Spanish Valley, UT is an area located in southeastern Utah. This area has many local companies such as Uintah Basin Energy, Tejon Ranch, and Spanish Valley Oil & Gas Company. Rent for two bedroom apartments in this area is significantly lower than the national average at $1,200 compared to $1,430 in the US. Additionally, grocery costs are low with an index of 95 compared to 100 nationally. This makes Spanish Valley UT an attractive place for people looking for affordable living expenses.
Spanish Valley has an unemployment rate of 7.0%. The US average is 6.0%.
Spanish Valley has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Spanish Valley
- The Sales Tax Rate for Spanish Valley is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Spanish Valley 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 Spanish Valley
- The average income of a Spanish Valley resident is $22,685 a year. The US average is $28,555 a year.
- The Median household income of a Spanish Valley resident is $119,485 a year. The US average is $69,021 a year.