Midway, UT is a beautiful small town that offers plenty to explore and experience. It boasts some of the most stunning landscapes in Utah, making it an ideal place for outdoor activities like skiing, fishing, and hiking. Local businesses include Midway Mercantile, which has been providing quality groceries since 1876, as well as other notable establishments like the Homestead Resort and Wasatch Mountain State Park. The cost of living in Midway is slightly higher than the US average; two bedroom rent is $1,440 compared to $1,430 in the US on average and the Grocery Cost Index is 99 versus 100 in the US. Despite this, Midway remains a great place to work and live due to its natural beauty, recreational opportunities, and local business community.
Midway has an unemployment rate of 3.0%. The US average is 6.0%.
Midway 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 Midway
- The Sales Tax Rate for Midway is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Midway 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 Midway
- The average income of a Midway resident is $30,017 a year. The US average is $28,555 a year.
- The Median household income of a Midway resident is $108,672 a year. The US average is $69,021 a year.