Small Town1,694 people

Silver Summit, UT

Discover how far your salary goes in Silver Summit. Compare taxes, rent, and living costs.

Cost Index
122
📈 Above Average
Population

1,694

State Tax

4.9%

1BR Rent

$1,309

/month

vs National

-6%

below avg

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Rent Prices in Silver Summit

🏠

Studio

$1,047

/month

$12,564/year

Most Common
🛏️

1 Bedroom

$1,309

/month

$15,708/year

🏡

2 Bedroom

$1,767

/month

$21,204/year

🏘️

3 Bedroom

$2,291

/month

$27,492/year

Taxes in Utah

State Income Tax

Utah

4.9%

For a $100k salary, that's ~$4,850/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Silver Summit, UT?

Silver Summit has a cost of living index of 122, which is 22% above the national average. A 1-bedroom apartment costs around $1,309/month.

What is the state income tax in Utah?

Utah has a state income tax rate of approximately 4.9%. This is in addition to federal income tax.

How much is rent in Silver Summit?

The median rent for a 1-bedroom apartment in Silver Summit is $1,309/month. For a 2-bedroom, expect to pay around $1,767/month. This is 6% below the national average.

Is Silver Summit a good place to live?

Silver Summit is a small town with a population of 1,694. The cost of living is above average, making it more expensive than average for the US.

See the complete picture for Silver Summit

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