Cost Of Living in Park City, UT

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F

113%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

369%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Park City	Utah	National
Cost of living	213	104	100
Goods & Services	106	102	100
Groceries	100	99	100
Health care	96	91	100
Housing	469	114	100
Transportation	110	105	100
Utilities	94	95	100

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Cost Of Living Quick Facts

The cost of living in Park City is 104% higher than the Utah average
The cost of living in Park City is 113% higher than the national average
Park City housing is 369% higher than the national average
Utah general sales tax is 20% higher than the national average
Utah state income tax is 87% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$126,328	$10,527	$2,947	$3,790
Renters	$79,844	$6,654	$1,863	$2,396

The affordability of the housing market in Park City, UT as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Park City homeowners, the median income is $126,328. This indicates that a monthly maximum of $2,947 should be spent by homeowners on all housing related costs. Renters have a median income of $79,844. This indicates that renters would have a maximum of $1,863 for their rent related monthly costs.

Utah Sales Tax

State	General Sales Tax	With Max Surtax
Utah	6.1%	8.35%

Utah Income Tax

State	Income Tax (Low)	Income Tax (High)
Utah	4.85%	4.85%

Goods & Services

Item	Park City	National avg.	Difference
Haircut	$20.87	$24.26	14.0%
Beauty Salon	$50.33	$45.56	10.5%
Toothpaste	$3.57	$3.70	3.6%
Shampoo	$1.18	$1.28	8.1%
Movie	$9.94	$12.13	18.1%
Bowling	$19.80	$18.00	10.0%

Groceries

Item	Park City	National avg.	Difference
Ground Beef	$5.76	$5.84	1.3%
Fried Chicken	$1.51	$1.57	4.2%
Milk	$4.65	$4.67	0.4%
Potatoes	$4.60	$4.93	6.7%
Pizza	$11.69	$12.09	3.3%
Beer	$10.59	$10.41	1.7%

Health Care

Item	Park City	National avg.	Difference
Optometrist	$125.19	$125.68	0.4%
Doctor	$117.14	$135.78	13.7%
Dentist	$85.13	$113.29	24.9%
Ibuprofen	$10.89	$10.65	2.3%
Lipitor	$528.57	$468.60	12.8%

Housing

Item	Park City	National avg.	Difference
Home Price	$1,096,400.00	$184,700.00	493.6%
Avg. Mortgage Payment	$3,117.82	$2,346.69	32.9%
Apartment Rent	$1,681.00	$949.00	77.1%

Transportation

Item	Park City	National avg.	Difference
Gasoline	$3.75	$3.46	8.3%
Tire Balancing	$57.07	$59.92	4.8%

Utilities

Item	Park City	National avg.	Difference
All Electricity	$198.43	$193.99	2.3%
Phone	$192.11	$192.25	0.1%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Kamas, UT	2,591	121	20.6%
Peoa, UT	183	121	21.4%
Heber, UT	16,362	123	22.9%
Francis, UT	1,364	124	23.9%
Wanship, UT	481	130	29.8%
Park City, UT	8,467	213	112.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sunset Hills, MO	8,466	137	37.0%
Prien, LA	8,469	109	8.5%
Absecon, NJ	8,471	109	8.5%
Pictou, Subd. C, NS	8,462	n/a
Oak Hills Place, LA	8,472	119	18.6%
Park City, UT	8,467	213	112.8%