Spring Lake, UT is a small town situated in the state of Utah. This quaint little town provides locals with an affordable cost of living due to its low rental rates and grocery cost index. 2 bedroom rental costs in Spring Lake are $1,130 per month compared to $1,430 nationwide. The local grocery cost index is also significantly lower than the US average at 94 versus 100. Local businesses such as Spring Lake Outfitters, Spring Lake Pizza Co., and Applewood Grocery Store provide residents with everyday items and conveniences. Overall, living in Spring lake is great for those looking for a comfortable lifestyle on a budget.
Spring Lake has an unemployment rate of 2.5%. The US average is 6.0%.
Spring Lake has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 51.7%, which is higher than the US average of 33.5%.
Tax Rates for Spring Lake
- The Sales Tax Rate for Spring Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Spring Lake 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 Spring Lake
- The average income of a Spring Lake resident is $23,391 a year. The US average is $37,638 a year.
- The Median household income of a Spring Lake resident is $56,094 a year. The US average is $69,021 a year.