Thompson Springs, UT is a small town with an affordable cost of living. The average two-bedroom rent in Thompson Springs is $1,260, which is much lower than the national average of $1,430. Additionally, the grocery cost index is 95 compared to the national average of 100. Local businesses in this area include Thompson Springs Garage and Repair Shop, Ponderosa Barbershop, and the Thompson Springs Library. All of these local businesses provide quality services and products to their customers with competitive prices.
Thompson Springs has an unemployment rate of 4.8%. The US average is 6.0%.
Thompson Springs has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Thompson Springs
- The Sales Tax Rate for Thompson Springs is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Thompson Springs 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 Thompson Springs
- The average income of a Thompson Springs resident is $7,158 a year. The US average is $37,638 a year.
- The Median household income of a Thompson Springs resident is $0 a year. The US average is $69,021 a year.