Independence, UT is a small city with a population of approximately 3,000 people. The cost of living in this city is quite reasonable when compared to other cities in the US. Rent for two bedroom apartments averages around $1,750 per month, which is slightly higher than the national average of $1,430. The Grocery Cost Index in Independence, UT is 97 versus 100 in the US as well.
The local economy consists of various small businesses including Melvo Food Mart, Treasures Thrift Store and T&T Auto Repair shop. Residents are able to purchase quality food and goods at an affordable price from these local stores and businesses. Moreover, there are also plenty of activities available for locals to take part in such as hiking trails along the mountains or fishing in the lakes on the outskirts of town. All these factors make Independence an attractive place to live with a low cost of living.
Independence has an unemployment rate of 3.0%. The US average is 6.0%.
Independence has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 54.6%, which is higher than the US average of 33.5%.
Tax Rates for Independence
- The Sales Tax Rate for Independence is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Independence 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 Independence
- The average income of a Independence resident is $31,282 a year. The US average is $28,555 a year.
- The Median household income of a Independence resident is $138,750 a year. The US average is $69,021 a year.