Provo, UT is a great place to live in due to its low cost of living compared to the rest of the US. The average 2 bedroom rent in Provo is $1,070, while the average 2 bedroom rent in the US is $1,430. Furthermore, the Grocery Cost Index in Provo is 94 versus 100 in the US. This can be attributed to several local companies such as Vivint Smart Home, AncestryDNA and WordPerfect Corporation who provide goods and services that keep costs low for everyone living in Provo. For those looking for an affordable place to live with plenty of options for work, Provo is an excellent choice!
Provo has an unemployment rate of 2.1%. The US average is 6.0%.
Provo 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 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Provo
- The Sales Tax Rate for Provo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Provo 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 Provo
- The average income of a Provo resident is $17,539 a year. The US average is $28,555 a year.
- The Median household income of a Provo resident is $53,572 a year. The US average is $69,021 a year.