Cost of Living in Hyde Park, UT

Population 5,410 · Utah · Data vintage 2023

138
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hyde Park sits on the smaller end of the Utah city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Hyde Park is about 70 miles north of Salt Lake City, the nearest large metro. Housing prices track closely with Salt Lake City's $496,000 median.

Cost Overview

Housing 166
Rent 97

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hyde Park

The median home value in Hyde Park is $507,400 — 66% above the national median of $305,000. Median rent runs $1,269/month, 3% lower than the national median of $1,314/month. The median household income of $108,068/year is 45% higher than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Utah's top state income tax rate is 4.5% and the combined sales tax is 5.9%. The climate averages highs of 60.8°F and lows of 34.4°F. Overall, Hyde Park has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.

🏠 Housing

Median Home Value
$507,400
66% above avg
Zillow Home Value
$158,041
Zillow ZHVI
Median Rent
$1,269/mo
3% below avg
Price-to-Rent Ratio
33.3x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$737
1 BR
$870
2 BR
$1,036
3 BR
$1,418
4 BR
$1,699
Owner-occupied 92.3%
Renter-occupied 7.7%

💰 Estimated Monthly Budget

Rent median rent
$1,269
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,883/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.9 min
30% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.8%

Commute Mode

Drove alone
71.7%
Carpooled
11.1%
Public transit
0.4%
Walked
0.1%
Bicycle
0.8%
Work from home
14.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 5.9%
State rate 4.8%
Avg local rate 1.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$108,068
45% above avg
Per Capita Income
$43,282
Unemployment Rate
3.8%
21% below avg
Poverty Rate
6.2%
Labor Force Participation
65.8%

🎓 Education

Bachelor's degree+ 32.0%
Graduate degree 24.4%

👥 Demographics

Median Age 30.9
Male median age 30.7
Female median age 31.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.8°F
Avg Low
34.4°F
Annual Precip
15.6"
10° 33° 55° 78° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323750606981918978634733
Low °F 151829354247555344342517
Precip" 1.421.271.661.962.091.160.320.691.241.491.191.11

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
60%
Good air days/yr
187
Max AQI recorded
121
PM2.5 days
244
Ozone days

Frequently Asked Questions

What is the cost of living in Hyde Park, UT?

Hyde Park has a cost index of 138 (100 = national average). It is 38% above the national average.

What is average rent in Hyde Park, UT?

The median gross rent in Hyde Park is $1,269 per month based on 2023 Census data.

What is the average home price in Hyde Park?

The median home value in Hyde Park is $507,400 according to Zillow and Census data.

What is the median income in Hyde Park?

The median household income in Hyde Park is $108,068 per year (2023 ACS 5-year estimates).

What is the sales tax in Hyde Park, UT?

The combined state and local sales tax rate in Hyde Park is 5.9%. The Utah state income tax top rate is 4.5%.

Is Hyde Park, UT affordable?

Hyde Park is above average in cost of living, with an index of 138 — about 38% higher than the national average.

What is the weather like in Hyde Park?

Hyde Park has average high temperatures of 60.8°F and average lows of 34.4°F. Annual precipitation is 15.6". Data from NOAA 1991–2020 Climate Normals.

Hyde Park at a Glance

Population
5,410
Median Income
$108,068
Home Value
$507,400
Median Rent
$1,269/mo
Unemployment
3.8%
Avg High Temp
60.8°F
Sales Tax
5.9%
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🗺️ County data for Utah

Explore county-level cost of living data

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