MyNeighborhood

Can you afford to live in Park City?

Median household income, home values and rent in Park City, UT — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Park City.

Median household income: $139,228 — +38.6% since 2015 (not adjusted for inflation)

Median gross rent: $2,902/mo — +111.4% since 2015

Median home value, 2015 to 2023

  • 2015: 585000
  • 2023: 995900

Median household income

  • Park City: 139228
  • Summit County: 137058
  • UT: 91750
  • U.S.: 78538

Median gross rent

  • Park City: 2902
  • Summit County: 1969
  • UT: 1405
  • U.S.: 1348

Share of income a typical renter spends on rent: 23.8% — U.S.: 30.2%

What it means

The typical household here earns $139,228 — far higher than the national figure of $78,538.

The typical renter here spends 23.8% of household income on rent, below the 30% cost-burden line.

Since 2015, rent has risen faster than income here (+111.4% versus +38.6%), before adjusting for inflation.

Sources

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