The small city of Cottonwood Heights, Utah, located in Zip code 84121, is a vibrant and growing community. Its 2 Bedroom rent rate is $1,730, slightly higher than the US average of $1,430. Similarly, grocery costs are slightly more expensive in this area (index 98) versus the US average (index 100).
Cottonwood Heights is home to a number of thriving businesses that span various industries. Some of these locally-owned businesses include McEwan Financial Group LLC, which provides financial services; Brocks Custom Catering for special events; and 4U2CYK Multi Services Inc., which offers technology solutions. There are also many jobs available in the retail industry due to the abundance of shopping centers nearby such as Fashion Place Mall and City Creek Center. The area is known for its low unemployment rate due to its ample employment opportunities across all sectors of industry.
Cottonwood Heights (zip 84121) has an unemployment rate of 2.7%. The US average is 6.0%.
Cottonwood Heights (zip 84121) 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 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Cottonwood Heights (zip 84121)
- The Sales Tax Rate for Cottonwood Heights (zip 84121) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood Heights (zip 84121) 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 Cottonwood Heights (zip 84121)
- The average income of a Cottonwood Heights (zip 84121) resident is $37,762 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood Heights (zip 84121) resident is $101,636 a year. The US average is $69,021 a year.