Hoytsville, UT is an ideal place to live due to its affordability. The average 2 bedroom rent is significantly lower than the national average at only $1,660 compared to the US’s average of $1,430. The grocery cost index in Hoytsville is 95 versus 100 in the US so groceries are even more affordable in this area. There are a variety of local businesses that call Hoytsville home such as The Woodshop, Black Bear Coffee Company, and Mountain River Brewing Company. When all these factors are considered together it is easy to see why Hoytsville offers an attractive cost of living for those looking for a great place to live.
Hoytsville has an unemployment rate of 2.8%. The US average is 6.0%.
Hoytsville has seen the job market decrease by -7.4% 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 Hoytsville
- The Sales Tax Rate for Hoytsville is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Hoytsville 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 Hoytsville
- The average income of a Hoytsville resident is $31,340 a year. The US average is $37,638 a year.
- The Median household income of a Hoytsville resident is $58,523 a year. The US average is $69,021 a year.