West Wood, UT is a small town located in the central United States. It is known for its low cost of living and has become increasingly popular with retirees and young families. The average rent for a two bedroom apartment in West Wood is $830, which is significantly lower than the national median of $1,430. The Grocery Cost Index in West Wood is 91 versus 100 nationally, which also contributes to the lower cost of living. The city's economy is driven by local businesses such as Little Bear Construction, Valley Bank & Trust Co., and Westwood Automotive Parts & Supplies Inc. Overall, the town offers a reasonable cost of living and plenty of local shops and restaurants to explore.
West Wood has an unemployment rate of 4.1%. The US average is 6.0%.
West Wood 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 18.5%, which is lower than the US average of 33.5%.
Tax Rates for West Wood
- The Sales Tax Rate for West Wood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for West Wood 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 West Wood
- The average income of a West Wood resident is $30,024 a year. The US average is $28,555 a year.
- The Median household income of a West Wood resident is $73,185 a year. The US average is $69,021 a year.