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.