Tooele, UT is a city located between the Great Salt Lake and the Oquirrh Mountains in Utah. It is known for its friendly residents and variety of outdoor activities. Many people choose to live in Tooele because of the affordability. The average 2 bedroom rent in Tooele is $1,230 while it is $1,430 across the US as a whole. In addition, the Grocery Cost Index in Tooele is 93 compared to 100 in the US, so groceries are much more affordable than most other places.
The economy of Tooele is primarily driven by manufacturing companies such as W.M. Barr & Company Inc., Armour-Eckrich Meats LLC and AMES Companies Incorporated which produce products for households, automobile parts and tools respectively. Other companies like K&K Insurance Group Inc., Autoliv ASP Inc., Andrus Transports Inc., TDS Telecom and CityFibre Infrastructure Holdings Plc have also made their mark in the local economy of Tooele.
Tooele has an unemployment rate of 3.3%. The US average is 6.0%.
Tooele has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%.
Tax Rates for Tooele
- The Sales Tax Rate for Tooele is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Tooele 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 Tooele
- The average income of a Tooele resident is $21,596 a year. The US average is $28,555 a year.
- The Median household income of a Tooele resident is $76,618 a year. The US average is $69,021 a year.