Tropic, UT is a small town located in the Southwestern United States. It has a population of roughly 2,000 people and is known for its beautiful scenery and outdoor activities such as hiking, camping, fishing, and skiing. The cost of living is low with an average two bedroom rent at $810 a month compared to the US average of $1,430 monthly. Additionally, Tropic’s Grocery Cost Index is 91 versus the US index of 100. There are many local businesses in Tropic ranging from retail stores to restaurants and cafes. Some popular businesses include The Sundance Cafe which serves classic home-style cooking, Mountain View Outfitters which offers camping supplies and apparel, and Sweet Ride Bicycle Shop specializing in custom bicycle design and repair. Tropic also has various local facilities that are accessible to the public such as the library, community center, post office, movie theater, parks and recreation area, wellness center and golf course.
Tropic has an unemployment rate of 9.2%. The US average is 6.0%.
Tropic has seen the job market decrease by -9.2% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Tropic
- The Sales Tax Rate for Tropic is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Tropic 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 Tropic
- The average income of a Tropic resident is $28,955 a year. The US average is $37,638 a year.
- The Median household income of a Tropic resident is $40,625 a year. The US average is $69,021 a year.