More and more people are starting to uproot themselves from the states they’ve lived in all their lives and moving somewhere else entirely. There seems to be an influx of people moving to Utah, and not many people know why. Instead of leaving you in the dark, here are several reasons why there is a population boom in Utah.
Quality Of Life
Most people are moving to Utah because the quality of life there is considered the best in the country. The rate of unemployment is low, Homes for Sales in Utah are quite affordable, there is great healthcare, and there is wide access to an array of state and national parks. With almost 50 parks to go to, you won’t be bored and you’ll definitely connect with the great outdoors on a deeper level.
Good Tech Environment
Utah is becoming one of the best places for tech professionals to find work. many of the biggest names in the tech industry call Utah their headquarters, including Overstock.com, Microsoft, Adobe, Meta, and several more. They’re mostly in Salt Lake City, which isn’t far from the scenic nature areas that Utah is known for. These high-paying jobs are not only expanding the tech industry, they’re also bringing a lot more jobs to the state, which is certainly boosting their economy.
Affordability
Utah is ranked in the middle of all 50 states in terms of affordability. The economy itself is one of the main reasons most people are starting to move there since it ranks amongst the best in the nation. This makes it easy for those who want to live a certain lifestyle without having to break their bank accounts.
The Effect Of The Population Boom On Utah
The prices of homes in Utah have been appreciating every year; currently, the appreciation value is 23% higher than last year. Although this means that home prices are going up, they are still more affordable than more affluent cities across the country. However, because of these prices, more and more people have been buying them up, leading to a low supply of house on the market. What makes Utah more unique is that it is geographically limited in its real estate location. Moving to Utah will restrict you from moving to Salt Lake City or anywhere in the nearby area because of how inhospitable the rest of the state is.
How Big Has The Population Boom Been?
In the span of four years, the population of Utah had a big migration spike, with about 30,000 being the net number during its highest period. The majority of the population came from California, though it was low on the list of states that Californians moved to during this time.
If you’re thinking of moving to Utah, then it’s important that you speak to a real estate agent in the area. They might be able to help you find an affordable home in an area you’ll love that’s close to all the things you want to get out of your new location.