Portage, UT Economy


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Portage, UT is a small city located near the border of Utah and Colorado. It is known for its beautiful mountain views and lovely outdoor activities such as hiking and biking. The cost of living in Portage is very affordable, with the average two-bedroom rent priced at $1,100 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Portage is 91 versus 100 in the US. \nPortage has many local companies including Roseberry Construction LLC and A&M Electric. For education there are options such as the Intermountain Catholic School or Sunrise Elementary School. Those looking for fun activities can enjoy visiting Burnham Rocks State Park or Country Place Golf Course.

Portage has an unemployment rate of 2.5%. The US average is 6.0%.

Portage has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 39.8%, which is higher than the US average of 33.5%.

Tax Rates for Portage
- The Sales Tax Rate for Portage is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Portage 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 Portage
- The average income of a Portage resident is $25,684 a year. The US average is $37,638 a year.
- The Median household income of a Portage resident is $48,958 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPortage, 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%
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