Lake Point, UT
Population 2,938 · Utah
About Lake Point, UT
Lake Point is a small community in Utah with a population of 2,938 residents. The median household income is $133,175 per year, which is above the national average. The median age in Lake Point is 29 years.
Housing in Lake Point has a median home value of $566,200 and median monthly rent of $0. Of the 817 total housing units, the majority are owner-occupied, with 665 owner-occupied and 152 renter-occupied units.
The unemployment rate in Lake Point is 0.9% and the poverty rate is 2.5%. 32.2% of residents hold a bachelor's degree or higher. The average commute time is 30.8 minutes.
How Lake Point Ranks in Utah
Cost of Living in Lake Point, UT
Compared to national averages, Lake Point has a median household income of $133,175 (77% above the national median of $75,149). Home values average $566,200, which is 131% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Utah, Lake Point's income is 50% above the state average of $88,715, and home values are 33% above the state median of $426,386.
Why Live in Lake Point, UT?
Lake Point offers a strong local economy with a median household income of $133,175, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a low poverty rate of 2.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $566,200. However, Lake Point’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Point has a population of 2,938 with a median age of 29 years. Compare Lake Point with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Lake Point
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Richmond | 2,971 | $103,047 | $348,700 | Compare |
| Parowan | 3,095 | $49,934 | $299,800 | Compare |
| Helper | 2,680 | $61,908 | $207,700 | Compare |
| Naples | 3,217 | $94,048 | $264,100 | Compare |
| Fillmore | 2,633 | $77,000 | $275,400 | Compare |
| Garland | 2,609 | $65,369 | $318,000 | Compare |
| Erda | 3,294 | $153,068 | $600,700 | Compare |
| Blanding | 3,303 | $63,333 | $225,000 | 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.
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Frequently Asked Questions about Lake Point
What is the population of Lake Point, UT?
The population of Lake Point, UT is 2,938 according to the latest Census data.
What is the median household income in Lake Point?
The median household income in Lake Point, UT is $133,175 per year.
What is the median home value in Lake Point?
The median home value in Lake Point, UT is $566,200.
What is the average rent in Lake Point?
The median monthly rent in Lake Point, UT is $0.
What is the unemployment rate in Lake Point?
The unemployment rate in Lake Point, UT is 0.9%.