Vernal, UT is an attractive city for those looking to save on living costs or adjust to a slower paced lifestyle. The average rent rate for a two-bedroom apartment is $840, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Vernal is 93 compared to 100 in the US. With such cost-efficient living options comes an opportunity to explore local businesses like Vernal Dining & Shopping Center, M&M Family Market and Uintah Basin Medical Center. Residents can take advantage of these amenities while still enjoying a small town charm and numerous outdoor activities in the nearby mountains and lakes. An interesting fact about Vernal is that it has been home to many dinosaurs; fossils have been found all over the area!
Vernal has an unemployment rate of 6.3%. The US average is 6.0%.
Vernal has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 7.3%, which is lower than the US average of 33.5%.
Tax Rates for Vernal
- The Sales Tax Rate for Vernal is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Vernal 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 Vernal
- The average income of a Vernal resident is $23,022 a year. The US average is $37,638 a year.
- The Median household income of a Vernal resident is $50,692 a year. The US average is $69,021 a year.