Hyde Park, UT is a small town located in Cache County, Utah. It offers residents a rural atmosphere with easy access to both recreation and urban amenities. The average two-bedroom rent in Hyde Park is $980 - significantly lower than the national average of $1,430. Grocery costs are also much lower, with an index of 94 versus 100 across the US. This makes Hyde Park an attractive option for people looking to escape an expensive city or who are on a budget but still want to take advantage of all that Utah has to offer.
The local economy is supported by businesses like Smith's grocery store, Classic Cleaners dry cleaning services, Whitney's Auto Repair shop, and Pioneer Bank. With its low cost of living and vibrant local economy, Hyde Park provides residents with an ideal place to live and work while enjoying everything that northern Utah has to offer.
Hyde Park has an unemployment rate of 2.0%. The US average is 6.0%.
Hyde Park has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Hyde Park
- The Sales Tax Rate for Hyde Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hyde 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 Hyde Park
- The average income of a Hyde Park resident is $23,566 a year. The US average is $28,555 a year.
- The Median household income of a Hyde Park resident is $82,787 a year. The US average is $69,021 a year.