Hanksville, UT is a small town known for its rural charm and access to outdoor activities. Located in Wayne County, this tight-knit community offers a peaceful environment with plenty of opportunities for adventure. With a population of just over 300 people, Hanksville has several local businesses that provide residents with amenities such as grocery stores, restaurants, and other services. The low 2 bedroom rent in Hanksville is $840 compared to the US average of $1,430. This discrepancy can be attributed to the fact that this area is much less populated than other places throughout the country which means there is a smaller demand for rental properties. Additionally, the grocery cost index in Hanksville is 91 versus 100 in the US providing further evidence that living costs tend to be lower here than elsewhere.
Hanksville has an unemployment rate of 6.3%. The US average is 6.0%.
Hanksville has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Hanksville
- The Sales Tax Rate for Hanksville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hanksville 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 Hanksville
- The average income of a Hanksville resident is $14,729 a year. The US average is $28,555 a year.
- The Median household income of a Hanksville resident is $34,063 a year. The US average is $69,021 a year.