Thatcher, UT
Population 1,094 · Utah
About Thatcher, UT
Thatcher is a small town located in Utah with a population of 1,094 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,042 per year, which is 21% above the national median of $75,149. The median age of 36.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Thatcher features a median home value of $327,800, which is 34% above the national median of $244,900. This positions Thatcher in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 358 total housing units, 98% are owner-occupied (351 units) and 2% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thatcher shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Thatcher have an average one-way commute time of 28.2 minutes.
Education & Demographics
25.9% of Thatcher residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 11.5% White, 0.0% Hispanic or Latino, 4.6% Black or African American, and 0.0% Asian residents, with 7.4% of the population being foreign-born.
Cost of Living in Thatcher, UT
Compared to national averages, Thatcher has a median household income of $91,042 (21% above the national median of $75,149). Home values average $327,800, which is 34% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Utah, Thatcher's income is 3% above the state average of $88,715, and home values are 23% below the state median of $426,386.
Why Live in Thatcher, UT?
Thatcher offers a strong local economy with a median household income of $91,042, 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 1.9%. Additionally, the city features a low poverty rate of 8.0%, better than the national average.
Thatcher has a population of 1,094 with a median age of 36.2 years. Compare Thatcher with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Thatcher
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Spring City | 1,094 | $65,139 | $294,000 | Compare |
| Hideout | 1,111 | $76,912 | $947,400 | Compare |
| Timber Lakes | 966 | $49,435 | $515,400 | Compare |
| Dammeron Valley | 962 | $111,146 | $648,000 | Compare |
| Daniel | 956 | $113,438 | $730,200 | Compare |
| Moroni | 1,238 | $71,500 | $254,300 | Compare |
| Riverside | 1,238 | $71,952 | $380,600 | Compare |
| Lake Shore | 1,242 | $97,357 | $671,400 | 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 Thatcher With Other Cities
Frequently Asked Questions about Thatcher
What is the population of Thatcher, UT?
The population of Thatcher, UT is 1,094 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 Thatcher?
The median household income in Thatcher, UT is $91,042 per year, which is 21% above the national median of $75,149.
What is the median home value in Thatcher?
The median home value in Thatcher, UT is $327,800, which is 34% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thatcher?
The median monthly rent in Thatcher, UT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Thatcher?
The unemployment rate in Thatcher, UT is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Thatcher, UT a good place to live?
Thatcher offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,094 and a median age of 36.2, the city appeals to a broad range of residents.
How educated is Thatcher, UT?
25.9% of residents in Thatcher 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 Thatcher?
Key cost-of-living indicators for Thatcher, UT: median home value is $327,800 (34% above national), median rent is $0/month, and median household income is $91,042. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Thatcher?
The poverty rate in Thatcher, UT is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Thatcher, UT?
Thatcher's population is 11.5% White, 0.0% Hispanic or Latino, 4.6% Black or African American, 0.0% Asian, and 0.0% two or more races. 7.4% of residents are foreign-born.