| Demographics and Economics
Utah is one of the fastest growing states in the country and
ranks 35th in the nation in population growth. The state's rapid
growth is attributed to both the area's high birth rate and to
in-migration. Utah's economy should continue to do well into 2000
. Utah has a low cost of doing business (93.3% of the national
average); a pro-business regulatory environment; low business
taxes (the 5th lowest worker's compensation costs in the nation);
and, a solid utility, communications, education and transportation
infrastructure. Utah also has numerous recreational opportunities;
a youthful and educated work force; good universities; healthy
lifestyles; and, a strong work ethic that should continue to favorably
influence business location and expansion decisions. Utah's median
household income data was recently released by the U. S. Department
of Commerce and shows that Utah continues to have household incomes
that are significantly above the national average. Median household
income in Utah ranked 10th highest in the nation at $42,073 for
the 3-year period 1996 to 1998.
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