Provo, UT is an ideal place for people looking for a balance between affordability and amenities. With 2 bedroom rent at $1,100 compared to the US average of $1,430 and a Grocery Cost Index of 93 compared to 100 in the US, living in Provo is more affordable than other parts of the country. Local companies such as Microsoft, Novell, Ancestry.com and Vivint are some of the many businesses that play an important role in the city’s economy. With its wonderful location close to Utah Lake State Park or downtown Salt Lake City, people can easily find activities or entertainment that best fit their budget.
Provo (zip 84601) has an unemployment rate of 2.1%. The US average is 6.0%.
Provo (zip 84601) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Provo (zip 84601)
- The Sales Tax Rate for Provo (zip 84601) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Provo (zip 84601) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Provo (zip 84601)
- The average income of a Provo (zip 84601) resident is $15,545 a year. The US average is $28,555 a year.
- The Median household income of a Provo (zip 84601) resident is $54,239 a year. The US average is $69,021 a year.