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Show Money Income of Households Utah's population is unique in that it is characterized by large, young families. Larger household size and a younger population lower per capita income because children, who do not contribute to income, are included in the calculations. Because of this, money income of households may be a better comparative measure of income status in Utah than per capita income. By this measure, Utah compares favorably to the U.S. and well above the Mountain States region. Table 10. Money Income of Households* Mountain Utah as a % of Year Utah States U.S. U.S. 1984 $31,135 $30,574 $30,268 102.9 1986 33,643 30,350 31,871 105.6 1988 31,206 29,403 32,288 96.6 1990 32,356 30,231 32,142 100.7 1992 34,433 29,962 30,786 111.8 *Median income by state, in constant (1992) dollars. Figure 9 Money Income of Households, 1984-1992 Utah Mountain States U.S. 29,000 1984 1986 1988 1990 1992 Cost of Living Table 11. SLC Cost of Living Index * All Items Health Care Year (100%) (5%) 1981 100.1 100.9 1982 100.9 100.6 1983 96.0 98.6 1984 98.0 106.8 1985 101.7 103.2 1986 101.4 105.3 1987 99.3 101.6 1988 98.3 106.1 1989 95.6 100.9 1990 92.0 93.7 1991 93.8 93.3 1992 96.9 101.1 1993 96.8 99.6 1994 97.5 108.6 1995 99.6 109.0 The Cost of Living Index measures differences in costs of consumer goods and services in six categories: grocery items, housing, utilities, transportation, health care, and miscellaneous goods and services. Values above 100 indicate that costs are higher than the U.S. average, while values below 100 represent costs lower than the U.S. average. This Cost of Living Index is calculated only for participating communities. The cost of living in Salt Lake City is almost equal to that of the national average. *Salt Lake City Metropolitan Area Averages (compared to 100% average of U.S.) Data from the American Chamber of Commerce Researchers Association (ACCRA). Utah's Health: An Annual Review 1996 41 |