salaryRent is higher than in 72% of U.S. cities. Household incomes are higher than in 88% of U.S. cities. A typical house costs about 12.2 years of household income, so buying is hard for most locals. Commutes are short, about 14.9 minutes. It is a highly educated city: 67.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $82,400 a year. That is $40 an hour at a full-time job.
Is rent cheaper than other Utah cities?
No. Rent here is more expensive than in most of Utah. It is number 74 of 97 cities from cheapest to most expensive.
How much do households earn in Park City?
Share of households by yearly income. 54.5% of households earn $100,000 or more.
Rent by apartment size in Park City
| Size | Park City | U.S. average |
|---|---|---|
| 1 bedroom | $1,671 | $1,324 |
| 2 bedrooms | $1,472 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Park City 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 Park City, so the Utah figure is shown.
Taxes and bills in Park City
Life in Park City
Is it cheaper to rent or buy in Park City?
Renting is cheaper right now: about $10,137 a month less.
Owning assumes a typical $1,757,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $175,780 for the down payment.
Frequently asked questions
What is the average rent in Park City, UT?
Renting in Park City costs a median of about $2,060 a month in 2026, including utilities. The Utah median is $1,832.
How much do I need to make to live in Park City?
To keep rent under 30% of income, you need about $82,400 a year, or $40 an hour at a full-time job.
Is Park City cheap or expensive?
Park City is rated Cheap: rent takes 17.2% of the typical household income of $144,042. It ranks 74th cheapest of 97 Utah cities we track.
How much are property taxes in Park City?
The median homeowner in Park City pays $5,253 a year in property taxes, about 0.30% of the median home value.
Is Park City 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 Park City?
The median home value in Park City is $1,757,800, about 12.2 times the typical yearly household income.
8,362 people live in Park City. Numbers are typical (middle) values.