Housing costs in Orem?
A typical home costs
$510,500, which is 51.0% more expensive than the national average of
$338,100 and 0.0% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Orem costs
$1,130 per month, which is 11.7% cheaper than the national average of
$1,280 and 2.7% cheaper than the state average of
$1,160.
Can I afford Orem?
To live comfortably in Orem (zip 84097), Utah, a minimum annual income of
$97,920 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Orem?
The cost of living in 84097 Orem, UT is relatively high compared to the national average. The housing market is quite expensive, with a median home value of $365,400 and rents averaging at about $1,287 per month. Other necessities such as food and clothing are also more expensive than the national average. On the other hand, the overall cost of living in 84097 Orem, UT is offset by its strong job market which offers higher wages than the national average - making it an attractive place for those looking to move.