Peter, UT Economy


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Peter, UT is a vibrant town located in the heart of Utah. It is close to many attractions, including ski resorts, national parks, and lakeside recreation. The cost of living in Peter, UT is quite reasonable compared to other parts of the country. The average rent for a two-bedroom apartment in Peter is $950 per month, while the national average is $1430. Additionally, grocery costs in Peter are 96 on an index versus 100 in the US.
There are many local businesses that residents can enjoy in Peter, UT. There are restaurants such as The Coffee Corner and Bistro 824 that serve delicious home-cooked meals at great prices. There are also shops like Wild Things Clothing Store and Rustic Furniture Boutique where people can find unique items for their homes. Overall, Peter, UT has something for everyone!

Peter has an unemployment rate of 2.0%. The US average is 6.0%.

Peter has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.

Tax Rates for Peter
- The Sales Tax Rate for Peter is -214,682,627,300.0%. The US average is 7.3%.
- The Income Tax Rate for Peter 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 Peter
- The average income of a Peter resident is $23,581 a year. The US average is $28,555 a year.
- The Median household income of a Peter resident is $93,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPeter, UtahUnited States
  26
  0.2%-6.2%
  38.3%33.5%
  6.6%6.2%
  5.0%4.6%
  $31,369$37,638
  $93,750$69,021
  $111,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  16.4%10.0%
  0.0%2.5%
  41.8%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  23.8%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  7.4%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  10.7%4.7%
Health
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