Originally a farming and mining community, Salt Lake City has grown into a diverse economic region, and its service sector provides most of the city’s jobs. Salt Lake City also has thriving tourism and construction industries.
On July 1st, 2018, the city’s population stood at 200,591, a 7.6% growth from April 1st, 2010. Slightly more than a fifth (20.9%) of the population is under 18 years old, while people aged 65 years and over make up 10.6% of the population.
Salt Lake City is also a full-service customs port city with a foreign trade zone, which contributes to more than 550 million pounds of express mail and air cargo going through the Salt Lake International Airport annually.
The city has a large pool of highly skilled workers, which is a leading factor for companies that decide to base their headquarters there. In fact, a study conducted by CBRE and commissioned by the Downtown Alliance revealed that Utah’s capital ranks high in terms of the recent growth in its working-age population, compared to many other cities with larger populations.
Despite how prosperous Salt Lake City appears to be, there are still people there that struggle financially. If you live in Salt Lake City and you’re in need of personal loans, read on to find out about your options.