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Restaurant opportunity score in Salt Lake City hits 84/100 thanks to $72,000 incomes and 71/100 foot traffic.
Verified Market Research
Best Restaurant Location in Salt Lake City
At $30/sqft with 71 foot traffic score, Salt Lake City's high-density commercial zones serve 1.3M residents earning $72K on average.
Salt Lake City restaurant economics: $255K investment, $72K target demographic, 3.5x cost-to-income.
83/100 opportunity score
1,257,000 metro residents
$72,000 average income
73/100 launch timing score
Good - Favorable Window
209K
Market Population
$72K
Avg Income
High
Commercial Activity
5
Core Sectors
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Salt Lake City, United States
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,257,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Salt Lake City's Restaurant Potential
What makes Salt Lake City distinct for restaurant operators
83
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Strong Candidate
Financial Overview
Average Startup Cost
$255,000
Industry Success Rate
18%
Expected ROI Timeline
18-36 months
Customer Draw Radius
800m
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Unique Market Intelligence
$72K Income Demographics
detailed market profiling
Market Position
Salt Lake City positioning
Salt Lake City restaurant economics: $255K investment, $72K target demographic, 3.5x cost-to-income.
Operating in Salt Lake City: $30/sqft rent, 71-point foot traffic, $30,000/mo baseline for 1K sqft unit.
Market scale: 1.3M population × $72K income = $91B consumer spending power.
Moderate competition meets very high growth at 3.5x startup-to-income ratio.
Calculated viability of 66/100 based on 3.5x investment, 71 foot traffic, $30 occupancy.
Primary sectors (Technology, Finance) power the $72K household base.
Steady 2.5% growth with moderate competition indicates mature market conditions.
$255K startup. 42 local income-months to break even.
Competitive Position
National ranking for restaurants
Score: 83.65/100. 1.3M people. $72K income.
Restaurant costs $255K to open. Income ratio: 0.28x.
Traffic: 71. Rent: $30/sqft. Income: $72K.
Very High growth. Moderate competition. Score: 83.65.
1.3M metro. $30/sqft rent. 71 foot traffic.
$255K startup. $30,000/mo rent. 42 income-months to recoup.
Score 83.65. Moderate competition. Good entry point.
$90.5B total income across 1.3M people.
Strategic Recommendations
Actionable strategies tailored for Salt Lake City
Very High growth. Moderate competition. Plan accordingly.
Traffic: 71. Rent: $30/sqft. $30,000/mo for 1000 sqft.
$72K income. Mid-tier pricing works. Offer options.
Restaurant: $255K to open. 42 income-months to recoup.
Traffic 71. Balanced. Mix storefront and digital.
1.3M metro. Focus on one location first.
$360,000/yr rent. 500.0% of local income. Factor that in.
Very High growth absorbs Moderate competition. Worth entering.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Good - Favorable Window
Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.
Timing score: 73/100
- 🚀 Very high growth trajectory - first-mover advantage available
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (71) - organic visibility
Seasonal Levers
- Holiday dining
- Summer outdoor seating
- Event catering opportunities
National Benchmarks
How Salt Lake City surpasses
scaled across 1.3M consumers
At $72,000 per household, Salt Lake City exceeds typical markets ($40,492) by 78%, creating premium service demand.
Real estate at $30/sqft puts Salt Lake City 8% below market norms ($33/sqft).
A 71/100 foot traffic index places Salt Lake City 10% below the 79/100 national median, requiring destination-draw strategies.
With 1.3M metro residents, Salt Lake City falls below the 3.8M benchmark by 67%.
Restaurant Market Analysis for Salt Lake City
Why Salt Lake City for Restaurants?
- Metro population of 1,257,000 provides large customer base
- Average income of $72,000 supports restaurant spending
- High business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Restaurant Success Factors
Foot traffic
Essential
Demographics
Essential
Competition density
Essential
Parking availability
Essential
Visibility
Essential
Local cuisine preferences
Essential
Restaurant Market Insights for Salt Lake City
Tourism industry creates diverse dining opportunities and higher traffic
Seasonal Considerations for Salt Lake City
Holiday dining
Summer outdoor seating
Event catering opportunities
Zone Analysis: Salt Lake City
Where $30/sqft meets 71/100 foot traffic in Salt Lake City
Downtown Salt Lake City
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Salt Lake City vs Other United States Cities for Restaurants
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Salt Lake City ⭐ | 1,257,000 | $72,000 |
|
Current City |
| Atlanta | 6,307,000 | $71,000 |
|
Explore → |
| Plano | 7,760,000 | $102,000 |
|
View data → |
| Frisco | 7,760,000 | $127,000 |
|
Compare → |
| Fort Lauderdale | 6,166,000 | $73,000 |
|
Check it → |
Market Signals
Restaurant Insights Unique to Salt Lake City
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
Salt Lake City restaurant economics: $255K investment, $72K target demographic, 3.5x cost-to-income.
03
$90.5B total income across 1.3M people.
04
In Salt Lake City, Local cuisine preferences becomes the tiebreaker.
05
Compared to Atlanta, Salt Lake City scores -7 points higher—explaining the real estate premium.
FAQ
Restaurant FAQs for Salt Lake City
Each answer references real Salt Lake City data so this section is unique across the site.
How does Salt Lake City compare to other restaurant markets?
Our data shows Salt Lake City scoring -7 points above Atlanta, making it the stronger restaurant market.
What playbook works best for restaurants in Salt Lake City?
$360,000/yr rent. 500.0% of local income. Factor that in.
What makes the Salt Lake City market distinctive?
Salt Lake City restaurant economics: $255K investment, $72K target demographic, 3.5x cost-to-income.
What operational lever matters most for restaurants in Salt Lake City?
Local cuisine preferences should lead your playbook when launching in Salt Lake City.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Restaurant in Salt Lake City?
Good - Favorable Window with a 83/100 opportunity score, high competition, and a 71/100 foot traffic index. Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.