Spanish Fork, UT Economy


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Spanish Fork, UT is a great place to live for those looking for an affordable lifestyle. The average two bedroom apartment rents at $1,220 per month while the US average is only slightly higher at $1,430. Additionally, grocery costs in Spanish Fork are 6% lower than the national average, furthering savings opportunities. For those looking to explore the area, there are many local companies and amenities to enjoy. Notable companies include Novell Inc., Utah Valley University and PalletOne of Utah. There are also plenty of recreational activities such as golf courses, picnic spots, parks and walking trails in the area. Spanish Fork truly has something for everyone!

Spanish Fork has an unemployment rate of 2.7%. The US average is 6.0%.

Spanish Fork has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 50.4%, which is higher than the US average of 33.5%.

Tax Rates for Spanish Fork
- The Sales Tax Rate for Spanish Fork is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Spanish Fork is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Spanish Fork
- The average income of a Spanish Fork resident is $19,133 a year. The US average is $28,555 a year.
- The Median household income of a Spanish Fork resident is $84,903 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpanish Fork, UtahUnited States
  2.76
  0.4%-6.2%
  50.4%33.5%
  6.8%6.2%
  5.0%4.6%
  $27,292$37,638
  $84,903$69,021
  $90,625$85,028
  Population by Occupation
  0.7%1.2%
  0.1%0.5%
  8.8%6.8%
  11.5%10.0%
  2.6%2.5%
  12.7%11.0%
  1.8%4.8%
  0.7%0.8%
  2.1%1.9%
  4.2%4.7%
  1.5%1.9%
  7.4%7.6%
  0.3%0.1%
  4.0%4.2%
  14.3%9.3%
  12.9%14.0%
  2.1%2.1%
  4.8%7.0%
  3.0%4.8%
  4.4%4.7%
Reviews for Spanish Fork
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Over 9 years ago

we have lived here for 8 years no and love it.  More

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Spanish Fork is a pretty town with folks who really take time to help you to feel like this is home. Lots of nice shops and very affordable housing. The way of life is a  More

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Over 12 years ago

Cold in the winter, hot in the summer. No  More

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