Quick facts: Riverton, UT

Quick Facts

105.9
Cost of Living
above US average
44,599
Population
11.82
Crime Rate per 1000
below US average
$115,869
Median Income
above US average
$675,000
Median House Price
above US average
$2389.21
Average Rent
above US average
6%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $115,869.

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Income Needed to Buy

βœ— Stretch
$212k/year
Based on $675,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $212k vs median $115,869
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Income Needed to Rent

βœ“ Affordable
$102k/year
Based on $2389.21/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($115,869) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Riverton, UT

Riverton is a vibrant city located in Salt Lake County, Utah, nestled within the picturesque Wasatch Front region. Established in 1848 and incorporated in 1891, Riverton has experienced significant growth and development, transforming from a small agricultural community into a bustling suburban hub. The city is known for its family-friendly atmosphere, with an emphasis on outdoor activities and community events. Riverton boasts a range of recreational options, including parks, trails, and nearby mountains for hiking and skiing. The South Jordan River Parkway and numerous neighborhood parks provide ample green space for residents and visitors alike. Additionally, Riverton features a thriving local economy with diverse businesses, shopping areas, and entertainment options, including the popular Riverton Town Center. The city is well-connected to the larger Salt Lake City metropolitan area via the TRAX light rail and major highways, making it an ideal location for commuters. Education is a priority here, with several highly-rated schools and access to higher education institutions nearby. Overall, Riverton exemplifies a dynamic blend of suburban living, recreational opportunities, and community spirit.

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