Springville, UT is a vibrant city with much to offer. With an average 2 bedroom rent of $1,060 as opposed to the US average of $1,430, it is an attractive spot for those looking to save money on housing costs. Additionally, the grocery cost index in Springville is 94 versus 100 in the US which is another great way to save money. \nThe area offers a variety of activities and attractions including The Springville Museum of Art, The Art City Trolley Tour, and The Covey Center for the Arts. There are also plenty of local businesses such as Driggs Title Company, Rocky Mountain Raceways, and Kinetix Gymnastics that provide employment opportunities and contribute to the local economy.
Springville has an unemployment rate of 2.9%. The US average is 6.0%.
Springville 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 50.3%, which is higher than the US average of 33.5%.
Tax Rates for Springville
- The Sales Tax Rate for Springville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Springville 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 Springville
- The average income of a Springville resident is $20,510 a year. The US average is $28,555 a year.
- The Median household income of a Springville resident is $76,982 a year. The US average is $69,021 a year.