Utah, UT County is an attractive area to live for many people. The cost of living is lower than the US average, with 2 bedroom rent costing $1,160 compared to the US rate of $1,430. Additionally, the grocery cost index in Utah County is just 95 compared to 100 in the US. This makes it easier for locals to save money on living expenses. Many great companies are located in Utah County due to its favorable climate and quality of life. Large employers such as Adobe, Goldman Sachs and eBay have a presence here, offering good job opportunities and salaries. The low cost of living also gives local businesses an edge over competitors located elsewhere as their overhead costs are much lower. This means they can offer better prices for their goods and services which can help them attract more customers.
Utah County has an unemployment rate of 2.5%. The US average is 6.0%.
Utah County has seen the job market increase by 2.6% 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 Utah County
- The Sales Tax Rate for Utah County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Utah County 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 Utah County
- The average income of a Utah County resident is $20,973 a year. The US average is $28,555 a year.
- The Median household income of a Utah County resident is $82,893 a year. The US average is $69,021 a year.