Salt Lake County · Utah · West · 59k residents
Herriman, UT: economy, jobs & business costs
The site-selection read on Herriman: labor costs, talent, corporate tax, energy, and business activity, with the Utah median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,543/wk. Utah's corporate income tax rate is 4.5%. Commercial electricity averages 9.4¢/kWh.
Compare Herriman side by side
Avg. weekly wage
$1,543/wk
Corporate income tax
4.5%
Bachelor's degree or higher
42.6%
Commercial electricity
9.4¢/kWh
Economic momentum
How fast Herriman's economy is moving, ranked against the US cities we track.
81/100
Heating
Ranks Herriman's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $590,700 |
| Price per sq. ft. | $290 |
| Property tax rate | 0.55% |
| 1-bedroom rent | $1,726/mo |
| 2-bedroom rent | $2,082/mo |
| State & local income tax | 4.65% |
| Sales tax | 7.2% |
| Corporate income tax | 4.5% |
| Avg. weekly wage | $1,543/wk |
| Bachelor's degree or higher | 42.6% |
| Commercial electricity | 9.4¢/kWh |
| Businesses per 1k residents | 55.9/1k |
| Wage: Software developer | $129,600 |
| Wage: Registered nurse | $85,890 |
| Wage: General manager | $103,710 |
| Wage: Customer service | $45,410 |
| Wage: Warehouse worker | $37,510 |
| Wage: Heavy truck driver | $62,310 |
| Wage: Electrician | $62,620 |
| Wage: Retail salesperson | $34,420 |
| Cost of living index | 121 |
| Groceries index | 98 |
| Utilities | $135/mo |
| Transit pass | $85/mo |
| Gas price | $3.40/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,050/mo |
| Median household income | $122,650 |
| Unemployment rate | 3% |
| Population | 59k |
| Crime index | 38/100 |
| School rating | 6.8/10 |
| Walkability | 34/100 |
| Disaster risk | 99/100 |
| Avg. commute | 22 min |
| Sunny days / year | 230 days |
| July high | 94°F |
| January low | 25°F |
| Annual snowfall | — |
| Home price YoY | +1.2% |
| Home price MoM | -0.3% |
| Rent YoY | +0.4% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | +1.5% |
| Building permits YoY | +40.8% |
| Ocean coast | 572 mi |
| Big lake | 24 mi |
| Mountains | 22 mi |
| Major airport | 20 mi |
| Ski resort | 20 mi |
Popular comparisons
Nearby
- Riverton, UT · 45k
- South Jordan, UT · 83k
- Bluffdale, UT · 19k
- Draper, UT · 50k
- West Jordan, UT · 117k
Similar size
- Taylorsville, UT · 59k
- Millcreek, UT · 64k
- Logan, UT · 55k
- Eagle Mountain, UT · 53k
- Murray, UT · 50k
Real listings in Herriman
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Herriman a good place to run a business?
- Utah's corporate income tax rate is 4.5%; average weekly wages in the surrounding labor market run $1,543/wk; commercial electricity averages 9.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Herriman, UT?
- Herriman indexes at 121 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,082/mo and a acs median home value of $590,700.
- How much does a house cost in Herriman?
- The acs median home value in Herriman is $590,700 (Census ACS estimate; individual listings vary).
- How much is rent in Herriman?
- A two-bedroom in Herriman rents for about $2,082/mo.