This marks the second consecutive year that the state has clinched the top spot. Utah's impressive performance in the areas of education, economy, infrastructure, and fiscal stability, where it ranked second, third, sixth, and sixth respectively, contributed to its high overall ranking.
Governor Spencer Cox of Utah attributes the state's success to its vibrant economy, stunning natural beauty, and most importantly, its people. "Utah has a vibrant, diverse economy and unsurpassed natural beauty, but what truly sets our state apart is our people," he stated. "We lead the nation in volunteering and charitable giving every year and this spirit of community leads to a collaborative approach to problem solving, an ecosystem that supports innovation, and a culture that strengthens families and individuals."
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The rankings evaluated states across eight categories, including health care, education, economy, infrastructure, opportunity, fiscal stability, crime and corrections, and natural environment. The evaluation process involved considering over 70 metrics and tens of thousands of data points, such as employment, internet access, affordability, and public safety.
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In recent years, Utah has emerged as a hub for startups and tech entrepreneurs, contributing to its thriving economy. The state's unemployment rate in March was a mere 2.8%, significantly lower than the national rate of 3.8% during the same period, as reported by the U.S. Bureau of Labor Statistics.
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Joel Carson, a real estate broker at Utah Real Estate based in Salt Lake City, lauds Utah as a fantastic place to live and work. He highlighted the state's national parks, including Zion National Park, as key attractions. "It’s really attracting a lot of people," he said.
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Despite the high median home list price of $604,105 in April, as per Realtor.com® data, the real estate market in Utah remains robust. The number of homes for sale increased by 15% annually, even though the median home list price dropped by 2.6% year over year. Carson noted that the market is competitive, with one of his reasonably priced listings near downtown Salt Lake City receiving 23 offers in April.
The report did not include a complete list of the best states in America in 2024, but it did provide the median home list prices for several states, ranging from $309,225 to $799,999.
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