Cottonwood Heights, UT is a great place to live with a diverse range of high-quality amenities. It is home to many excellent companies such as IHC Health Services, Intermountain Healthcare, Adobe Systems and Thermo Fisher Scientific that offer employment opportunities for locals. The city also offers a variety of recreational activities including the Bonneville Shoreline Trail which is ideal for hiking and biking as well as other outdoor sports like skiing and snowboarding at nearby ski resorts. Additionally, Cottonwood Heights has plenty of shopping destinations, restaurants and cafes to explore. The rental rate of two bedroom apartments in this city is quite affordable at $1,780 compared to the US average of $1,430; furthermore, the cost of groceries here is lower than the national average with an index score of 97 versus 100. With its excellent job opportunities and easy access to all kinds of amenities and activities, Cottonwood Heights provides an excellent quality of life for its residents.
Cottonwood Heights has an unemployment rate of 2.7%. The US average is 6.0%.
Cottonwood Heights has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Cottonwood Heights
- The Sales Tax Rate for Cottonwood Heights is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood Heights 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 Cottonwood Heights
- The average income of a Cottonwood Heights resident is $38,477 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood Heights resident is $99,645 a year. The US average is $69,021 a year.