Magna metro, UT Economy


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Magna, UT is a great place to live with many local amenities and businesses. It has an average 2 bedroom rent of $1,490 which is slightly higher than the US average of $1,430. The grocery cost index in Magna is 93 compared to the US index of 100 giving its residents access to affordable groceries. Nearby businesses include Walmart, Maverik gas station, and Rocky Mountain Raceways. It also offers plenty of recreational activities for locals such as cycling trails and golf courses that are part of Magna's history. With its relaxed lifestyle and stunning mountain views, it is easy to see why Magna is a popular place for people from all walks of life.

Magna metro has an unemployment rate of 3.0%. The US average is 6.0%.

Magna metro has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.

Tax Rates for Magna metro
- The Sales Tax Rate for Magna metro is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Magna metro 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 Magna metro
- The average income of a Magna metro resident is $25,556 a year. The US average is $37,638 a year.
- The Median household income of a Magna metro resident is $72,705 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMagna metro, UtahUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Magna metro
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Over 11 years ago

very affordable  More

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Over 14 years ago

Cyprus High School is  More

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Over 17 years ago

I disagree with the rating of water in Magna - water in Utah in general needs to be filtered. Magna water comes from two wells which are very chlorinated. In the  More

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