Housing costs in Orem?
A typical home costs
$443,300, which is 31.1% more expensive than the national average of
$338,100 and 13.2% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Orem costs
$1,180 per month, which is 7.8% cheaper than the national average of
$1,280 and close to the state average of
$1,160.
Can I afford Orem?
To live comfortably in Orem (zip 84058), Utah, a minimum annual income of
$84,960 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Orem?
The cost of living in 84058 Orem, UT is relatively affordable. According to the BestPlaces Bureau, the median home value in this zip code is $307,955, and the median gross rent is only $1,347 per month. The overall cost of living index score for Orem is 83.1 out of 100, which is lower than the national average. Additionally, consumer prices are 8% lower than the national average, so residents are able to get more for their money when it comes to necessities such as food and clothing. All of these factors make Orem an attractive place to live for those who want a good quality of life without breaking the bank.