salaryRent is lower than in 66% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 4.7 years of household income. Commutes are short, about 16 minutes. Most homes (90.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $54,000 a year. That is $26 an hour at a full-time job.
Is rent cheaper than other Utah cities?
Yes. Rent here is cheaper than in most of Utah. It is number 13 of 97 cities from cheapest to most expensive.
How much do households earn in Hyde Park?
Share of households by yearly income. 42.9% of households earn $100,000 or more.
Rent by apartment size in Hyde Park
| Size | Hyde Park | U.S. average |
|---|---|---|
| 2 bedrooms | $1,367 | $1,509 |
| 3 bedrooms | $1,253 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hyde Park overall?
Everyday prices in Utah overall are 1% below the U.S. average (index 98.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hyde Park, so the Utah figure is shown.
Taxes and bills in Hyde Park
Life in Hyde Park
Is it cheaper to rent or buy in Hyde Park?
Renting is cheaper right now: about $2,632 a month less.
Owning assumes a typical $573,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $57,390 for the down payment.
Frequently asked questions
What is the average rent in Hyde Park, UT?
Renting in Hyde Park costs a median of about $1,350 a month in 2026, including utilities. The Utah median is $1,832.
How much do I need to make to live in Hyde Park?
To keep rent under 30% of income, you need about $54,000 a year, or $26 an hour at a full-time job.
Is Hyde Park cheap or expensive?
Hyde Park is rated Cheap: rent takes 13.3% of the typical household income of $121,981. It ranks 13th cheapest of 97 Utah cities we track.
How much are property taxes in Hyde Park?
The median homeowner in Hyde Park pays $2,512 a year in property taxes, about 0.44% of the median home value.
Is Hyde Park more expensive than the national average?
Overall prices in Utah are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hyde Park?
The median home value in Hyde Park is $573,900, about 4.7 times the typical yearly household income.
5,540 people live in Hyde Park. Numbers are typical (middle) values.