Theme-Logo Herriman, UT


62,010

2020 Population

78.20%

Population increase, 2015-2020

15,940

Households

$94,837

Median Household Income

Attractive Demographics

Located just 20 miles southwest of Salt Lake City, Herriman City, a master-planned community, successfully balances small-town appeal while aggressively pursuing economic development opportunities.

As a result, we offer you a vibrant and young community that has quickly become one of the fastest growing cities in Utah, with a 78% growth rate over the last five years.

Encompassing 23 square miles with seven miles of freeway frontage, Herriman is an ideal choice for new and expanding businesses looking for a rapidly growing population, available land, lower business costs, shovel-ready sites, and an active lifestyle. Utah continues to receive accolades as the best state for business, with Herriman City proving to be one of its most valuable assets - a city on the rise.

Heather Upshaw
Economic Development Manager
ph: 801.446.5323
e: hupshaw@herriman.org

$360M

In unmet retail demand within Herriman

Retail Gap by Sector
Ranked by Spending Gap in Herriman
Herriman is currently underserved by its existing retail opportunities in comparison to its strong consumer demand, creating prime opportunity for businesses to capture sales leakage.

The majority of sales leakage is resulting from lost sales in the Motor Vehicle and Parts Dealers category, totaling over $77M!


Car dealerships are lacking in the southwest portion of Salt Lake County, with most dealerships located along I-15.  Based on population growth, Herriman and nearby areas could currently support 8 new car dealers.

 Given the median household income of $76K, and our variety of affordable housing options, Herriman residents have discretionary income, and an expressed desire for convenient dealership options. 

 Buying power will continue to rise as new developments further increase both population and retail demand. 

0

Automobile dealers in Herriman today

$77M

Auto dealer opportunity in Herriman

Download Colliers Development Brochure

8

Dine-in restaurants (not fast food) for population of 45k

$31M

Restaurant opportunity in Herriman

15,557

New housing units in 20 years

12,298

Labor force

1,146

Businesses

$94,837

Median Household Income
Business growth (YoY)
The number of firms has been growing.
Top 5 Sectors by Employment
Industry Employees Yearly Wage Firms Growth (YoY)
81 - Other Services (except Public Administration) 448 $46,276.41 74 0.03%
54 - Professional, Scientific, and Technical Services 1,440 $97,378.68 212 0.10%
71 - Arts, Entertainment, and Recreation 232 $41,942.99 13 0.03%
72 - Accommodation and Food Services 1,298 $23,574.50 61 0.05%
52 - Finance and Insurance 1,100 $92,858.23 74 0.04%
Average Yearly Income
$69,503
$72,244
$74,985
$77,726
$83,208
Employees
Average Yearly Income

32.11%

College Degree or Higher

3.10%

Unemployment Percentage

4.84%

Poverty Rate
Average Wages
The number of firms has been growing.