Parowan, UT Economy


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Parowan, UT is a quiet small town surrounded by breathtaking mountains and stunning views. It has a relatively low cost of living compared to other places in the United States. The average rent for a 2 bedroom apartment is $970 versus $1,430 in the US, and the Grocery Cost Index is 91 versus 100 in the US. Local companies include Parowan City Hall, Zion National Bank, Southern Utah University, Parowan Valley Nursing Home, and Star Valley Medical Center.

Parowan has an unemployment rate of 2.8%. The US average is 6.0%.

Parowan has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 51.5%, which is higher than the US average of 33.5%.

Tax Rates for Parowan
- The Sales Tax Rate for Parowan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parowan 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 Parowan
- The average income of a Parowan resident is $18,614 a year. The US average is $28,555 a year.
- The Median household income of a Parowan resident is $44,085 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParowan, UtahUnited States
  2.86
  1.7%-6.2%
  51.5%33.5%
  6.0%6.2%
  5.0%4.6%
  $21,833$37,638
  $44,085$69,021
  $50,625$85,028
  Population by Occupation
  2.8%1.2%
  0.0%0.5%
  12.1%6.8%
  4.2%10.0%
  0.0%2.5%
  17.0%11.0%
  2.2%4.8%
  0.0%0.8%
  0.0%1.9%
  10.0%4.7%
  0.0%1.9%
  2.4%7.6%
  0.0%0.1%
  12.3%4.2%
  5.4%9.3%
  13.8%14.0%
  1.3%2.1%
  4.0%7.0%
  0.0%4.8%
  12.5%4.7%
Health
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