Ephraim, UT Economy


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United States / Utah / No Metro Area / Sanpete County / Ephraim / Zip Codes
Ephraim, UT is a small town located in Central Utah. It is known for its friendly residents and beautiful landscapes. The cost of living in Ephraim is quite affordable, with a two bedroom rental being around $840 per month. Grocery costs are also below the national average, with an index of 92 versus 100 in the US. Some local companies in Ephraim include Hatch Family Chocolates, Mammoth Caves RV Park, and The Quilting Nook. All these businesses offer quality products and services at reasonable prices so you can make the most of your time and money while living in this wonderful Utah town.

Ephraim has an unemployment rate of 3.0%. The US average is 6.0%.

Ephraim has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.

Tax Rates for Ephraim
- The Sales Tax Rate for Ephraim is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ephraim 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 Ephraim
- The average income of a Ephraim resident is $14,729 a year. The US average is $28,555 a year.
- The Median household income of a Ephraim resident is $60,982 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEphraim, UtahUnited States
  36
  0.7%-6.2%
  40.7%33.5%
  6.5%6.2%
  5.0%4.6%
  $20,246$37,638
  $60,982$69,021
  $78,500$85,028
  Population by Occupation
  1.6%1.2%
  3.2%0.5%
  5.2%6.8%
  6.2%10.0%
  3.5%2.5%
  9.2%11.0%
  1.4%4.8%
  0.0%0.8%
  0.7%1.9%
  0.9%4.7%
  2.1%1.9%
  0.7%7.6%
  0.2%0.1%
  3.9%4.2%
  31.7%9.3%
  6.8%14.0%
  4.1%2.1%
  6.7%7.0%
  3.9%4.8%
  8.0%4.7%
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