Ephraim is a somewhat small city located in the state of Utah. With a population of 6,108 people and two associated neighborhoods, Ephraim is the 89th largest community in Utah. There's nothing like the smell of a brand new house, and in Ephraim, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Ephraim, and putting down their money on brand new construction. Ephraim’s real estate is, on average, some of the newest in the nation. Ephraim does seem to be experiencing an influx of affluent people, because the median household income is $71,661.00.

Housing costs in Ephraim are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Utah.

Also of interest is that Ephraim has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.49% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

Ephraim is a small town with a large college student population. Because of this, there is a real youthful, hip vibe to the place, and much of the life in the town is centered on the college. This has helped Ephraim to buck the trend of other small towns that have suffered declining populations over the past 20 to 30 years. Spending by students, and faculty and staff jobs, are a big part of the local economy.

One of the benefits of Ephraim is that there is very little traffic. The average commute to work is 16.67 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

The education level of Ephraim ranks among the highest in the nation. Of the 25-and-older adult population in Ephraim, 42.48% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Ephraim in 2022 was $24,319, which is low income relative to Utah and the nation. This equates to an annual income of $97,276 for a family of four. However, Ephraim contains both very wealthy and poor people as well.

The people who call Ephraim home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Ephraim residents report their race to be White, followed by Black or African-American. Important ancestries of people in Ephraim include English, European, Danish, Irish, and Scandinavian.

The most common language spoken in Ephraim is English. Other important languages spoken here include Spanish and French.