Hatch, UT is a small town located in the southwestern part of the state. The town is known for its rural lifestyle and pleasant atmosphere. It is a great place to live for those who want some peace and quiet away from the hustle and bustle of city life. Not only that, but Hatch also offers an affordable cost of living. The median rent for a two-bedroom apartment is $1,270, which is significantly lower than the national median of $1,430. Groceries are also relatively cheap with a grocery cost index of 91 compared to 100 in the US on average.
The town hosts various local businesses including Hatch Furniture Store, Lucky's Auto Sales, and Hatch Insurance Center. These businesses provide services to the locals as well as visitors in need of furniture, auto parts, or insurance coverage respectively. With low rental prices and affordable groceries, Hatch is an ideal place for those looking for a peaceful yet budget-friendly environment to live in.
Hatch has an unemployment rate of 9.2%. The US average is 6.0%.
Hatch has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Hatch
- The Sales Tax Rate for Hatch is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hatch 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 Hatch
- The average income of a Hatch resident is $17,828 a year. The US average is $28,555 a year.
- The Median household income of a Hatch resident is $86,250 a year. The US average is $69,021 a year.