Retiring in Utah: 21 Pros and Cons

Is Utah a good place to retire? That’s an important question. You’ve put in the years, the sweat, and the early mornings. Now, your retirement looms, and it deserves some much-needed relaxation and new adventures. As a resident of the state myself, I’m here to help you figure out whether or not the Beehive State is right for your golden years.

Like any major decision, there’s more to consider than meets the eye. Every place has its ups and downs, even somewhere as stunning as Utah. In the following article, you’ll explore the multitude of pros and cons this state has to offer.

What are the Pros of Retiring in Utah?

Utah has emerged as a popular destination for retirees, drawing attention for a variety of reasons. Known for its natural beauty and friendly communities, the state has much to offer those looking to settle down after a lifetime of work. The following list of pros will explore the specific aspects that may make Utah an attractive option for your retirement.

1) It’s Gorgeous

Nature’s grandeur is vividly showcased in Utah. From snow-capped peaks to sprawling canyons, the state’s landscapes offer a visual feast that never ends. Every moment spent here feels like a communion with nature’s most splendid works.

Picture waking up to sun-kissed mountains, spending afternoons by serene lakes, and enjoying sunsets that set the desert ablaze. In Utah, every day is a new opportunity to be in awe of the world’s beauty, making your retirement all the more enchanting.

I regularly find myself venturing outside in Utah to get in the right financial headspace. 

2) Lower Property Taxes 

When you retire, every penny counts. Settling down in Utah can mean saving significant money each year on your property taxes. Presently, the state sits at the 12th least expensive spot for property tax rates in the country.¹

3) Tons of Recreational Activities

When you retire in Utah, you’re not just choosing a place to live; you’re choosing adventure. The state has a treasure trove of recreational activities. Whether it’s gorgeous national parks, your favorite sports, or new social experiences, this state has you covered. 

Here are only some of the activities you can get into:

Hiking: Explore trails in Zion, Bryce Canyon, or Arches National Park.

Biking: Discover scenic paths like the Slickrock Trail in Moab.

Fishing: Cast a line in the Provo River or Fish Lake.

Golfing: Enjoy numerous golf courses with breathtaking mountain views.

Cultural Activities: Attend events at the Sundance Film Festival or explore Native American heritage sites.

Water Sports: Enjoy kayaking, paddle boarding, or boating in the many reservoirs, including Bear Lake and Lake Powell.

Rock Climbing: The unique rock formations, especially in places like Moab, provide world-class climbing experiences.

Off-Roading: Rent or bring an ATV to navigate the vast dunes and desert trails.

Camping: Experience the serenity of the wilderness in the Uinta Mountains or any of the national forests.

Bird Watching: The Great Salt Lake and surrounding wetlands are a haven for numerous bird species.

Photography: Capture the beauty of Delicate Arch, Monument Valley, or the colorful fall foliage in the Wasatch Mountains.

Stargazing: With many dark sky parks, including Canyonlands, see the stars like never before.

Spa Retreats: After a day of activity, rejuvenate at one of Utah’s luxury spa resorts.

Arts & Crafts: Participate in local workshops, from pottery to painting, that tap into the region’s rich artistry.

Historical Sites: Delve into the state’s history by visiting sites like the Golden Spike National Historical Park.

4) It’s a Snow Lover’s Paradise

Utah is a snow lover’s paradise. When you place your roots here, you’re opening the door to some of the best snow activities in the country. On top of a slew of other recreation activities, you’ll have access to world-class ski resorts and pristine snow-covered landscapes. You’ll also be able to try your hand at snowshoeing and ice fishing should you wish. 

5) You’ll See All Four Seasons

While Utah can be a winter wonderland, it’s not limited to just serving up snow. Utah lets you experience the beauty of all four seasons. When you retire here, you’re guaranteed a dynamic backdrop to your days, changing with the rhythms of nature.

You’ll see cherry blossoms bloom in the spring, feel the golden warmth of summer, and immerse yourself in the rich hues of autumn’s leaves. Here, you don’t just observe the seasons; you live them. 

6) Great Healthcare Systems

When you retire, having access to reliable and quality medical care becomes paramount. Thankfully, Utah boasts top-notch healthcare systems. You’ll have access to some of the best care in the country.

You’ll have peace of mind knowing that renowned hospitals and clinics are within reach. With a focus on innovation and patient-centered services, Utah ensures that your health is in competent hands. Think about a retirement where world-class healthcare is just around the corner, making your golden years even brighter.

7) Low Violent Crime Rate

Safety, especially in retirement, becomes a top priority. For that reason, states with the lowest crime rates have a particular appeal. Thankfully, Utah boasts a significantly lower violent crime rate than the national average.² When you choose to retire here, you’re selecting not just a scenic locale but also a secure environment. 

When you feel safe, you can actually relax in your home. You can take leisurely evening strolls and explore new sites with far more peace of mind. 

8) City and Country Living

If you crave the energy of a city, places like Salt Lake City beckon with cultural events, restaurants, and shopping. But if it’s the quiet and vast landscapes you desire, the rural expanses of Utah offer unmatched peace and connection to nature. Here, your retirement setting isn’t just a place; it’s a reflection of your preferred lifestyle.

9) Relatively Lower Cost of Living

Utah’s overall affordability stands out. Here, the cost of living is notably lower when compared to many other states.³ This means that your retirement savings don’t just remain intact; they flourish, allowing for a more enriched life.

With all Utah has to offer, you’ll want room in your budget to enjoy the state’s activities. Whether it’s traveling, picking up new hobbies, or dining out more often, Utah’s cost-effectiveness ensures that your ideal retirement lifestyle stays within reach.

10) Solid Transportation Networks

Utah’s commitment to efficient transportation is evident. The public transportation systems make moving around the state’s major cities seamless and noticeably better than other areas of the country. The buses, commuter trains, and light rails keep you, and any visiting family, in good hands.  

11) Friendly Community

Warmth and friendliness are trademarks of Utah’s residents. When you make Utah your home, you’re stepping into a community that genuinely values connections and good neighborliness. I speak from experience when I say that the people who live in Utah make this place even more special. 

12) Strong and Growing Economy

Utah’s economic strength is undeniable.⁴ A solid foundation combined with consistent growth and a strong job market makes it a beacon for businesses and opportunities. When you retire in a state like this, you’re immersing yourself in a place that’s not only stable but also progressive.

Think about the advantages that come with a booming economy: better amenities, advanced healthcare facilities, and potential investment opportunities. Your retirement in Utah isn’t just about relaxation; it’s about thriving in a state that’s on the rise.

What are the Cons of Retiring in Utah?

Unfortunately, like any location, retiring in Utah can come with certain challenges and potential drawbacks. The decision to make Utah your home in retirement should be made after considering all facets of what living in this unique state entails. This subsequent list of cons will delve into the particular concerns that some individuals may encounter when considering Utah for their golden years.

1) It Can Get Very Hot

Retiring in Utah has many advantages, but its heat is something you should consider. Summer temperatures in Utah can soar. This means you could face sweltering days and potentially uncomfortable nights.

You might find the heat challenging, especially if you’re used to cooler climates. Staying cool and hydrated will be crucial for you during these months. For some, the intensity of Utah’s summer heat can be a drawback when thinking about where to settle down for the long term.

2) It Can Also Get Very Cold

Winters in Utah can be exceptionally cold. Snowfall can be heavy, and temperatures often drop significantly. You might experience brisk days and freezing nights. If you’re accustomed to milder winters, this shift could be a challenge for you. If you’re a snow lover, it’s no problem, but if you prefer the sun exclusively, you may need a vacation home somewhere else. 

Please Note: Snow removal can be a BIG deal here. It’ll require plenty of elbow grease or room in your budget for hiring the pros. You’ll oftentimes have to drive in it as well, which is a skill that needs to be learned and can be tricky.

3) Peculiar Alcohol Restrictions

Choosing Utah as your retirement destination offers a picturesque environment, but there’s an aspect of local life you should familiarize yourself with. Utah has unique and somewhat restrictive alcohol laws. For instance, grocery stores can only sell beer with up to 5% alcohol by volume. Anything stronger will only be available at a state-operated liquor store. Additionally, formally designated restaurants can only serve alcohol to patrons who also order a food item from the menu.

You might find these regulations different from what you’re used to. If you enjoy a variety of alcoholic beverages or find convenience in purchasing them, these laws might be a consideration for you. Before settling down, it’s essential to understand Utah’s approach to alcohol to ensure it aligns with your desired lifestyle.

4) Much Rougher Air Quality

When considering Utah for retirement, its natural beauty might captivate you, but there’s a factor you should keep in mind. Utah, especially in cities like Salt Lake City, sometimes experiences poor air quality.⁵ This is often due to temperature inversions that trap polluted air in valleys, making it difficult to dissipate.

You might find the hazy days impacting your outdoor activities or health, especially if you have respiratory concerns. Ensuring you have the right health precautions and staying informed about air quality forecasts will be essential for you. So, while Utah offers many attractions, its air quality may need to be accounted for before planting your retirement roots. 

5) Housing Gets Pricey

While the overall cost of living in Utah is favorable to many states, housing prices themselves aren’t as attractive. Over recent years, Utah has seen a significant rise in home costs.⁶ Home prices in the state are noticeably higher than the national average.⁷ Whether you’re considering buying or renting, prices have been on an upward trend, driven by demand and growth in the area.

For you, this might mean allocating a larger portion of your retirement savings towards housing than initially anticipated. If budgeting is a priority for you, it’s essential to closely monitor the housing market in Utah. 

6) Droughts and Wildfires 

Utah grapples with droughts, leading to water restrictions in various regions. Moreover, these dry conditions often escalate the risk of wildfires, making some areas more susceptible to these natural disasters.

For you, this might mean being prepared for periodic water conservation measures and staying vigilant during peak fire seasons. Ensuring your property is safeguarded against potential fires and being aware of the local water situation will be pivotal. 

7) Higher Taxes

Compared to some other states, Utah might have a higher tax burden, encompassing both income and sales taxes. This will be a key consideration in your retirement planning. 

For you, this could mean allocating more of your retirement income towards taxes than you might have in other states. Understanding the state’s tax structure and how it affects your finances will be crucial. Before making Utah your home in retirement, it’s essential to weigh the impact of these higher potential taxes on your overall financial plan.

8) Landlocked

When envisioning retirement in Utah, its geographical features play a role. Whether you settle down in northern or southern Utah, you’re landlocked. You won’t have direct access to an ocean or sea. While it boasts stunning lakes and reservoirs, ocean beaches are notably absent.

For you, this could mean adjusting your expectations if you’re fond of oceanfront views or sea breezes. If beach walks or maritime activities are integral to your ideal retirement lifestyle, you’ll need to look elsewhere for a retirement or vacation spot.

9) Lack of Diversity

Utah has a rich cultural history and scenic landscapes, but there’s a demographic facet you might want to consider. Historically, Utah has been less diverse in terms of ethnicity and culture compared to some other states in the U.S.

For you, this might influence the range of cultural experiences, cuisines, and community events available in the state. If you value a highly diverse environment or seek varied cultural exchanges in your daily life, this could be a point of contemplation. As you think about retiring in Utah, understanding the state’s demographic makeup is crucial in evaluating how well it aligns with your desired community experience.

Retiring in Utah FAQs

Is Utah a Good State to Retire in?

Utah presents a diverse array of features that can make it an appealing destination for retirement. From its captivating natural landscapes and enjoyment of all four seasons to solid healthcare systems, low crime rates, and economic stability, the state offers a well-rounded living experience. A lower cost of living and friendly community further enhance Utah’s appeal for many retirees.

However, potential challenges must be acknowledged as well. The state’s extreme weather conditions, particular alcohol regulations, and rising housing prices may not suit everyone’s preferences or needs. Other factors like air quality, landlocked geography, and lack of cultural diversity may be considerable too. 

Ultimately, retiring in Utah may be an excellent option or not, depending on how you weigh the various pros and cons, and how they align with your unique situation and values.

What are the Best Places to Retire in Utah?

Your satisfaction in retirement often depends on where you live. Thankfully, Utah offers a wealth of appealing locations for those considering retirement, each with its unique charm and amenities. The following are some potential places you may find to be the most rewarding in this beautiful state:

Salt Lake City: As Utah’s capital, Salt Lake City provides an energetic urban environment with cultural events, restaurants, and shopping venues. With access to healthcare facilities and public transportation, it offers the conveniences of city living combined with nearby natural beauty.

St. George: Known for its warm climate and proximity to several national parks, St. George is ideal for outdoor enthusiasts. The town boasts golf courses, hiking trails, and a strong sense of community, making it a sought-after destination for retirees.

Provo: Home to Brigham Young University, Provo offers a blend of youthful energy and cultural richness. The city has a strong focus on education and arts, and its position near Utah Lake provides scenic views and recreational opportunities.

Park City: If you’re a lover of winter sports and mountain living, Park City may be the perfect choice. With world-class ski resorts and a vibrant arts scene, Park City combines luxury with outdoor adventure.

Ogden: With a rich history and a revitalized downtown area, Ogden offers a blend of urban and suburban living. Its access to outdoor recreation, along with a friendly community feel, makes it an appealing spot for retirees.

Logan: Known for its picturesque landscapes and agricultural roots, Logan provides a serene environment for those seeking a quieter pace. Its arts and education scene, fueled by Utah State University, adds to the town’s charm.

However, choosing the best place to retire in Utah will ultimately depend on your preferences and needs. Factors such as climate, community engagement, accessibility to healthcare, outdoor activities, and cost of living will play a vital role in your decision. Understanding your priorities and weighing them against what each location offers will be pivotal in finding the place that aligns perfectly with your retirement dreams.

What are Some Retirement Communities in Utah?

Finding the right retirement community in Utah will require a thoughtful examination of your specific needs, lifestyle preferences, and financial considerations. Each community offers distinct amenities, care levels, and cultural atmospheres, so touring facilities, speaking with residents, and assessing your priorities will be essential steps in choosing the one that will make your golden years truly golden. Below, are just some of your potential options:

SunRiver St. George: Designed for active adults, SunRiver offers a wide array of amenities including golf courses, fitness centers, and social clubs. The community fosters a lively atmosphere in the warm and scenic surroundings of St. George.

Highland Cove Retirement: Located in Salt Lake City, Highland Cove offers a blend of independent and assisted living options. With its focus on wellness and a range of social activities, it provides a balanced and supportive environment.

Summerfield Retirement: Situated in Orem, Summerfield Retirement provides a continuum of care, including independent living, assisted living, and memory care. Its array of amenities and community activities emphasizes engagement and well-being.

Treeo Orem: Also positioned in Orem, Treeo combines modern living with a strong sense of community. Designed for active seniors, it encourages growth, connection, and wellness through a variety of programs and amenities.

Cedarwood at Sandy: Nestled in Sandy, this community offers various living options tailored to individual needs. With its lush gardens, walking paths, and a focus on lifelong learning, Cedarwood creates a stimulating and nurturing environment.

Courtyard at Jamestown Assisted Living: Located in Provo, this community provides a blend of luxury and comfort with its personalized care and elegant design. With a strong emphasis on community engagement and enrichment, Courtyard at Jamestown offers a fulfilling experience.

Legacy Village of Sugar House: Located in the heart of Salt Lake City, Legacy Village offers a range of services from independent living to memory care. With its urban setting and sophisticated style, it offers an enriched urban lifestyle.

Let Us Help You With Retiring in Utah (Or Elsewhere!)

At Snowpine Wealth, we pride ourselves on understanding the nuances of retirement planning, especially when it comes to location-specific considerations. From my personal experience living in Utah, I can attest to its unique blend of beauty, affordability, and community appeal. Yet, like any place, it isn’t for everyone. The key is to match your retirement desires and needs with a location that best fulfills them.

You deserve a retirement that aligns with your aspirations and lifestyle preferences. Whether it’s the tranquility of Utah’s natural landscapes or another dream destination, making an informed decision requires thorough planning and expert advice. Remember, the beauty of retirement is in its freedom to choose how and where you spend your golden years.

Are you contemplating Utah as your retirement haven or another enticing location? Don’t hesitate to reach out! Let us help you navigate the intricacies of retirement planning, ensuring that you’re set up for a fulfilling and financially secure future. Your dream retirement is within reach. Let’s plan for it together. Schedule a complimentary introduction call with me here. 

– Ryan Smith CFP®

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor. Fixed insurance products and services not offered through Commonwealth Financial Network®.

Citations:

1. https://www.rocketmortgage.com/learn/property-taxes-by-state
2. https://www.safewise.com/blog/safest-cities-utah/.
3. https://www.usnews.com/news/best-states/rankings/opportunity/affordability/cost-living
4. https://governor.utah.gov/2023/04/14/news-release-utah-named-state-with-best-economic-outlook-for-16th-year-in-a-row/
5. https://www.slc.gov/sustainability/air-quality/
6. https://www.abc4.com/news/local-news/housing-prices-in-utah-have-increased-by-200-since-2000/
7. https://www.fool.com/the-ascent/research/average-house-price-state/