Housing costs in Orem?
A typical home costs
$460,500, which is 36.2% more expensive than the national average of
$338,100 and 9.8% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Orem costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 12.3% cheaper than the state average of
$1,280.
Can I afford Orem?
To live comfortably in Orem, Utah, a minimum annual income of
$88,200 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Orem?
Orem serves up an interesting option for budget-friendly living positioned somewhere inside Utah's Utah County featuring median house prices arriving close to $335K while rent typically lands around two thirds that amount depending upon desired amenities - both notably lower compared to other nearby towns like Highland or Provo located further up north. Groceries additionally remain almost equal with United States figures thanks largely to local taxes & regulations while sales tax amounts out constant at 6.85%.