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Utah has always had a large supply of people entering the workforce due to the high birthrate. This is a large factor in keeping the wages low. If one person won't work for the wage, there's 50 who will. Couple that with a large influx of people moving here from all over the country. Utah traditionally had a low housing cost and low cost of living. This is attractive to someone who is sick of the high cost of housing and living in places such as Cali. That person could sell their very average house over there for $700k or so, come to SLC, take a paycut compared to what they were making, but still live well based on the money they made from selling their house back in Cali. Enough people do this over the years and the market starts to respond in the form of higher housing prices. The wages have no reason to go up, however, if there is enough supply of people willing to take them for low wages. It's a tough spot to be in as a local.
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House prices in salt lake
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