La Verkin, UT is an idyllic small town located in the southwest of Utah. It's known for its picturesque backdrop of desert vistas and stunning red rock formations. The town has a population of just under 5,000 people and offers affordable 2 bedroom rental prices of $1,210 compared to the US average of $1,430. The cost of groceries is also lower than the US index rating at 92 versus 100.
The region is home to companies like LaVerkin Electric, LaVerkin Plumbing & Heating and All American Lawn Care & Pressure Washing that help keep the local economy running smoothly. There are also a number of smaller businesses such as beauty salons, bars and restaurants that contribute to the area's presence within the state of Utah. With its affordable living costs, scenic outlooks and thriving local economy La Verkin makes for a great place to settle down or visit on vacation.
La Verkin has an unemployment rate of 3.0%. The US average is 6.0%.
La Verkin has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 56.2%, which is higher than the US average of 33.5%.
Tax Rates for La Verkin
- The Sales Tax Rate for La Verkin is 6.4%. The US average is 7.3%.
- The Income Tax Rate for La Verkin 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 La Verkin
- The average income of a La Verkin resident is $16,364 a year. The US average is $28,555 a year.
- The Median household income of a La Verkin resident is $51,058 a year. The US average is $69,021 a year.