Elk Ridge, UT is a small suburban town located in Utah County. It is known for its tranquil environment and close proximity to larger cities such as Salt Lake City. As such, it is a great place to live for those looking for some peace and quiet while still being able to access amenities nearby. The cost of living in Elk Ridge is quite affordable with 2 bedroom rent averaging $1,130 compared to the national average which is $1,430. Additionally, the grocery cost index in Elk Ridge is 94 compared to 100 in the US. Popular local companies in Elk Ridge include Boulders Inn & Suites, Carmel’s Cafe & Catering, and Browning Electric.
Elk Ridge has an unemployment rate of 2.5%. The US average is 6.0%.
Elk Ridge 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 Elk Ridge
- The Sales Tax Rate for Elk Ridge is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Elk Ridge 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 Elk Ridge
- The average income of a Elk Ridge resident is $21,538 a year. The US average is $28,555 a year.
- The Median household income of a Elk Ridge resident is $108,750 a year. The US average is $69,021 a year.