Summit Park, UT is a great place to call home with its beautiful mountainside scenery and close proximity to local amenities. Located just outside of Salt Lake City, Summit Park offers many job opportunities at local businesses such as Snow Creek Lumber Co., an independent lumber yard that prides itself on offering quality products and services, or Solitude Mountain Resort, where you can enjoy outdoor winter activities like skiing and snowboarding. The cost of living in Summit Park is slightly higher than the US average due to the high rent prices (2 Bedroom Rent = $3,020) and grocery cost index (102 vs 100), but it is well worth the expense for those looking for a peaceful mountain retreat.
Summit Park has an unemployment rate of 2.8%. The US average is 6.0%.
Summit Park has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Summit Park
- The Sales Tax Rate for Summit Park is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Summit Park 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 Summit Park
- The average income of a Summit Park resident is $50,803 a year. The US average is $28,555 a year.
- The Median household income of a Summit Park resident is $156,200 a year. The US average is $69,021 a year.