In addition to Park City’s three world-class ski resorts, unparalleled lodging opportunities and savory fine-dining – hundreds of flights shuttle between the two states each year. Californians can be out the door, on a plane and still enjoy an afternoon of skiing all during the same day.
If you’re one of those visitors who salivates over Utah’s “Greatest Snow on Earth,” uncrowded slopes and easy access – perhaps it’s time to consider moving to Utah and calling Park City home!
In addition to the incredible recreational opportunities you’ll be surrounded by, moving from California to Utah will also positively affect your bottom line and provide added cash flow.
The Council for Community and Economic Research publishes the ACCRA Cost of Living Index to provide a helpful measurement of living costs between various urban areas by providing a relative price comparison for consumer goods and services in participating locations.
During 2010, the weighted average ACCRA index score for Utah’s cost of living came in at 97 compared to California’s elevated score of 144.9. Reasons for Utah’s lower cost of living include decreased energy costs which are 29 percent below the national average!
In addition to a lower cost of living, moving to Utah can also provide a significant corporate advantage. Utah’s state corporate income tax rate of 5 percent is lower than California’s corporate income tax rate of 8.85 percent and is one of the lowest in the country.
Utah’s economy has been expanding by an average of 2.3 percent per year for the last five years, ranking it as the fifth best economy in the United States. In fact, in 2012 Utah topped the Forbes Best State for Business list for the third-straight year.
Other #1 rankings Utah has received include:
• Best Managed State Government by the Pew Charitable Trust 2008
• Economic Outlook – ALEC-Laffer State Competitiveness Index 2010
• Least Debt Burdened State by Forbes 2010
If you are interested in relocating to Park City, Utah the time couldn’t be better!
Although Park City has begun to rebound from the recession and we’ve seen a steady increase in Park City homes for sale, there are certainly incredible deals available in both Park City and Deer Valley real estate.
If you are considering moving from California to Park City, Utah – contact me at 435-901-4309 to begin the search for your perfect mountain getaway.
Make it a great day!
Accredited Buyer Representative