Fayette, UT is a small town located in Utah county with a population of about 2,000 people. It’s situated near other cities such as American Fork and Lehi, making it ideal for commuters. The average two-bedroom rent in Fayette is $830 per month which is much lower than the national average of $1,430. The grocery cost index in Fayette is 92 versus 100 in the US. Local companies include Mountain View Hospital, Smith's Food & Drug Stores, and Sanderson Ford. Fayette has a semi-arid climate characterized by hot summers and cool winters. Entertainment venues are plentiful; some spots to check out are Loveland Living Planet Aquarium, Pioneer Park Nature Center and Jordanelle State Park for outdoor activities like camping and fishing.
Fayette has an unemployment rate of 3.0%. The US average is 6.0%.
Fayette has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette
- The average income of a Fayette resident is $22,285 a year. The US average is $37,638 a year.
- The Median household income of a Fayette resident is $65,781 a year. The US average is $69,021 a year.