Hyde Park, UT
Population 5,410 · Utah
About Hyde Park, UT
Hyde Park is a small town located in Utah with a population of 5,410 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,068 per year, which is 44% above the national median of $75,149. The median age of 30.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hyde Park features a median home value of $507,400, which is 107% above the national median of $244,900. This places Hyde Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,269, 9% above the national average of $1,163/month. Of the 1,576 total housing units, 92% are owner-occupied (1,421 units) and 8% are renter-occupied (119 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hyde Park shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hyde Park have an average one-way commute time of 17.3 minutes, one of the shorter commutes in the region.
Education & Demographics
56.4% of Hyde Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 5.2% White, 0.8% Hispanic or Latino, 1.2% Black or African American, and 0.1% Asian residents, with 2.8% of the population being foreign-born.
How Hyde Park Ranks in Utah
Cost of Living in Hyde Park, UT
Compared to national averages, Hyde Park has a median household income of $108,068 (44% above the national median of $75,149). Home values average $507,400, which is 107% above the national median. Monthly rent at $1,269 is 9% above the US average of $1,163. Within Utah, Hyde Park's income is 22% above the state average of $88,715, and home values are 19% above the state median of $426,386.
Why Live in Hyde Park, UT?
Hyde Park offers a strong local economy with a median household income of $108,068, well above the national average, and a well-educated community where 56.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.2%, better than the national average. Additionally, the city features short commute times averaging just 17.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $507,400. However, Hyde Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hyde Park has a population of 5,410 with a median age of 30.9 years. Compare Hyde Park with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Hyde Park
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Moab | 5,316 | $55,333 | $478,700 | Compare |
| Sunset | 5,567 | $74,250 | $296,900 | Compare |
| White City metro township, Utah | 5,568 | $98,603 | $423,200 | Compare |
| Perry | 5,708 | $99,478 | $399,400 | Compare |
| Ephraim | 5,805 | $71,661 | $405,600 | Compare |
| Kanab | 4,950 | $80,040 | $378,600 | Compare |
| West Bountiful | 5,920 | $127,344 | $530,500 | Compare |
| Fruit Heights | 6,036 | $134,500 | $654,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hyde Park With Other Cities
Frequently Asked Questions about Hyde Park
What is the population of Hyde Park, UT?
The population of Hyde Park, UT is 5,410 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Utah.
What is the median household income in Hyde Park?
The median household income in Hyde Park, UT is $108,068 per year, which is 44% above the national median of $75,149.
What is the median home value in Hyde Park?
The median home value in Hyde Park, UT is $507,400, which is 107% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hyde Park?
The median monthly rent in Hyde Park, UT is $1,269, which is 9% above the national average of $1,163/month.
What is the unemployment rate in Hyde Park?
The unemployment rate in Hyde Park, UT is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hyde Park, UT a good place to live?
Hyde Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,410 and a median age of 30.9, the city appeals to young professionals and families.
How educated is Hyde Park, UT?
56.4% of residents in Hyde Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hyde Park?
Key cost-of-living indicators for Hyde Park, UT: median home value is $507,400 (107% above national), median rent is $1,269/month, and median household income is $108,068. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Hyde Park?
The poverty rate in Hyde Park, UT is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hyde Park, UT?
Hyde Park's population is 5.2% White, 0.8% Hispanic or Latino, 1.2% Black or African American, 0.1% Asian, and 0.1% two or more races. 2.8% of residents are foreign-born.