Summit, UT County is a great place to live for those looking for a rural area close to the city. With an average two bedroom rent of $1,550 and grocery cost index of 96 compared to the US average of 100, Summit is favorable in terms of affordability. Notable companies based here include Natural Grocers, Rocky Mountain Power, and Stor-It Self Storage. Cost of living is relatively low in comparison to other counties and states in the region, making it an ideal place for those looking to escape from the hustle and bustle of city life while still having access to amenities like entertainment, shopping centers, and recreational activities.
Summit County has an unemployment rate of 2.8%. The US average is 6.0%.
Summit County has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Summit County
- The Sales Tax Rate for Summit County is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Summit 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 Summit County
- The average income of a Summit County resident is $45,461 a year. The US average is $28,555 a year.
- The Median household income of a Summit County resident is $116,351 a year. The US average is $69,021 a year.