Price, UT
Population 8,216 · Utah
About Price, UT
Price is a small town located in Utah with a population of 8,216 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,947 per year, which is 38% below the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Price features a median home value of $189,800, which is 22% below the national median of $244,900. This positions Price in a moderately priced market relative to the rest of the country. Median monthly rent is $796, 32% below the national average of $1,163/month. Of the 3,588 total housing units, 61% are owner-occupied (1,996 units) and 39% are renter-occupied (1,274 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Price shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.8%, above the national average of 12.4%. Workers in Price have an average one-way commute time of 15.6 minutes, one of the shorter commutes in the region.
Education & Demographics
19.1% of Price residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 14.7% White, 3.2% Hispanic or Latino, 0.0% Black or African American, and 2.8% Asian residents, with 3.0% of the population being foreign-born.
How Price Ranks in Utah
Cost of Living in Price, UT
Compared to national averages, Price has a median household income of $46,947 (38% below the national median of $75,149). Home values average $189,800, which is 22% below the national median. Monthly rent at $796 is 32% below the US average of $1,163. Within Utah, Price's income is 47% below the state average of $88,715, and home values are 55% below the state median of $426,386.
Why Live in Price, UT?
Price offers affordable housing with a median home value of $189,800, below the US average of $244,900, and rent that’s lower than the national average at $796/month, and short commute times averaging just 15.6 minutes.
Potential considerations include median household income ($46,947) that falls below the national average. However, Price’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Price has a population of 8,216 with a median age of 36.8 years. Compare Price with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Price
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Richfield | 8,173 | $77,847 | $287,500 | Compare |
| Plain City | 8,101 | $126,250 | $532,300 | Compare |
| Park City | 8,365 | $140,875 | $1,739,700 | Compare |
| South Weber | 8,037 | $132,667 | $488,700 | Compare |
| Santa Clara | 7,891 | $93,083 | $509,600 | Compare |
| Summit Park | 8,545 | $179,516 | $1,068,300 | Compare |
| Farr West | 7,881 | $111,875 | $509,100 | Compare |
| Enoch | 7,856 | $81,767 | $335,200 | 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 Price With Other Cities
Frequently Asked Questions about Price
What is the population of Price, UT?
The population of Price, UT is 8,216 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 Price?
The median household income in Price, UT is $46,947 per year, which is 38% below the national median of $75,149.
What is the median home value in Price?
The median home value in Price, UT is $189,800, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Price?
The median monthly rent in Price, UT is $796, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Price?
The unemployment rate in Price, UT is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Price, UT a good place to live?
Price offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 8,216 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Price, UT?
19.1% of residents in Price aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Price?
Key cost-of-living indicators for Price, UT: median home value is $189,800 (22% below national), median rent is $796/month, and median household income is $46,947. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Price?
The poverty rate in Price, UT is 16.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Price, UT?
Price's population is 14.7% White, 3.2% Hispanic or Latino, 0.0% Black or African American, 2.8% Asian, and 1.0% two or more races. 3.0% of residents are foreign-born.