Price is located within short distances of both Nine Mile Canyon and the Manti-La Sal National Forest.

According to the United States Census Bureau, the city has a total area of 5.1 square miles (13.1 km2), all land.

Today Amtrak's California Zephyr passes once a day each direction with a station about seven miles away in Helper.

[citation needed] Price is located in an arid climate and features cold winters and relatively moderate summers.

Price lies in the rain shadow of central Utah's Wasatch Mountains so that precipitation averages only 9.24 inches or 234.7 millimetres annually.

Late summer and early fall are the wettest times of year due to the Gulf of California monsoon that brings scattered thunderstorms to the region.

It is also the location of the charter Pinnacle Canyon Academy, which serves grades K-12, as well as the Castle Valley Center for disabled children.

Some children located in the Gordon Creek area attend Sally Mauro Elementary in Helper.