Provo-Orem, UT Metro Area is a vibrant and dynamic area of the United States. The cost of living in the metro area is quite low compared to other areas, with two bedroom rent estimated at $1,160 - lower than the US average of $1,430. Grocery costs are also low, with an index rating of 95 versus 100 in the US. This makes Provo-Orem a great place for people looking to save on living expenses.\nThe metro area is home to a variety of companies, such as Adobe Systems, Vivint Smart Home, Ancestry.com and Novell Inc., among others. These established businesses provide job opportunities and economic stability for the region's residents. Additionally, there are several start-ups that have developed out of this vibrant community. With such a diverse mix of businesses and industries in the area, Provo-Orem has become an attractive destination for business growth and development.
Provo-Orem Metro Area has an unemployment rate of 2.5%. The US average is 6.0%.
Provo-Orem Metro Area 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 51.7%, which is higher than the US average of 33.5%.
Tax Rates for Provo-Orem Metro Area
- The Sales Tax Rate for Provo-Orem Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Provo-Orem Metro Area 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-Orem Metro Area
- The average income of a Provo-Orem Metro Area resident is $20,927 a year. The US average is $28,555 a year.
- The Median household income of a Provo-Orem Metro Area resident is $82,742 a year. The US average is $69,021 a year.