GDP
Utah's GDP reached about $248 billion in 2023, ranking 27th among U.S. states, powered by the "Silicon Slopes" tech corridor between Provo and Salt Lake City.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED UTRGSP).
| Indicator | Utah | U.S. |
|---|---|---|
| GDP (USD B) | 248 | 27700 |
- •Utah's Silicon Slopes corridor is home to companies like Qualtrics, Adobe and Ancestry.
- •Utah has been ranked the #1 state for economic outlook by ALEC for years.
GDP Growth
Utah's real GDP grew about 3.6% in 2023, among the fastest in the nation, powered by tech-sector expansion and construction activity.
Real GDP growth
1998–2025Annual % change in BEA real GDP (UTRGSP).
| Indicator | Utah | U.S. |
|---|---|---|
| GDP growth (%) | 3.6 | 2.9 |
Personal Income
Utah's per capita personal income is about $61,500, below the national average, in part reflecting its large household sizes rather than low wages.
Per capita personal income
1970–2025BEA, current dollars (FRED UTPCPI).
| Indicator | Utah | U.S. |
|---|---|---|
| Per capita income (USD) | 61500 | 65423 |
Median Household Income
Utah's median household income is $96,300, 6th highest in the nation, reflecting a young, highly employed workforce and strong tech-sector wages.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSUTA646N).
| Indicator | Utah | U.S. |
|---|---|---|
| Median household income (USD) | 96300 | 77719 |
Poverty Rate
Utah's poverty rate is about 9.0%, among the lowest in the country, supported by low unemployment and strong household income growth.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAAUT49000A156NCEN).
| Indicator | Utah | U.S. |
|---|---|---|
| Poverty rate (%) | 9 | 11.5 |
Inflation
Inflation in the Salt Lake City metro area has tracked close to the national average, moderating to around 3.0% year-over-year in 2024.
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
CPI inflation, West region
2007–2025BLS CPI-U all items, West region, annual average change (CUUR0400SA0).
| Indicator | Utah | U.S. |
|---|---|---|
| Inflation (%) | 3 | 3.2 |
Economic Output
Utah's economic output per worker continues to rise, driven by high-productivity tech and finance jobs concentrated in the Wasatch Front.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED UTNGSP).
| Indicator | Utah | U.S. |
|---|---|---|
| GDP per capita (USD) | 70900 | 81900 |
Industry Breakdown
Utah's economy is anchored by technology, mining, finance and outdoor-recreation tourism, with Silicon Slopes rivaling other major U.S. tech hubs.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED UTGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED UTMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED UTCONS).