Zip 84118 (Kearns, UT) Economy


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Kearns, UT (84118) is a great place to live for those looking for an affordable 2 bedroom rental. With a median 2 bedroom rent of $1,670, the cost is slightly higher than the US median of $1,430 per month; however, Kearns offers other amenities that make it worth reconsidering. Not only does Kearns have several local companies such as The Kearns Corporation and Fidelity National Title Insurance Company of Utah that offer employment opportunities, but the Grocery Cost index in Kearns is 93 compared to 100 in the US – meaning groceries are more affordable here than most other places. Thus, people making a move to Kearns can enjoy an affordable cost of living with a variety of jobs available.

Kearns (zip 84118) has an unemployment rate of 3.0%. The US average is 6.0%.

Kearns (zip 84118) 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 41.3%, which is higher than the US average of 33.5%.

Tax Rates for Kearns (zip 84118)
- The Sales Tax Rate for Kearns (zip 84118) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kearns (zip 84118) 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 Kearns (zip 84118)
- The average income of a Kearns (zip 84118) resident is $20,275 a year. The US average is $28,555 a year.
- The Median household income of a Kearns (zip 84118) resident is $76,639 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKearns, UtahUnited States
  36
  -1.4%-6.2%
  41.3%33.5%
  7.1%6.2%
  5.0%4.6%
  $24,522$37,638
  $76,639$69,021
  $78,150$85,028
  Population by Occupation
  0.3%1.2%
  0.8%0.5%
  10.4%6.8%
  17.1%10.0%
  1.9%2.5%
  9.6%11.0%
  6.8%4.8%
  0.9%0.8%
  2.2%1.9%
  5.4%4.7%
  0.9%1.9%
  4.9%7.6%
  0.1%0.1%
  6.5%4.2%
  5.3%9.3%
  11.4%14.0%
  2.2%2.1%
  4.8%7.0%
  6.0%4.8%
  2.7%4.7%
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