Peter, UT
Population 421 · Utah
About Peter, UT
Peter is a small community located in Utah with a population of 421 residents according to the latest US Census Bureau American Community Survey data. The median household income is $124,940 per year, which is 66% above the national median of $75,149. The median age of 32.5 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 Peter features a median home value of $472,100, which is 93% above the national median of $244,900. This places Peter in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 129 total housing units, 100% are owner-occupied (109 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peter shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Peter have an average one-way commute time of 28.2 minutes.
Education & Demographics
53.1% of Peter 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 0.0% White, 7.6% Hispanic or Latino, 0.0% Black or African American, and 7.6% Asian residents, with 5.7% of the population being foreign-born.
How Peter Ranks in Utah
Cost of Living in Peter, UT
Compared to national averages, Peter has a median household income of $124,940 (66% above the national median of $75,149). Home values average $472,100, which is 93% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Utah, Peter's income is 41% above the state average of $88,715, and home values are 11% above the state median of $426,386.
Why Live in Peter, UT?
Peter offers a strong local economy with a median household income of $124,940, 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 0.0%. Additionally, the city features a well-educated community where 53.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $472,100. However, Peter’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Peter has a population of 421 with a median age of 32.5 years. Compare Peter with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Peter
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laketown | 420 | $79,643 | $318,800 | Compare |
| Mayfield | 424 | $82,083 | $283,000 | Compare |
| Manila | 425 | $71,607 | $235,000 | Compare |
| Rush Valley | 425 | $85,917 | $360,700 | Compare |
| Springdale | 416 | $69,545 | $832,400 | Compare |
| Cleveland | 429 | $92,589 | $150,000 | Compare |
| Cove | 412 | $130,469 | $557,700 | Compare |
| Circleville | 431 | $74,375 | $255,000 | 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.
Compare Peter With Other Cities
Frequently Asked Questions about Peter
What is the population of Peter, UT?
The population of Peter, UT is 421 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Utah.
What is the median household income in Peter?
The median household income in Peter, UT is $124,940 per year, which is 66% above the national median of $75,149.
What is the median home value in Peter?
The median home value in Peter, UT is $472,100, which is 93% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peter?
The median monthly rent in Peter, UT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Peter?
The unemployment rate in Peter, UT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Peter, UT a good place to live?
Peter offers above-average incomes, a competitive housing market, and a strong job market. With a population of 421 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Peter, UT?
53.1% of residents in Peter 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 Peter?
Key cost-of-living indicators for Peter, UT: median home value is $472,100 (93% above national), median rent is $0/month, and median household income is $124,940. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Peter?
The poverty rate in Peter, UT is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Peter, UT?
Peter's population is 0.0% White, 7.6% Hispanic or Latino, 0.0% Black or African American, 7.6% Asian, and 0.0% two or more races. 5.7% of residents are foreign-born.