Most Expensive Park City Neighborhoods
Park City is a somewhat small city located in the state of Utah. With a population of 8,058 people and eight constituent neighborhoods, Park City is the 67th 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.
Park City is a decidedly white-collar city, with fully 91.55% of the workforce employed in white-collar jobs, well above the national average. Overall, Park City is a city of managers, service providers and sales and office workers. There are especially a lot of people living in Park City who work in management occupations (20.01%), sales jobs (16.77%) and maintenance occupations (9.21%).
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.
Also of interest is that Park City 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: 16.60% 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.
Another notable thing is that Park City is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the city’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
Despite being a small city, Park City has a lot of people using the bus to get to and from work every day. Most of these people on the bus are using it to get to good jobs in other cities.
Do you like to read, write and learn? If you move to Park City, you'll likely find that many of your neighbors like to as well. Park City is one of the more educated communities in America, with a full 60.68% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Park City in 2010 was $62,125, which is wealthy relative to Utah and the nation. This equates to an annual income of $248,500 for a family of four. However, Park City contains both very wealthy and poor people as well.
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 18.79% of the city’s residents. Important ancestries of people in Park City include English, German, Irish, Italian, Scottish and Danish.
In addition, Park City has a lot of people living here who were born outside of the US (16.38%).
The most common language spoken in Park City is English. Some people also speak Spanish.
|PARK CITY INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||3,192|
|PARK CITY HOME OWNERSHIP|
|% OWNER OCCUPIED||63.60%|
|% RENTER OCCUPIED||36.40%|
|TYPE OF PARK CITY HOMES|
|SINGLE FAMILY DETACHED||36.32%|
|ROWHOUSES AND ATTACHED HOMES||12.10%|
|SMALL APARTMENT BUILDINGS||10.60%|
|COMPLEXES OR HIGH RISE APARTMENTS||40.53%|
|SIZE OF PARK CITY HOMES|
|5 OR MORE BEDROOMS||12.21%|
|AGE OF PARK CITY HOMES|
|NEWER HOMES (2000 OR LATER)||18.34%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||75.55%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||3.07%|
|HISTORIC (1939 OR BEFORE)||3.03%|
|PARK CITY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$869,746|
|MEDIAN RENTAL PRICE||$1,257|
|HOME VALUE RANGE|
|$0 - $60,000||1.51%|
|$60,001 - $121,000||1.22%|
|$121,001 - $241,000||4.68%|
|$241,001 - $362,000||4.58%|
|$362,001 - $482,000||9.11%|
|$482,001 - $603,000||7.31%|
|$603,001 - $904,000||21.09%|
|$904,001 - $1,206,000||14.86%|
|PEOPLE OF PARK CITY||DETAILS|
|UNDER 5 YEARS||6.63%|
|5 TO 17||14.07%|
|18 TO 24||7.66%|
|25 TO 34||16.80%|
|35 TO 54||27.14%|
|55 TO 64||17.02%|
|65 YEARS AND OVER||10.68%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||92.14%|
|MEDIAN HOUSEHOLD INCOME||$88,438|
|PER CAPITA INCOME||$62,125|
|INDIVIDUALS BELOW POVERTY LEVEL||19.29%|
|INDUSTRIES PEOPLE WORK IN||Accommodation (14.07%)
Professional, scientific, and technical services (12.60%)
Real estate (7.03%)
Public Service (2.06%)
Information Technology (2.01%)
|BLACK OR AFRICAN AMERICAN||0.34%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.09%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||2.22%|
|TWO OR MORE RACES||0.06%|
|HISPANIC OR LATINO (OF ANY RACE)||18.79%|
|ETHNICITIES PRESENT||English (14.54%)
|LANGUAGES SPOKEN||English (80.64%)
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