Park City, UT
Population 8,365 · Utah
About Park City, UT
Park City is a small town located in Utah with a population of 8,365 residents according to the latest US Census Bureau American Community Survey data. The median household income is $140,875 per year, which is 87% above the national median of $75,149. The median age of 46.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Park City features a median home value of $1,739,700, which is 610% above the national median of $244,900. This places Park City in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,900, 63% above the national average of $1,163/month. Of the 8,682 total housing units, 73% are owner-occupied (2,400 units) and 27% are renter-occupied (880 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Park City shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Park City have an average one-way commute time of 14.5 minutes, one of the shorter commutes in the region.
Education & Demographics
64.4% of Park City 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 11.9% White, 0.2% Hispanic or Latino, 0.3% Black or African American, and 4.3% Asian residents, with 13.6% of the population being foreign-born.
How Park City Ranks in Utah
Cost of Living in Park City, UT
Compared to national averages, Park City has a median household income of $140,875 (87% above the national median of $75,149). Home values average $1,739,700, which is 610% above the national median. Monthly rent at $1,900 is 63% above the US average of $1,163. Within Utah, Park City's income is 59% above the state average of $88,715, and home values are 308% above the state median of $426,386.
Why Live in Park City, UT?
Park City offers a strong local economy with a median household income of $140,875, well above the national average, and a strong job market with an unemployment rate of just 0.5%, and a well-educated community where 64.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.4%, better than the national average, and short commute times averaging just 14.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,739,700. However, Park City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park City has a population of 8,365 with a median age of 46.8 years. Compare Park City with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Park City
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Price | 8,216 | $46,947 | $189,800 | Compare |
| Summit Park | 8,545 | $179,516 | $1,068,300 | Compare |
| Richfield | 8,173 | $77,847 | $287,500 | Compare |
| Plain City | 8,101 | $126,250 | $532,300 | Compare |
| Providence | 8,675 | $103,831 | $478,300 | Compare |
| South Weber | 8,037 | $132,667 | $488,700 | Compare |
| Santa Clara | 7,891 | $93,083 | $509,600 | Compare |
| Farr West | 7,881 | $111,875 | $509,100 | 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 Park City With Other Cities
Frequently Asked Questions about Park City
What is the population of Park City, UT?
The population of Park City, UT is 8,365 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 Park City?
The median household income in Park City, UT is $140,875 per year, which is 87% above the national median of $75,149.
What is the median home value in Park City?
The median home value in Park City, UT is $1,739,700, which is 610% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park City?
The median monthly rent in Park City, UT is $1,900, which is 63% above the national average of $1,163/month.
What is the unemployment rate in Park City?
The unemployment rate in Park City, UT is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Park City, UT a good place to live?
Park City offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,365 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Park City, UT?
64.4% of residents in Park City 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 Park City?
Key cost-of-living indicators for Park City, UT: median home value is $1,739,700 (610% above national), median rent is $1,900/month, and median household income is $140,875. The home-value-to-income ratio is 12.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Park City?
The poverty rate in Park City, UT is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Park City, UT?
Park City's population is 11.9% White, 0.2% Hispanic or Latino, 0.3% Black or African American, 4.3% Asian, and 0.9% two or more races. 13.6% of residents are foreign-born.