Zip 84047 (Midvale, UT) Economy


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Midvale, UT is located in the 84047 zip code and is a great place to live due to its relatively low cost of living. The average rent for a two bedroom apartment is $1,470, which is slightly higher than the US average of $1,430. When it comes to groceries, Midvale has an index of 94 compared to the US average of 100. This means that local grocery items are slightly cheaper than the national average.
Midvale features some great local businesses like All Access Property Management, Full Circle Home Services, and D&M Automotive. All Access Property Management offers property management services while Full Circle Home Services specializes in home repairs and maintenance services. Lastly, D&M Automotive provides automotive repair and maintenance services including oil changes and brake jobs. In addition to these great businesses, Midvale also has plenty of options for entertainment or dining out with friends and family.

Midvale (zip 84047) has an unemployment rate of 3.3%. The US average is 6.0%.

Midvale (zip 84047) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 41.4%, which is higher than the US average of 33.5%.

Tax Rates for Midvale (zip 84047)
- The Sales Tax Rate for Midvale (zip 84047) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Midvale (zip 84047) 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 Midvale (zip 84047)
- The average income of a Midvale (zip 84047) resident is $23,701 a year. The US average is $28,555 a year.
- The Median household income of a Midvale (zip 84047) resident is $65,501 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMidvale, UtahUnited States
  3.36
  -1.4%-6.2%
  41.4%33.5%
  7.1%6.2%
  5.0%4.6%
  $33,853$37,638
  $65,501$69,021
  $74,000$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  9.0%6.8%
  6.6%10.0%
  3.2%2.5%
  12.0%11.0%
  4.0%4.8%
  0.7%0.8%
  1.6%1.9%
  9.4%4.7%
  2.0%1.9%
  7.2%7.6%
  0.0%0.1%
  5.7%4.2%
  8.3%9.3%
  12.9%14.0%
  1.9%2.1%
  8.6%7.0%
  4.2%4.8%
  2.5%4.7%
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