Utah State is an attractive place to live for many reasons. Not only is the cost of living lower than the US average, with 2 bedroom rent averaging at $1,280 compared to $1,430 across the country, but also the grocery cost index is much lower in Utah State with an index of 93 compared to 100 across the US. As a result, Utah State is a popular destination for people looking to save on expenses. Additionally, there are many great local companies based in Utah State that provide employment opportunities such as eBay, Adobe Systems Incorporated and Moffitt Corporation. With its low living costs and plentiful job opportunities, Utah State continues to be an attractive option for new residents.
Utah has an unemployment rate of 2.9%. The US average is 6.0%.
Utah has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 42.9%, which is higher than the US average of 33.5%.
Tax Rates for Utah
- The Sales Tax Rate for Utah is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Utah 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
- The average income of a Utah resident is $24,312 a year. The US average is $28,555 a year.
- The Median household income of a Utah resident is $79,133 a year. The US average is $69,021 a year.