Summit, UT 84772 is a small town located in northern Utah. Its population is small, estimated at only 1,144 as of 2019. Rent for a two bedroom apartment in the area is quite affordable, with an average rate of $970 per month. Grocery costs are also relatively low compared to the rest of the US, with an index of 93 versus 100 in the US overall. There are several local companies that contribute to the economy of Summit, UT 84772 including Bear Lake Valley Refuse Inc., Bear Lake Realty Co., Bear Lake Valley Electric Co-op and Bear Lake County Water District. All four companies have been serving Summit for decades and provide essential services such as garbage collection, real estate brokerage, electricity distribution and water utility services respectively.
Summit (zip 84772) has an unemployment rate of 2.8%. The US average is 6.0%.
Summit (zip 84772) 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 51.5%, which is higher than the US average of 33.5%.
Tax Rates for Summit (zip 84772)
- The Sales Tax Rate for Summit (zip 84772) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Summit (zip 84772) 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 (zip 84772)
- The average income of a Summit (zip 84772) resident is $26,424 a year. The US average is $37,638 a year.
- The Median household income of a Summit (zip 84772) resident is $36,635 a year. The US average is $69,021 a year.