NAICS 53

Real Estate and Rental and Leasing in Salt Lake City-Murray, UT

Metro Market Score 56.7 (Challenging), ranked #258 of 330 metros. 3,046 establishments, 12,992 jobs.

Metro Market Score 56.7

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Market conditions for real estate and rental and leasing in Salt Lake City-Murray are tougher than average. The 56.7 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #258 of 330 metros.

Industry Concentration

79.4

LQ: 1.02

Rank #262 of 330 metros

Wage Competitiveness

93.6

$78,890 avg wage

Growth Trend

↑ 65.8

Employment growth index

Rank #114 of 330 metros

Wage Pressure

15.8

YoY wage change index

3,046 Real Estate and Rental and Leasing Firms in Salt Lake City-Murray

3,046

Establishments

+2.6% YoY

12,992

Total Employment

+2.2% YoY

$78,890

Average Annual Wage

+2.6% YoY

1.02

Location Quotient

Above national avg

Within Utah

#5 of 5

real estate and rental and leasing metros in state

Utah state rank

#38 of 51

for real estate and rental and leasing entry risk

vs State Median

+11.9

worse than median (44.8)

Salt Lake City-Murray vs Utah Statewide

How this metro's real estate and rental and leasing market compares to Utah overall. The state ranks #38/51 for entry risk.

Measure	Salt Lake City-Murray	UT Statewide
Overall Score	56.7 Challenging	46.6 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#258 of 330 metros	#38 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Salt Lake City-Murray

Healthcare and Social Assistance 41.2 Accommodation and Food Services 44.2 Other Services 52.2 Construction 61.4 Finance and Insurance 61.8 Retail Trade 62.5 Information 67.8 Professional, Scientific, and Technical Services 69.4 Administrative and Support Services 72.8

Real Estate and Rental and Leasing in Other Utah Metros

St. George 28.0 #58/330 Logan 31.6 #77/330 Ogden 44.8 #184/330 Provo-Orem-Lehi 52.1 #232/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Salt Lake City-Murray's 56.7 score. Useful when comparing markets with comparable entry profiles.

Harrisburg-Carlisle, PA 56.7 #259/330 Hartford-West Hartford-East Hartford, CT 56.6 #257/330 Spokane-Spokane Valley, WA 56.4 #256/330 Wenatchee-East Wenatchee, WA 57.0 #260/330 Stockton-Lodi, CA 56.1 #255/330 Port St. Lucie, FL 56.0 #254/330 Charlottesville, VA 57.3 #261/330 Charlotte-Concord-Gastonia, NC 55.5 #253/330 Des Moines-West Des Moines, IA 55.5 #252/330 Greensboro-High Point, NC 58.0 #262/330

Real Estate and Rental and Leasing in States Bordering Utah

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Idaho 43.4 #32/51 Wyoming 49.6 #41/51 Colorado 52.1 #44/51 New Mexico 52.3 #45/51 Arizona 52.4 #46/51 Nevada 61.9 #51/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Salt Lake City-Murray's real estate and rental and leasing sector, the wage competitiveness component (93.6) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Salt Lake City-Murray, UT MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment