6 Good Reasons to Buy a New House in Salt Lake City

Are you an up-and-coming professional or looking for a change of pace? In America, there's something for everyone if you know where to look. If you happen to be one of those war-weary city folk itching for a lifestyle that offers a slightly less hectic pace and the opportunity to enjoy a variety of leisure activities year-round, then Salt Lake City, Utah might be the place for you.

In this article, we list six reasons you should move to this fast-rising city. 

  1. Rent is Increasing

This is actually good news for those who want to buy an income property and put it up for lease. If you're looking to rent, better start now, as the average rent in Salt Lake City is projected to increase by about 1.6% a year. 

  1. It Becomes a Mini-Hollywood

Each winter, Salt Lake City hosts America's largest independent film festival. Since 1985, the Sundance Film Festival has showcased the work of many talented indie film directors and actors from all over the world. If the roster of Hollywood stars that were at 2019's festival is any indication, you can expect a lot of celebs to turn heads in Salt Lake City from late January next year. 

  1. It's a Great Place to Start

Utah is a great place for fresh graduates. It's recently been ranked as the best place to start a career in the US. The reason? Utah scores high in quality of life, as well as professional opportunities. Right now there are approximately 4,471.8 entry-level jobs for every 100,000 residents. Better start on that CV and prepare your interview outfit!

  1. Electricity is Cheap

Utah night skyline

Utah is one state that's unlikely to have a power shortage. The state has vast natural gas and coal reserves, though it's moving away from using coal in favor of renewable energy sources like solar, wind and geothermal. Utah actually produces more electricity than it uses, so it exports the excess generated power, which comes to 31% of its total output. You can expect to pay 10.72 cents per kilowatt-hour, compared to electricity in California at 17.05 cents, and almost 20 cents per kilowatt-hour in New York. The low energy cost in the state of Utah makes it more attractive to businesses, and can potentially create more job opportunities.

  1. The Music Scene is Spectacular

There's a reason Utah's NBA team is called the Utah Jazz—the music scene in Utah is something to be seen, and heard. Jazz is one of the many types of music and performances you'll find in Salt Lake City. Nightlife spots are diverse, with brewpubs, clubs, jazz bars, concert venues and theaters for plays and shows. Many famous bands all share roots in Utah, including Panic! At the Disco, Imagine Dragons, The Killers and Fictionist, to name a few.

  1. It's a Family-Friendly City

Salt Lake City is famous for being family-friendly. The Beehive State is home to a number of top-tier universities, so if you move here, your kids won’t have to leave for college. You can refer to this list for your choice of university and to know the tuition rates.

What are you waiting for? Find a place to rent, or better yet, settle in Salt Lake City and buy a house, if possible. You can get help in purchasing your first home from one of the many mortgage companies in Salt Lake City.

With the projected growth and the opportunities on offer, moving to Salt Lake City or another city in Utah with the same opportunities and cost of living will be a great idea.

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