Richest Neighborhoods in Salt Lake City 💰 10 Wealthiest Salt Lake City Utah Neighborhoods

Richest Neighborhoods in Salt Lake City 💰| 10 Wealthiest Salt Lake City Utah Neighborhoods

Last Updated on: 19th March 2024, 09:16 am

There’s a lot to love about living in Salt Lake City! US News ranks Salt Lake City in the top 100 places to live in the United States, praising the low Salt Lake City cost of living, exciting attractions, and prosperous economy. A major factor in the great quality of living in Salt Lake City is Salt Lake City neighborhoods.

The city contains dozens of neighborhoods, each with unique features, attractions, and homes for sale. An easy way to narrow your options down is to focus on the richest neighborhoods in Salt Lake City. Looking at these neighborhoods can help you find luxurious and posh homes for sale, top restaurants and attractions, and low crime levels.

Keep in mind that there is a difference between being rich and being wealthy. Being rich means you have a high income, while being wealthy means you have a lot of money or property saved. No matter which neighborhood in Salt Lake City you are moving to, you should earn a high income and have money saved to cover the cost of living. You should examine data from the US Census and Redfin so you know what the median household income in each neighborhood is like and how much homes cost. Here’s what you should know about the richest neighborhoods in Salt Lake City.

East Bench | Wealthiest Salt Lake City Neighborhood

  • East Bench population: 10,166
  • East Bench median household income: $117,200
  • East Bench average home price: $891,500
  • East Bench homes for sale

East Bench is the wealthiest Salt Lake City neighborhood. Its median household income is 133% higher than the city average and 87.5% higher than the state average. East Bench is also one of the richest neighborhoods in Utah, with a higher median household income than most cities in the state. It’s one of the safest neighborhoods in Salt Lake City. Its crime rate is 2,404 offenses per 100,000 people, 65.2% lower than the Salt Lake City crime rate.

The East Bench real estate market is competitive; 12 homes were sold in January 2024, and the median price for homes rose by 42.6% between 2023 and 2024. You can find a mixture of homes and condos for sale, including luxury properties with chef’s kitchens, vaulted ceilings, and game rooms. Some of the homes for sale in East Bench are the largest in Salt Lake City, covering 6,000 square feet and containing four bedrooms, making them suitable for large families with children and pets.

East Bench is in East Salt Lake City, close to Donner Hill and Parley’s Canyon and some of the other wealthiest Salt Lake City neighborhoods. You can go for walks on nature trails connected to the neighborhood or mountains that border the community, making East Bench one of the best Salt Lake City neighborhoods for athletes. East Bench is a family-friendly community home to Indian Hills Elementary School. US News ranks Indian Hills Elementary School in the top 30 elementary schools in Utah. 67% of students test at or above the proficiency level in mathematics, 28 percentage points higher than the state average.

Yalecrest | Historic Salt Lake City Neighborhood With Top Outdoor Attractions

  • Yalecrest population: 4,142
  • Yalecrest median household income: $112,500
  • Yalecrest average home price: $780,000
  • Yalecrest homes for sale

Yalecrest is one of the most historic neighborhoods in Salt Lake City, being first inhabited by Mormon settlers in the 1870s. Most homes in Yalecrest date to the early 1900s and have quaint revival-style features like brick exteriors and wide patios. The neighborhood has steadily developed over the last 100 years and now has a reputation for being prosperous, safe, and well-connected to Salt Lake City’s art scene.

The Yalecrest median household income is 123% higher than the city average, making it also one of the richest neighborhoods in Utah. 55% of households make over $100,000 a year, the highest percentage of any Salt Lake City neighborhood. Yalecrest has a smaller real estate market than East Bench, with only five homes sold in January 2024. Home prices have fallen by 13.3% since 2023, so you may be able to save money on a single-family home for sale in the community. You can still find revival-style homes from the early 1900s as well as contemporary properties with modern features like spa-style bathrooms.

Yalecrest is one of the best places to live in Salt Lake City for kid-friendly outdoor attractions. The Miller Bird Refuge and Nature Park is an 8.75-acre nature refuge with bird habitats you can walk near. Laird Park contains a playground for young children, multi-purpose fields, and a softball field. Yalecrest is in eastern Salt Lake City, close to Bonneville Golf Course and Hogle Zoo, two of the most popular outside points of interest in the city.

Bonneville Hills | Walkable and Luxurious Salt Lake City Neighborhood

  • Bonneville Hills population: 3,840
  • Bonneville Hills median household income: $100,200
  • Bonneville Hills average home price: $745,000
  • Bonneville Hills homes for sale

Bonneville Hills is one of the most conveniently located and wealthiest neighborhoods in Salt Lake City. It’s located along State Route 186, providing access to the University of Utah and cities near Salt Lake City, including North Salt Lake. It’s also a walkable community with smooth and straight streets and wide sidewalks.

It’s a predominantly residential neighborhood with only a few small businesses, most of which are in Foothill Village, an outdoor shopping mall. Stores at Foothill Village include Sports Den, European Wax Center, and Great Clips. Though Bonneville Hills lacks the attractions of other neighborhoods, it has fewer tourists, so it’s a good neighborhood for people looking for a quiet and quaint neighborhood to live in.

The Bonneville Hills median household income is 99.1% higher than the city average, with 52% of households making over $100,000 annually. Seven Bonneville Hills homes for sale were sold in January 2024, all of which were single-family homes for sale. Homes for sale in Bonneville Hills contain heated floors, floor-to-ceiling windows, and professional landscapes with fountains and fire pits.

Arcadia Heights | Quiet and Upscale Salt Lake City Neighborhood

  • Arcadia Heights population: 930
  • Arcadia Heights median household income: $98,900
  • Arcadia Heights average home price: $1,250,000
  • Arcadia Heights homes for sale

Arcadia Heights is the easternmost neighborhood in Salt Lake City. It gets its name from Arcadia Heights, a mountain range along the eastern border of the neighborhood. Trailheads and canyons connect to the neighborhood, so you can go for walks easily through the mountains, making Arcadia Heights one of the best neighborhoods in Salt Lake City for an active lifestyle. Arcadia Heights is a hub for the Asian community in Salt Lake City. 8.0% of Arcadia Heights residents identify as Asian, with residents coming from China, Taiwan, India, and Korea.

The Arcadia Heights median household income is 96.5% higher than the city median. The top 5% of households in Arcadia Heights make an average income of $801,900 a year, the highest of all the richest neighborhoods in Salt Lake City. The residential area of Arcadia Heights is smaller than in most neighborhoods, so homes for sale in Arcadia Heights tend to be large. You can buy homes covering 5,000 square feet for less than $2 million.

However, Arcadia Heights is by far one of the most expensive neighborhoods in Salt Lake City, with an average home price more than double the citywide average and higher than most of the best places to live in Salt Lake City.

Wasatch Hollow | Modern and Lavish Homes in a Green Neighborhood

  • Wasatch Hollow population: 3,504
  • Wasatch Hollow median household income: $95,400
  • Wasatch Hollow average home price: $855,739
  • Wasatch Hollow homes for sale

Wasatch Hollow is best known for Wasatch Hollow Park, which runs through the center of the community. Wasatch Hollow Park contains a natural spring, two walking trails, and fields for picnicking and lounging. The neighborhood also contains The King’s English Bookstore, a locally-run independent bookstore with a variety of books for sale. Wasatch Hollow is in central-eastern Salt Lake City, a few blocks north of Interstate 80, which runs west to east and connects to South Salt Lake.

The median household income in Wasatch Hollow is 89.4% higher than the city average. Most homes for sale in Wasatch Hollow were recently built or renovated, so you can find contemporary and stunning amenities like electric fireplaces, landscaped and lush flower beds, and spacious patios. Some homes are Tudor-style properties resembling mansions or upmarket homes from the 19th and 20th centuries, making Wasatch Hollow one of the best wealthiest Salt Lake City Utah neighborhoods for upscale homes.

Greater Avenues | Best Upscale Salt Lake City Neighborhood for Restaurants

  • Greater Avenues population: 15,864
  • Greater Avenues median household income: $91,700
  • Greater Avenues average home price: $830,000
  • Greater Avenues homes for sale

Greater Avenues (sometimes called The Avenues) is in northeastern Salt Lake City, and it’s best known for its outdoor points of interest. You can walk through the Wasatch Mountains, including Black Mountain and Grandview Peak, which provide breathtaking views of the Salt Lake Valley. You can also tour Salt Lake City Cemetery Utah, one of the largest city-run cemeteries in the United States.

Greater Avenues is also one of the best neighborhoods in Salt Lake City for restaurants. Saffron Valley – Avenues is a top Indian restaurant with a casual atmosphere and an extensive wine list, making Saffron Valley a good place to take clients and out-of-town visitors. Avenues Proper is a craft brewery that also serves breakfast and brunch, including gourmet coffee and tea from local coffee roasters.

The Greater Avenues median household income is 82% higher than the city median. Greater Avenues is one of the largest neighborhoods in Salt Lake City, so you have more options for princely and expansive homes for sale than in other wealthy neighborhoods in Salt Lake City. The neighborhood has many condos, including recently renovated units with quartzite counters, spacious powder rooms, and a wet bar area with wine fridges. Greater Avenues is one of the most expensive neighborhoods in Salt Lake City, with an average home price 60.1% higher than the citywide average.

Sugar House | Best Place to Live in Salt Lake City for Golfers

  • Sugar House population: 30,976
  • Sugar House median household income: $73,200
  • Sugar House average home price: $570,000
  • Sugar House homes for sale

Sugar House is the best Salt Lake City neighborhood for golfers. Nibley Park Golf Course is a top course for beginners, containing a nine-hole golf course with a driving range and two practice greens. Once you’ve developed experience, you can visit Forest Dale Golf Course. Forest Dale also contains nine holes, but it has more obstacles, including elevated greens that help you become more accurate.

The Country Club Salt Lake City is one of the leading country clubs in the Salt Lake City area. It contains an 18-hole golf course with sand bunkers, trees, and water obstacles, creating a challenging experience. The club also contains a swimming pool and event space you can rent for weddings and special occasions.

Sugar House’s median household income is 45.6% higher than the city average and 13.5% higher than the county average. Sugar House is in South Salt Lake, with Interstate 80 running through the center of the community, making it easy to navigate and drive through. However, you can find most of what you need in Sugar House, as the neighborhood contains a prominent commercial district with a Whole Foods Market, Patagonia Outlet, and Michaels. The neighborhood has options for condos and homes for sale, including opulent duplexes you can buy and turn into rentable units.

Central City | Centrally Located Wealthy Neighborhood With Opulent Apartments

  • Central City population: 2,954
  • Central City median household income: $56,200
  • Central City average home price: $499,500
  • Central City homes for sale

Central City, as the name suggests, is in the center of Salt Lake City, including a portion of the downtown area. It has a mixture of commercial and residential sections and a number of top Salt Lake City attractions. The Leonardo is the best science museum in the city and one of the best things to do in Salt Lake City with kids. Exhibits at The Leonardo combine the arts and sciences, featuring art installations from local artists and hands-on artifacts kids and teens can use to learn about scientific concepts.

Central City is the best place to live in Salt Lake City for luxury apartments. The Morton Apartments has studio, one-bedroom, and two-bedroom apartments between 534 and 910 square feet. Singles and couples can live comfortably in The Morton and enjoy upscale amenities like personal balconies, smart home technology, and quartz countertops. The DeWitt Apartments also has luxury apartments for singles and couples and numerous on-site resources for young professionals. You can work in on-site co-working spaces, meet with clients in a rooftop lounge, and socialize in a private club room.

Capitol Hill | Best Salt Lake City Neighborhood for Religious Services

  • Capitol Hill population: 7,254
  • Capitol Hill median household income: $53,200
  • Capitol Hill average home price: $540,000
  • Capitol Hill homes for sale

Capitol Hill is well known for being the home of Temple Square, the complex that houses many important buildings in the Church of Jesus Christ of Latter-Day Saints. You can attend church services at the Salt Lake Temple, watch concerts at the Salt Lake Tabernacle, and attend public meetings at the Salt Lake Assembly Hall. Capitol Hill is also home to the Utah State Capitol, which you can visit for tours and political meetings whenever you want. The community is in northern Salt Lake City, just north of Downtown Salt Lake City, giving you convenient access to the best museums in Salt Lake City.

The top 5% of households in Capitol Hill make $684,300 a year, the second-highest of any Salt Lake City neighborhood. You can buy glitzy townhomes and single-family homes for sale in Capitol Hill. Most Capitol Hill homes for sale have open floor plans, making them easy to maintain; you can turn rooms easily into entertainment, dining, and sleeping spaces. You can also buy a property with marble fireplaces, attached garages, and open flex entertainment rooms.

Rose Park | Family-Friendly Salt Lake City Neighborhood With Upscale Homes for Sale

  • Rose Park population: 10,884
  • Rose Park median household income: $52,600
  • Rose Park average home price: $462,450
  • Rose Park homes for sale

Rose Park is the northernmost neighborhood in Salt Lake City. It contains a mixture of attractions, including Rose Park Golf Course. The neighborhood contains an industrial sector with several prominent businesses like Alpha Transport and Sundt Construction, making it a good neighborhood for professionals and managers. It also contains a walkable residential sector adjacent to Interstate 15, so the neighborhood is easy to drive through and connected to other wealthy neighborhoods in Salt Lake City.

Rose Park is one of the best Salt Lake City neighborhoods for families. Rose Park Elementary School is in the center of the residential area. You can also send your kids to Guadalupe School, which caters to students of Hispanic and Latino descent between birth and sixth grade. The Day Riverside Library Utah is in western Rose Park and contains a public garden where you and your kids can learn about urban farming and organic gardening.

The community contains single-family homes with three or four bedrooms, making them suitable for large families. Many Rose Park homes for sale contain spacious yards of several thousand square feet, so you can place playgrounds, sheds, and other structures behind or in front of your home. You can find bungalows with spacious verandas and ranch-style properties with open floor plans and back patios.

Map of Richest Neighborhoods in Salt Lake City

You can use this map of the richest neighborhoods in Salt Lake City to find great attractions, restaurants, and homes for sale.

The richest neighborhoods in Salt Lake City are truly special places to live! You can find great communities for young entrepreneurs and businesspeople like Sugar House and Central City, as well as family-friendly neighborhoods like Yalecrest and Rose Park.

But before you start living in the most expensive neighborhoods in Salt Lake City, you need to find top Salt Lake City movers. Wasatch Moving Company has performed 20,000 individual moves over the last eight years. Call 801-758-0030 for a free moving estimate today.

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