Lehi, UT is a small city located in Utah's Wasatch Front region and home to many local businesses like Adobe, Vivint Smart Home, and Oracle. The city has seen a rapid growth in recent years due to its proximity to Salt Lake City and the Silicon Slopes technology hub. The cost of living in Lehi is slightly higher than the US average due to rental costs being around $1,610 for a 2 bedroom apartment and grocery costs with an index of 96 versus 100 in the US. Despite this increase in cost of living, Lehi remains a popular destination for those looking for unique employment opportunities that only the Silicon Slopes can offer.
Lehi has an unemployment rate of 2.5%. The US average is 6.0%.
Lehi has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 54.8%, which is higher than the US average of 33.5%.
Tax Rates for Lehi
- The Sales Tax Rate for Lehi is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lehi 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 Lehi
- The average income of a Lehi resident is $22,510 a year. The US average is $28,555 a year.
- The Median household income of a Lehi resident is $108,669 a year. The US average is $69,021 a year.