Rocky Ridge, UT is a small town located in the Utah mountains. The cost of living is significantly lower than the US average, with two bedroom rent for only $960 compared to the national average of $1,430. Groceries are also more affordable in Rocky Ridge, with a grocery cost index of 94 compared to 100 nationally. The local economy is bolstered by the presence of several companies such as Rocky Ridge Telecom and Rocky Ridge Mining Co. Other prominent businesses include Rocky Ridge Dairy, Rocky Ridge Automatics and Rocky Ridge Carpentry. These businesses provide employment opportunities for residents and contribute to the local economy.
Rocky Ridge has an unemployment rate of 2.3%. The US average is 6.0%.
Rocky Ridge has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 53.5%, which is higher than the US average of 33.5%.
Tax Rates for Rocky Ridge
- The Sales Tax Rate for Rocky Ridge is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Rocky Ridge 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 Rocky Ridge
- The average income of a Rocky Ridge resident is $8,832 a year. The US average is $28,555 a year.
- The Median household income of a Rocky Ridge resident is $78,750 a year. The US average is $69,021 a year.