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 Assessment

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

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

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

Data period: 2024. Last updated: April 2026.