Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Located in the state of Tennessee, Park City is a small-sized city with a population of 3,500 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (85% White). Given that fact, Park City could be considered less diverse than other cities. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Park City is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Living in Park City can be a fulfilling experience for anyone relocating to the town. Having said that, in the state of Tennessee, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, cost of living, commute, health & safety and other key data points, finding the best places to live in Park City and in the areas around Park City is a much easier task.
The livability score in Park City is 64 out of 100 and the city is ranked in the 58th percentile of all cities across America. If we dig down a little deeper into each category within the livability score, we see that Park City has higher than average grades for the following: crime (B-), employment (B+) and housing (A+). There are some categories that Park City scores poorly for, including: amenities (F) and education (D-). It might be worth taking a closer look to determine why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Park City, the unemployment rate stands at 0.8%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Park City excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Park City is actually affordable. Median real estate prices in Park City come in at $131,700, which is 9.8% lower than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Park City, the home price to income ratio is 2.1, which is 32.3% lower than the Tennessee average.
| Statistic | Park City | Tennessee | National |
| Average one way commute | 24min | 25min | 26min |
| Workers who drive to work | 84.7% | 83.6% | 76.4% |
| Workers who carpool | 10.6% | 9.2% | 9.3% |
| Workers who take public transit | 0.0% | 0.8% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.0% | 1.4% | 2.8% |
| Working from home | 4.7% | 3.9% | 4.6% |
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