Utah County · Utah · West · 45k residents
Spanish Fork, UT: economy, jobs & business costs
The site-selection read on Spanish Fork: 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 $1,240/wk. Utah's corporate income tax rate is 4.5%. Commercial electricity averages 9.4¢/kWh.
Compare Spanish Fork side by side
Avg. weekly wage
$1,240/wk
Corporate income tax
4.5%
Bachelor's degree or higher
39.3%
Commercial electricity
9.4¢/kWh
Economic momentum
How fast Spanish Fork's economy is moving, ranked against the US cities we track.
53/100
Steady
Ranks Spanish Fork'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 | $481,500 |
| Price per sq. ft. | $290 |
| Property tax rate | 0.55% |
| 1-bedroom rent | $1,129/mo |
| 2-bedroom rent | $1,256/mo |
| State & local income tax | 4.65% |
| Sales tax | 7.2% |
| Corporate income tax | 4.5% |
| Avg. weekly wage | $1,240/wk |
| Bachelor's degree or higher | 39.3% |
| Commercial electricity | 9.4¢/kWh |
| Businesses per 1k residents | 30.9/1k |
| Wage: Software developer | $131,210 |
| Wage: Registered nurse | $81,780 |
| Wage: General manager | $95,790 |
| Wage: Customer service | $39,560 |
| Wage: Warehouse worker | $37,480 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $60,860 |
| Wage: Retail salesperson | $33,120 |
| Cost of living index | 103 |
| 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 | $104,844 |
| Unemployment rate | 3% |
| Population | 45k |
| Crime index | 38/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | 95/100 |
| Avg. commute | 22 min |
| Sunny days / year | 230 days |
| July high | 93°F |
| January low | 22°F |
| Annual snowfall | 66 in |
| Home price YoY | +1.6% |
| Home price MoM | -0.3% |
| Rent YoY | +2.6% |
| Rent MoM | -0.3% |
| Employment (jobs) YoY | +1.9% |
| Building permits YoY | -64.0% |
| Ocean coast | 566 mi |
| Big lake | 10 mi |
| Mountains | 19 mi |
| Major airport | 50 mi |
| Ski resort | 20 mi |
Popular comparisons
Nearby
- Springville, UT · 36k
- Payson, UT · 23k
- Provo, UT · 115k
- Santaquin, UT · 16k
- Orem, UT · 97k
Similar size
- Bountiful, UT · 45k
- Riverton, UT · 45k
- Saratoga Springs, UT · 48k
- Murray, UT · 50k
- Draper, UT · 50k
Real listings in Spanish Fork
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Spanish Fork 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 $1,240/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 Spanish Fork, UT?
- Spanish Fork indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,256/mo and a acs median home value of $481,500.
- How much does a house cost in Spanish Fork?
- The acs median home value in Spanish Fork is $481,500 (Census ACS estimate; individual listings vary).
- How much is rent in Spanish Fork?
- A two-bedroom in Spanish Fork rents for about $1,256/mo.