Park City is a somewhat small city located in the state of Utah. With a population of 8,374 people and nine associated neighborhoods, Park City is the 72nd largest community in Utah.
Park City home prices are not only among the most expensive in Utah, but Park City real estate also consistently ranks among the most expensive in America.
Of important note, Park City is also a city of artists. Park City has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Park City’s character.
A relatively large number of people in Park City telecommute to their jobs. Overall, about 18.08% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Park City is a major vacation destination. Much of the city’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Park City’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Compared to the rest of the country, citizens of Park City spend much less time in their cars: on average, their commute to work is only 16.01 minutes. This also means that noise and pollution levels in the city are less than they would otherwise be.
If knowledge is power, Park City is a pretty powerful place. 64.97% of the adults in Park City have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Park City in 2022 was $87,440, which is wealthy relative to Utah and the nation. This equates to an annual income of $349,760 for a family of four. However, Park City contains both very wealthy and poor people as well.
Park City is a very ethnically-diverse city. The people who call Park City home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Park City residents report their race to be White, followed by Asian. Park City also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.29% of the city’s residents. Important ancestries of people in Park City include English, German, Irish, Italian, and European.
The most common language spoken in Park City is English. Other important languages spoken here include Spanish and Polish.