Summit, UT is a small city located just outside of Salt Lake City. It is an attractive place to live due to its affordability with the average two bedroom rent being $1,010 compared to the US average of $1,430. The cost of groceries is also slightly lower than the national average at 93 versus 100 in the US. This makes Summit a great place for those looking for more affordability in their city living. There is no shortage of activities and amenities in Summit as it is home to many local businesses such as Studio 4 Photography, Good Things Utah, and Sun Valley Lumber Company. Whether you're looking for a new home or just a weekend trip out of town, Summit has something to offer everyone.
Summit has an unemployment rate of 2.8%. The US average is 6.0%.
Summit has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 51.5%, which is higher than the US average of 33.5%.
Tax Rates for Summit
- The Sales Tax Rate for Summit is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Summit 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 Summit
- The average income of a Summit resident is $26,424 a year. The US average is $37,638 a year.
- The Median household income of a Summit resident is $36,635 a year. The US average is $69,021 a year.