Gunnison, UT is a small town with a population of just under 6,000 people. It has plenty of attractions to offer for visitors and locals alike. Residents can enjoy the outdoors with activities such as fishing, camping, skiing and golfing. The economy in Gunnison is mainly based on tourism, retail, service industries and agriculture. Some of the employers in the area include Rocky Mountain Power, Uintah Basin Medical Center, Utah State University Eastern Campus and Gunnison Valley Hospital. The cost of living in Gunnison is lower than the US average particularly when it comes to housing costs where two bedroom rents are approximately $860 compared to the US average of $1,430. Grocery costs are also significantly lower with an index rating of 92 compared to 100 in the US. Overall the economy in Gunnison is stable although potential growth could be limited due to its small population size.
Gunnison has an unemployment rate of 3.0%. The US average is 6.0%.
Gunnison 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 Gunnison
- The Sales Tax Rate for Gunnison is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Gunnison 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 Gunnison
- The average income of a Gunnison resident is $9,345 a year. The US average is $28,555 a year.
- The Median household income of a Gunnison resident is $73,625 a year. The US average is $69,021 a year.