Utah County, Utah: commercial real estate data.
Utah County, Utah has a population of 705,400 across 2,003 square miles, up 13.3 percent since the 2020 census base. County output reached $47.94 bn in 2024, 17,568 establishments operate here, and the SBA record carries 1,445 7(a) approvals worth $744.7 m.
123 sourced county values · tier FULL · 11 sections
Utah County
How many people live in Utah County
- Population705,400
- Households203,018
- Average household size3.47
- Median household income$100,671
- Median age25.8
- Median gross rent$1,541 per month
- Median owner-occupied home value$538,700
- Home value to household income5.4 times
- Annual rent as a share of median income18.4 percent
- Adults 25 and over with a bachelor degree or higher44.4 percent
- Adults 25 and over with a graduate degree13.7 percent
- Adults 25 and over363,946
- Population under 18222,988
- Share under 1831.6 percent
- Population 65 and over55,686
- Share 65 and over7.9 percent
- Working age population, 18 to 64426,726
- Civilian labor force363,771
- Unemployment rate3.8 percent
- Labor force participation, adults 18 and over75.4 percent
- Rank by population among Utah counties2nd of 29
- Rank by population among US county-equivalents96th
Utah County is the 2nd largest of 29 Utah counties by population. A median home costs 5.4 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 31.6 percent against 7.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Utah County
Is Utah County growing
- Population change since the 2020 census base13.32 percent
- Census 2020 base population659,397
- Births, 202412,008
- Deaths, 20243,284
- Natural change, 20248,724
- Net domestic migration, 20245,031
- Net international migration, 20248,054
- Total net migration, 202413,085
- Cumulative net domestic migration, 2021 to 202430,227
- Rank by growth among US county-equivalents82nd
The county has grown 13.32 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Utah County
Where people moving to Utah County come from
- Tax returns filed by households arriving17,292
- People arriving, from those returns35,817
- Adjusted gross income arriving$1.54 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$88,791
- Largest single originUtah County Non-migrants (207,312 households)
- Largest single destination (207,312 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Utah County Non-migrants | 207,312 | 537,499 | $23.24 bn |
| Salt Lake County | 5,631 | 11,726 | $490.6 m |
| Other flows - Different State | 3,391 | 6,975 | $409.8 m |
| Other flows - South | 1,221 | 2,631 | $104.9 m |
| Other flows - West | 1,140 | 2,266 | $226.2 m |
| Davis County | 753 | 1,569 | $48.7 m |
| Other flows - Midwest | 663 | 1,372 | $50.3 m |
| Maricopa County | 525 | 1,049 | $38.2 m |
The largest single source of arrivals is Utah County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Utah County
What the Utah County economy runs on
- County GDP, 2024$47.94 bn
- County GDP, 2023$43.85 bn
- GDP change, 2023 to 20249.3 percent
- GDP change over five years46.4 percent
- Rank by GDP among Utah counties2nd
- Rank by GDP among US county-equivalents123rd
- GDP per resident$67,966
Output grew 9.3 percent in the latest year and 46.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Utah County
Who employs people in Utah County
- Covered employment, annual average295,152
- Establishments reporting22,527
- Average annual pay$62,648
- Average weekly wage$1,205
- Sector 62, employment38,035
- Sector 62, average annual pay$50,663
- Sector 44-45, employment33,782
- Sector 44-45, average annual pay$41,571
- Sector 23, employment30,256
- Sector 23, average annual pay$68,326
- Sector 54, employment25,613
- Sector 54, average annual pay$110,094
- Sector 72, employment23,940
- Sector 31-33, employment23,681
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 38,035 | 2,651 | $50,663 |
| Sector 44-45 | 33,782 | 2,120 | $41,571 |
| Sector 23 | 30,256 | 2,875 | $68,326 |
| Sector 54 | 25,613 | 4,136 | $110,094 |
| Sector 72 | 23,940 | 1,167 | $21,331 |
| Sector 31-33 | 23,681 | 860 | $68,948 |
| Sector 56 | 17,149 | 1,276 | $51,628 |
| Sector 61 | 14,024 | 472 | $65,018 |
The largest sector is the biggest private employer group at 38,035 jobs, 12.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Utah County
What businesses operate in Utah County
- Establishments, all industries17,568
- Employment at those establishments274,566
- Annual payroll$15.32 bn
- Establishments per 1,000 residents24.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Utah County
What is being built in Utah County
- Housing units authorised by permit, 20246,321
- Declared construction value permitted$1.93 bn
- Single family units authorised5,174
- Multifamily units authorised1,147
- Multifamily share of units18.1 percent
- Average declared value per unit$305,801
- Units authorised per 1,000 households31.1
Multifamily is 18.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Utah County
How much SBA lending happens in Utah County
- 7(a) approvals recorded1,445
- 7(a) gross approval dollars$744.7 m
- Average 7(a) approval$515,358
- Median 7(a) approval$237,100
- 10th percentile approval$30,000
- 90th percentile approval$1,275,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)18,769
- Jobs per approval13.0
- Distinct 7(a) lenders active94
- Distinct industries receiving approvals328
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.4 percent
- Loans on real estate terms150
- Loans on working capital terms, 120 months or shorter1,218
- Franchise loans154
- Franchise share of approvals10.7 percent
- Leading industry by approval countSnack and Nonalcoholic Beverage Bars (39)
- Most active lenderCentral Bank (348)
- 504 approvals recorded914
- 504 gross approval dollars$699.6 m
- Average 504 approval$765,400
- Median 504 approval$503,000
- Distinct CDCs active9
- 504 jobs per approval11.2
- 504 jobs per million dollars approved14.7
- Most active CDCMountain West Small Business Finance (757)
- 7(a) share of SBA approvals61.3 percent
- Combined SBA approval dollars$1.44 bn
The average approval of $515,358 sits well above the median of $237,100, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 10.4 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Utah County
Do SBA loans in Utah County get paid back
- Loans with a final outcome recorded351
- Paid in full338
- Charged off13
- Charge off rate on resolved loans3.7 percent
- Status: Paid in full338
- Status: Charged off13
- Status: Exempt from disclosure857
- Status: Cancelled173
- Status: Committed, not yet disbursed64
Of the 351 loans that have reached a final outcome, 3.7 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Utah County
Which parts of Utah County get the lending
- Places in the county with recorded lending30
- LEHI, approvals213
- OREM, approvals203
- Provo, approvals160
- AMERICAN FORK, approvals124
- Pleasant Grove, approvals106
- Springville, approvals99
| Place | Approvals | Gross approval dollars |
|---|---|---|
| LEHI | 213 | $119,984,900 |
| OREM | 203 | $105,091,400 |
| Provo | 160 | $70,769,300 |
| AMERICAN FORK | 124 | $78,743,800 |
| Pleasant Grove | 106 | $63,941,300 |
| Springville | 99 | $62,605,300 |
| SPANISH FORK | 95 | $51,800,200 |
| SARATOGA SPRINGS | 76 | $25,669,800 |
LEHI accounts for 213 approvals against 203 in OREM. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Utah County
How big is Utah County
- Land area2,003 sq mi
- Rank by land area among Utah counties16th of 29
- Width, east to west71.7 mi
- Height, north to south55.2 mi
- Geographies sharing a boundary7
- Residents per square mile of land352
- Establishments per square mile8.77
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Utah County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Utah County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population705,400
- Households203,018
- Average household size3.47
- Median household income$100,671
- Median age25.8
Common questions
Utah County questions, answered from the record.
How many people live in Utah County, Utah?
705,400, in 203,018 households, ranking 2nd of 29 Utah counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Utah County growing?
The population has grown 13.32 percent since the 2020 census base. In 2024 there were 12,008 births against 3,284 deaths, with net migration of 13,085. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Utah County?
$100,671. The median owner-occupied home is valued at $538,700, which is 5.4 times income, and median gross rent is $1,541 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Utah County?
17,568 establishments, employing 274,566 people with an annual payroll of $15.32 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Utah County?
Average annual pay is $62,648, or $1,205 a week, across 295,152 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Utah County?
1,445 7(a) approvals totalling $744.7 m since FY2020, across 94 lenders, with a median approval of $237,100, plus 914 504 approvals worth $699.6 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Utah County get paid back?
Of the 351 loans that have reached a final outcome, 338 were paid in full and 13 charged off, a charge off rate of 3.7 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Utah County?
6,321 housing units were authorised by permit in 2024, with a declared construction value of $1.93 bn. Multifamily was 18.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Utah County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Utah County come from?
The largest single origin is Utah County Non-migrants, with 207,312 households. Arriving households report an average income of $88,791 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Utah County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Utah County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.