Utah’s Economy: Renters Increase by 60,000 in Ten Years

Utah's Economy- Renters Increase by 60,000 in Ten YearsIn the past 10 years the number of renter households in Utah increased by 60,000. Of the 877,000 households in Utah in 2010, 260,000 were renters. While the most recent decade saw the largest absolute increase in new renters, in relative terms the 30 percent increase between 2000 and 2010 was about average.

The decade with the largest gain in renters was the 1980s when the number of renters grew by 42 percent, while the 1960s was the slowest growing decade with only 4.6 percent increase. In 2010 30 percent of all households were renters. Over the last 50 years renter occupied units (as a percent of total occupied units) has fluctuated in a narrow range of 28 percent to 34 percent.

Read the entire report:Download Utah Economy August 2011

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