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<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
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    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001263994</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-21432</fileNumber>
      </filer>
      <flags>
        <returnCopyFlag>true</returnCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
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    <generalInfo reportEndingPeriod="2024-10-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Reaves Utility Income Fund</registrantFullName>
      <investmentCompFileNo>811-21432</investmentCompFileNo>
      <registrantCik>0001263994</registrantCik>
      <registrantLei>549300GS807NR3X3LH36</registrantLei>
      <registrantstreet1>1700 Broadway</registrantstreet1>
      <registrantstreet2>Suite 1850</registrantstreet2>
      <registrantcity>Denver</registrantcity>
      <registrantzipCode>80290</registrantzipCode>
      <registrantstate>US-CO</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>18006445571</registrantphoneNumber>
      <websites>
        <website webpage="https://www.utilityincomefund.com/"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Paralel Technologies LLC</officeName>
          <officeAddress1>1700 Broadway, Suite 1850</officeAddress1>
          <officeCity>Denver</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CO"/>
          <officeRecordsZipCode>80290</officeRecordsZipCode>
          <officePhone>3032264150</officePhone>
          <booksRecordsDesc>All applicable accounts, books and documents required to be maintained by the Fund by Section 31(a) of the 1940 Act and the Rules promulgated thereunder are in the possession and custody of the Fund, c/o Paralel Technologies LLC.</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Jeremy Deems</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
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            <fileNumberInfo fileNumber="811-08194"/>
            <fileNumberInfo fileNumber="811-21987"/>
            <fileNumberInfo fileNumber="811-22175"/>
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        </director>
        <director>
          <directorName>JoEllen Legg</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22742"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Mary Anstine</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-08194"/>
            <fileNumberInfo fileNumber="811-21987"/>
            <fileNumberInfo fileNumber="811-22175"/>
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        <director>
          <directorName>Michael Holland</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Wayne Nordberg</directorName>
          <crdNumber>000349020</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Bradley Swenson</ccoName>
          <crdNumber>000316115</crdNumber>
          <ccoStreet1>1700 Broadway</ccoStreet1>
          <ccoStreet2>Suite 1850</ccoStreet2>
          <ccoCity>Denver</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-CO"/>
          <ccoZipCode>80290</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="Paralel Technologies" ccoEmployerId="85-3023507"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y"/>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-28818 "/>
      </releaseNumbers>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>	 Cohen &amp; Company </publicAccountantName>
          <pcaobNumber>	 925 </pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-OH"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>Y</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <paymentDividendSeries isPaymentDividend="Y"/>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Reaves Utility Income Fund</mgmtInvFundName>
        <mgmtInvLei>549300GS807NR3X3LH36</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Reaves Asset Management</investmentAdviserName>
            <investmentAdviserFileNo>801-13457</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000003140</investmentAdviserCrdNo>
            <investmentAdviserLei>254900WN2TEVPDIY4S09</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NJ" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>SS&amp;C Global Investor &amp; Distribution Solutions, Inc.</transferAgentName>
            <transferAgentFileNo>84-1963</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MO" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank &amp; Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>SS&amp;C Global Investor &amp; Distribution Solutions, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>21B7QCD05XOK0YTYOP98</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MO" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Paralel Technologies LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminStateCountry adminState="US-CO" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>JPMORGAN SECURITIES LLC</brokerName>
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            <brokerCrdNo>000000079</brokerCrdNo>
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            <brokerStateCountry brokerState="US-OH" brokerCountry="US"/>
            <grossCommission>77242</grossCommission>
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          <broker>
            <brokerName>UBS SECURITIES LLC</brokerName>
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            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>24009</grossCommission>
          </broker>
          <broker>
            <brokerName>INSTINET, LLC</brokerName>
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            <brokerCrdNo>000007897</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>92585</grossCommission>
          </broker>
          <broker>
            <brokerName>BARCLAYS CAPITAL INC.</brokerName>
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            <brokerCrdNo>000019714</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>47185</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC CAPITAL MARKETS, LLC</brokerName>
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            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>101851</grossCommission>
          </broker>
          <broker>
            <brokerName>GUGGENHEIM SECURITIES, LLC</brokerName>
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            <grossCommission>71455</grossCommission>
          </broker>
          <broker>
            <brokerName>VIRTU FINANCIAL CAPITAL MARKETS LLC</brokerName>
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            <grossCommission>130304</grossCommission>
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          <broker>
            <brokerName>WELLS FARGO SECURITIES, LLC</brokerName>
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            <brokerCrdNo>000126292</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
            <grossCommission>119989</grossCommission>
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          <broker>
            <brokerName>Tuohy Brothers Investment Research, Inc.</brokerName>
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            <brokerCrdNo>000133672</brokerCrdNo>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>27033</grossCommission>
          </broker>
          <broker>
            <brokerName>MORGAN STANLEY</brokerName>
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            <brokerStateCountry brokerState="US-MD" brokerCountry="US"/>
            <grossCommission>37833</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>876185</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>2288077218</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>None</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XASE" commonStockTickerSymbol="UTG"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <secondaryOfferings isSecondaryOffering="Y">
        <secondaryOfferingType>Common stock</secondaryOfferingType>
      </secondaryOfferings>
      <isRepurchaseSecurity>N</isRepurchaseSecurity>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>0.71</managementFee>
      <netOperatingExpenses>2.43</netOperatingExpenses>
      <marketPricePerShare>32.52</marketPricePerShare>
      <netAssetValuePerShare>32.60</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Reaves Utility Income Fund" signedDate="2024-01-10" signature="Jill Kerschen" title="Treasurer"/>
  </formData>
</edgarSubmission>
