Why Utah is One of the Fastest Growing States in the US
The Beehive State is one of the fastest-growing states in the nation. With its population expected to reach 5 million people by 2050, living in Utah has so much to offer that it’s no wonder the population will nearly double in the next 25 years or so. Not only is Utah a beautiful state with a plethora of outdoor activities at your fingertips, but it has an entrepreneurial environment that keeps unemployment rates low and a constant state of innovation and growth.
A High Standard of Living
Utah’s high standard of living is upheld by the abundance of outdoor activities, shopping centers, and other forms of entertainment that the state has to offer.
As far as the great outdoors go, Utah’s beautiful landscape is next to none. With gorgeous mountain ranges, vast forests, and beautiful lakes and reservoirs, Utah has an excellent environment for all of your favorite outdoor activities. Utah is home to five national parks including Arches, Bryce Canyon, Canyonlands, Capitol Reef, and Zion National Park. These beautiful areas of the state provide numerous different forms of entertainment. From camping and hiking to kayaking and rock climbing, the National Parks in Utah are sure to make your time in the state as picturesque and fun as possible.
Another benefit of living in Utah is getting to experience four distinct seasons every year. Getting to enjoy all four seasons and the different activities that come with them is one of the best parts of living in Utah. Winter activities like skiing and snowboarding are popular amongst Utahns. 10 world-class ski resorts in Utah will allow you to enjoy “the greatest snow on earth” in an up-close and personal way. Different types of ski passes will allow you to resort-hop, or you can choose to get a pass to a single resort and shred the snow there all season long.
Utah is home to several different shopping centers that are sure to keep you entertained while you’re living here. City Creek Center in Salt Lake and the Traverse Mountain Outlets in Lehi are two of the state-favorites when it comes to shopping centers.
All of the different activities Utah has to offer contribute to the high standard of living experienced throughout the state. There will always be something to enjoy in Utah’s unique environment while you’re living in the state.
Great Transportation Systems
Throughout the state of Utah, housing that is close to a transit system has become a high priority for housing developments. In an article from Forbes Magazine, Robert Grow said, “since 2021, 43% of all new multifamily units built in the Wasatch Front have been built within half a mile of a rail station.” This new focus on accessible transportation options for residents of the state has allowed Utah to develop an expansive public transportation system. Along the Wasatch Front, there is a great transportation system that includes the TRAX light rail, FrontRunner, and the UTA bus system. The combination of these three transportation services makes up a network that will take you where you need to go.
Another great aspect of the Utah public transit system is the bikes and electric scooters that can be used to get around Provo and Salt Lake City. When all of these branches of the public transit system are put together, it allows the residents to get to and from the places they need to go with ease.
A Booming Economy
Utah’s unemployment rate sits very low at 2.1% as of November 2021. The low unemployment rate is a big factor that contributes to people migrating into Utah. The vast and ever-growing tech industry, and the collaborative effort being made between businesses, government and labor are largely to thank for Utah’s thriving economy. Utah has about 8,200 tech businesses, so jobs in the tech industry continue to become available. With such a large amount of tech businesses, Utah has been needing to outsource talent from other states to keep the industry performing optimally.
Utah has a very low income and corporate tax rate of below 5%. Prosperity in Utah can also be tied to a young median age of 30.8 years. Because of Utah’s favorable demographic, the economy is expected to remain to have the best economic outlook among the 50 states. Utah’s economy was also the quickest to recover from the pandemic.
Contact Wright Homes Today to find a Beautiful Home in the Ever-Growing State of Utah
Wright Homes has communities all along the Wasatch Front that will allow you access to Utah’s wonderful scenery, booming economy, and fantastic public transportation system. Whether you’re looking to build a custom home, or you’re more interested in a home that is move-in-ready, here at Wright Homes we can help you find the perfect home for your lifestyle. Contact us today for any questions or information you need about finding a beautifully built, Wright Home in the beautiful state of Utah.