Orem, UT is a great city to consider for relocation. It has a low cost of living with an average rent of $1,140 for two bedrooms and a grocery cost index of 95 compared to the US average of 100. The city boasts many local companies and attractions that make it an attractive destination. Notable businesses include Vivint Smart Home, Altra Federal Credit Union, SCI Utah Funeral Services, and more. Visitors can take in some of the local sights like the Seven Peaks Waterpark, the Museum of Natural Curiosity and the Utah Valley Conference Center. With so much to offer, Orem is a great place to live!
Orem has an unemployment rate of 2.6%. The US average is 6.0%.
Orem 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 52.2%, which is higher than the US average of 33.5%.
Tax Rates for Orem
- The Sales Tax Rate for Orem is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Orem 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 Orem
- The average income of a Orem resident is $20,621 a year. The US average is $28,555 a year.
- The Median household income of a Orem resident is $70,412 a year. The US average is $69,021 a year.