Palmyra, UT is a small town located in Utah with a population of approximately 5,000 people. The cost of living in Palmyra is relatively low compared to the national average. Rent for a two bedroom apartment or home in Palmyra is around $1,220 compared to the national average of $1,430. Additionally, the grocery cost index in Palmyra is 94 versus the US index of 100. There are many local businesses that offer great services to the community such as Swenson's appliance repair which offers quality repairs on all major appliances, Smith’s grocery store where you can purchase your groceries at an affordable price, and Uintah Basin Medical Center where you can receive excellent medical care.
Palmyra has an unemployment rate of 2.5%. The US average is 6.0%.
Palmyra 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 51.7%, which is higher than the US average of 33.5%.
Tax Rates for Palmyra
- The Sales Tax Rate for Palmyra is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Palmyra 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 Palmyra
- The average income of a Palmyra resident is $25,686 a year. The US average is $28,555 a year.
- The Median household income of a Palmyra resident is $93,452 a year. The US average is $69,021 a year.