Utah Foundation Significant Statistics

Significant Statistics | The Price of Prosperity – Rents and Construction

Written by: Staff

Growth and prosperity are likely to be serious issues facing Utahns over the coming decade. We can see this in the drivers of recent rent increases along the Wasatch Front. Further, there is a good chance that current financial market conditions will sharply push up rents again in the future. Rents on the Increase Rapid rent increases are neither entirely recent nor purely COVID-related – as illustrated by the rent increases seen between 2010 and … Continued

The Revenue Report: Utah’s Projections Process

Written by: Christopher Collard

The Utah Constitution requires that the state balance its budget.1 That is as simple as aligning revenues with the annual budget expenses. Both the Governor and Utah State Legislature produce budgets. The Governor releases budget recommendations in November for the Legislature to consider. The Legislature produces the state’s final budget in late February or early March. But how do they know what Utah’s revenues will look like over the next year in order to ensure … Continued

Significant Statistics | Utah Has the Third-Highest Educational Attainment in the Nation

Written by: Staff

The latest data show that Utah’s post-high school attainment rate is 61.1%, well above the national average of 53.7%. We are the third highest in the country. Educational attainment is defined by the highest level of education achieved. The benchmark of attainment rate includes the share of individuals who received meaningful education beyond high school graduation. This includes college degrees, but also high-quality certificates and certifications. The proportion of a state’s residents with higher levels … Continued

The Revenue Report: Income and Sales Tax Surprise

Written by: Staff

Welcome to the first Revenue Report from the Utah Foundation. As state taxes and government spending have always been among Utah’s top ten concerns in Utah Foundation’s “Utah Priorities Project,” we thought it would be helpful to provide a monthly discussion on Utah’s state revenues.  In this month’s discussion we highlight the income and sales tax surprise – how  revenue collections are well above expectations. The Utah State Tax Commission periodically releases a revenue snapshot … Continued

Significant Statistics | How is Utah performing on the Nation’s Report Card?

Written by: Shawn Teigen

The National Assessment of Education Progress – or the Nation’s Report Card – has been administered to students around the nation by the U.S. Department of Education for decades. Based upon the scores achieved, students are measured as “advanced,” “proficient,” “basic” or “below basic.” When looking at whether students are proficient, 2022 was a bad year. While states and the nation had been trending upward since 2000 with their proficient percentages on the math and … Continued

Significant Statistics | The Pursuit of Happiness in Utah: How are We Doing?

Written by: Shawn Teigen

The Utah Foundation recently released its Personal Quality of Life Index. It shows that Utahns’ well-being is on the downward slide, declining from a score of 82 in 2018 to 76 in 2022. But how might Utah compare to other states? We don’t have a national version of our Quality of Life survey, but we can get a glimpse from other indicators. For instance, WalletHub’s recent “Happiest States” rating shows that Utah comes in at … Continued

Significant Statistics | Salt Lake Remains Second Highest Metro for Home Price Increases

Written by: Shawn Teigen

The Utah Foundation’s 2022 Quality of Life project shows that Utahns’ perception of community quality of life is in decline. Housing affordability and other costs of living accounted for nearly two-thirds of the overall decrease in community quality of life from 2018 to 2022 The Federal Reserve increased interest rates four times in five months (March, May, June and July) in part to slow inflation. That seems to be having an impact in the housing … Continued

Significant Statistics | Can Carpenters Afford the Homes They Build?

Written by: Shawn Teigen

Having recently completed our “middle housing” project (see the project page here), the Utah Foundation continues to track Utah’s housing issues. A recent find is the Carpenter Index. AEI’s Housing Center created its Carpenter Index as a way of tracking housing affordability in the country’s 100 largest metro areas. The Index looks at the income for the average carpenter-headed household as a proxy for blue-collar Americans’ incomes. The gist of the question: Can carpenters afford … Continued

Significant Statistics | Utah Teacher Pay to 2020

Written by: Shawn Teigen

New data from the U.S. Department of Education suggest that, when adjusting for inflation, teacher pay has held steady from 1990 to 2020. Mountain States’ average teacher pay has — with one exception — been below the national average. Pay in Colorado, Nevada and Arizona neared the U.S. in 1990 but has since decreased. On the other hand, pay has increased in others, including Utah. (And New Mexico skyrocketed from 2019 to 2020.) However, Utah … Continued