Housing costs in Provo-Orem?
A typical home costs
$520,400, which is 53.9% more expensive than the national average of
$338,100 and 1.9% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Provo-Orem costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 10.3% more than the state average of
$1,280.
Can I afford Provo-Orem?
To live comfortably in Provo-Orem U Metro Area, Utah, a minimum annual income of
$99,720 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Provo-Orem?
The cost of living in the Provo-Orem, UT Metro Area is significantly higher than the national average. According to the data, it is estimated that the median house value is $520400, which is more than 1.5 times the US average of $338,100. Additionally, the cost of living index for this area is 116.3, meaning that it costs 16.3% more to live in Provo-Orem than on average in the United States. Therefore, individuals and families should consider these factors when deciding whether to relocate or purchase a home in this area.