The most recent census figures have shed light on something that many people who live in Utah already know: that the state of Utah, sometimes known as the “Beehive State,” is one of the best places in the United States to make your home. The population of Utah has expanded by almost twenty percent over the previous ten years, making it the state with the highest growth rate in the United States.
But why are so many individuals in other states considering moving to Utah as their new residence? For several different reasons, the real estate market in Utah has evolved from being the West’s best-kept secret to being one of the most sought-after markets.
In the following paragraphs, find out more about the pros and cons of migrating to Utah and the characteristics that make the state such an attractive place to call home.
Reasons Why You Should Consider Moving To Utah
Utah is a state that boasts a gorgeous terrain, a low unemployment rate, and a low cost of living, so it is easy to see why so many people chose to move to Utah from other places.
Maintaining the Status Quo in the Economy
Recent research conducted by U.S. News & World Report placed Utah on the list of states with the strongest economies. Retiring in Utah is one of the most significant aspects of the state’s thriving economy, which helps explain why it rates so highly in other economic categories. This helps explain why Utah performs so well overall (sixth in the business climate, third in growth, and second in employment).
The most recent statistics on unemployment in Utah indicate a rate of 2.6%, much lower than the average rate of 5.2% nationwide. While employment growth in the United States reached a new low of -2.8% in August 2021, Utah reported a 2.8% rise in employment over the preceding two years.
Affordability
Utah is one of the states in the United States that has some of the lowest costs of living overall compared to other western states. This makes it one of the most affordable states. Compared to San Francisco, California, the cost of living in the Provo-Orem metropolitan area is at least 34% lower. This difference may be seen in areas such as food, transportation, and entertainment costs.
National parks with breathtakingly beautiful scenery
With five national parks and some of the best skiing and snowboarding in the world, Utah is a paradise for outdoor enthusiasts. The amazing powder days and peaceful mountain walks are only two examples of the many different kinds of outdoor activities that are accessible.
