Draper, UT is a city located in the state of Utah with a population estimated to be around 45,000 people. It is known for its low cost of living, as evidenced by its two-bedroom rent averaging at $1,900 compared to the US average of $1,430. The Grocery Cost Index in Draper is also below the US average, making it a great place to save money on groceries.
Draper has many local companies that are well-known throughout Utah such as Jive Communications, one of the largest cloud-based phone providers; Omniture, Inc., an analytics and marketing company; and Vivint Smart Home, an alarm system provider. Other large companies headquartered in Draper include Adobe Systems Inc., Ivanti and Instructure. All of these businesses have had a positive impact on Draper's economy and are helping to propel the city forward.
Draper has an unemployment rate of 2.7%. The US average is 6.0%.
Draper has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 41.4%, which is higher than the US average of 33.5%.
Tax Rates for Draper
- The Sales Tax Rate for Draper is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Draper 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 Draper
- The average income of a Draper resident is $34,083 a year. The US average is $28,555 a year.
- The Median household income of a Draper resident is $116,977 a year. The US average is $69,021 a year.