Study assesses Iron and Washington Counties’ financial health
Utah’s Washington County is the fifth most financially healthy county in the state of Utah, and Iron County ranks No. 13 according to a study by SmartAsset. Nationally, Washington County ranks No. 1,348, and Iron County ranks No. 1,551.
On average, the percentage of debt compared to income in Washington County was 1.99 percent — ranking it as No. 11 in the state — as compared to 1.77 percent in Iron County, which puts it as No. 11 in Utah.
Poverty is still high in southern Utah. Washington County’s poverty rate is 13.2 percent, and its unemployment rate is 3.7 percent. In Iron County, the poverty rate is a bit higher at 18.3 percent with an unemployment rate of 4.3 percent. The poverty rates in the two counties put them in 11th and 16th places, respectively, while the unemployment rates put them in. eighth and 12th places, respectively.
However, residents of Washington suffer a relatively low bankruptcy rate of 2.17 per 1,000 people, and Iron County residents who suffer from bankruptcy at a mere rate 1.88 per 1,000 people. This puts Washington County’s bankruptcy rate as the seventh best while Iron County shines with the second-lowest bankruptcy rate in the state.
An interactive map displaying this study’s findings can be viewed here.
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