The total amount of properties with foreclosure filings in the state of Utah is about 27,140 properties in the past year, averaging out to one filing for every 34 households, higher than the United States average of 45. This is almost three percent of the state's housing units.
Utah is the 34th largest U.S. state by population, with 2,736,424 people, and the 40th most densely populated state with its 84,889 square miles making it the 13th largest state by area. The per capita personal income is $24,977, with a median household income of $56,633. The total gross state product is $114.5 billion, 0.78% of the total U.S. gross domestic product.
Utah is enjoying an economic renaissance as it attempts to transform itself from a farming- and natural resources-based economy into a modern corporate center. The State New Economy Index said that Utah is the top state for "economic dynamism." This is a reflection of its increasingly global, technology-driven economic expansion. Mining, including coal, and fossil fuels including oil are both significant industries in the state. When Utah hosted the 2002 Winter Olympics in Salt Lake City, it sparked tourist activity that has continued to grow. Utah boasts five national parks including Zion and Bryce Canyon, and hosts the Sundance Film Festival.