Ephraim is a somewhat small city located in the state of Utah. With a population of 6,220 people and two associated neighborhoods, Ephraim is the 89th largest community in Utah. Much of the housing stock in Ephraim was built relatively recently. The construction of new real estate can often be taken as an indication that the local Ephraim economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Ephraim, where 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.

Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 16.67 minutes getting to work every day.

The citizens of Ephraim are among the most well-educated in the nation: 42.48% of adults in Ephraim have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's 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.