Due to its elevation (747 m (2,451 ft)), temperatures are lowered and rainfall is intensified, resulting in the town possessing a subtropical semi-arid climate (Köppen: BSh).

Price was one of the main initiators and supporters of the opening up of the Pilbara region to iron ore mining,[5] a long-time associate of Henry J. Kaiser and active in the exploration and development of the Hamersley Range.

[6] Thomas Moore Price, born January 14, 1891, in Madison, North Carolina, died in September 1962, two hours after learning of the discovery of the deposits at what later was called Mt.

Being situated in the Pilbara, Tom Price is in a close proximity to many popular attractions, including Karijini National Park, Millstream, Wittenoom and Mount Nameless/Jarndunmunha.

Due to its isolation and small population many parents choose to send their children away to boarding schools to further their secondary education, particularly university-bound students, as Tom Price Senior High lacks the student numbers to fulfil the required class numbers set by the Department of Education and Training for many ATAR (Australian Tertiary Admission Rank) subjects.