the US government. Early economic growth was ushered in by mining booms, immigration by members of the LDS Church, and the construction of the First Transcontinental Railroad. When Utah became a state in 1896, Salt Lake City was designated its capital.

Since then, Salt Lake City has continued to develop its economy, as well as its cultural scene. In 2002, the city hosted the Winter Olympics, which stimulated the construction industry and led to a lasting increase in tourism.

Honorable Mentions

  • Number 1 in a 2014 study of "Intergenerational Mobility in the 50 Largest Community Zones".
  • Number 2 on U.S. News & World Report's 2013 list of "10 Best Cities to Find Jobs".
  • Number 3 on newgeography's 2013 list of "Best Cities for Job Growth".
  • Number 5 on CareerBliss' list of "10 Happiest Cities to Work in 2014".
  • Number 7 on Forbes' 2013 list of "Best Places For Job Growth".
  • Number 8 on livability.com's 2014 list of "Top 100 Best Places to Live".
  • One of RealClearPolitics.com's 2014 "Top 10 Cities with the Least Bad Unemployment Rates".

Major Industries and Employers

Salt Lake City's economy is largely service-based, with the largest industries including government; trade, transportation, and utilities; professional and business services; and health care and education. Tourism is also an important sector of the economy, having been bolstered by the 2002 Winter Olympics.

Many jobs in the city are centered on the Salt Lake City International Airport. Major employers include Delta Air Lines, the government, the University of Utah, the Sinclair Oil Corporation, and The Church of Jesus Christ of Latter-day Saints.

Huntsman Corporation, a Fortune 500 company which produces chemical products, has executive offices in Salt Lake City. The city is also home to ZAGG, a tech company which was listed as Fortune's 24th fastest growing company in 2012.

Demographics

Salt Lake City's 2012 population was 189,314, with a median age of 31.2. Of the residents aged 25 and over, 85.8% have attained at least high school graduation or equivalency, and 40.8% have attained a bachelor's degree or higher. The 2008-2012 per capita yearly mean income was $27,333, and the median household yearly income was $44,510. The 2008-2012 home ownership rate was 49%. 19.4% of the population of Salt Lake City lives below the poverty level (the national rate in 2012 was 15%). The March 2014 unemployment rate in Salt lake City was 4.0%, slightly below the state's rate (4.1%) and significantly below the national rate (6.7%).

Conclusion

With an encouragingly low unemployment rate and a strong presence on various lists of best cities and best places, Salt Lake City seems to be a wise choice for Americans considering which location would provide them with good job opportunities and a high standard of living.