Richfield, UT Economy


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United States / Utah / No Metro Area / Sevier County / Richfield / Zip Codes
Richfield, UT is a small city located in Central Utah. It is known for its natural beauty and outdoor recreation opportunities. The area is rapidly growing and becoming a popular destination for families and retirees alike. The two-bedroom rent in Richfield, UT is significantly lower than the national average of $1,430, making it a great option for those looking to save money while still enjoying all that the city has to offer.
There are many local businesses in Richfield, UT such as NAPA Auto Parts, KFC, WinCo Foods and Maverik Gas Station. These businesses provide excellent services and products to the local community. Additionally, there are several restaurants in the area including Sub Stop Deli and Pizza Hut.
Amenities in Richfield include several parks such as Blue Hills Park & Recreation Area which offers many recreational activities like hiking and biking trails as well as picnic areas for family gatherings or celebrations. There are also several shopping districts with stores such as Walmart Supercenter and Richfield Plaza Shopping Center where residents can find any items they may need. Richfield's cost of living is highly affordable with groceries costing around 92% of the national average. With so much to offer at an affordable price, it's no wonder why so many people are flocking to Richfield!

Richfield has an unemployment rate of 4.0%. The US average is 6.0%.

Richfield has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.

Tax Rates for Richfield
- The Sales Tax Rate for Richfield is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Richfield 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 Richfield
- The average income of a Richfield resident is $16,765 a year. The US average is $28,555 a year.
- The Median household income of a Richfield resident is $53,836 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichfield, UtahUnited States
  46
  -0.7%-6.2%
  33.6%33.5%
  6.6%6.2%
  5.0%4.6%
  $21,577$37,638
  $53,836$69,021
  $67,299$85,028
  Population by Occupation
  0.4%1.2%
  3.8%0.5%
  8.0%6.8%
  4.1%10.0%
  1.7%2.5%
  14.4%11.0%
  4.5%4.8%
  0.9%0.8%
  1.6%1.9%
  1.3%4.7%
  0.4%1.9%
  5.6%7.6%
  0.0%0.1%
  4.1%4.2%
  7.4%9.3%
  13.1%14.0%
  3.2%2.1%
  12.5%7.0%
  4.2%4.8%
  8.8%4.7%
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