Orem, UT Cost Of Living
Cost Of Living In Orem, UT Summary
Cost of living in Orem research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Orem is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Utah, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Orem is 113, with 100 being the average.
The cost of living index in Orem is 1.1x higher than the national average.
Orem ranks as the #38 cheapest in Utah out of 92.
Orem ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Orem is $494,919.
The median income in Orem is $81,292.
Table Of Contents
Orem's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Orem, UT?
According to the most recent data on the cost of living, Orem has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Utah, Orem has a cost of living index that's 1.1x higher than Utah's index of 104.
The standard of living in Orem ranks as #38 most affordable out of the 92 places we measured in Utah. By definition, that implies Orem ranks as the #54 most expensive place in the Beehive State.
For more reading on life in Orem, check out:
In Utah
In America
Orem Cost Of Living Vs. Utah
Six factors go into calculating the cost of living index in Orem. Here is how it fairs on each of the criteria:
The Services index in Orem is 101.
The Groceries index in Orem is 99.
The Health index in Orem is 95.
The Housing index in Orem is 147.
The Transportation index in Orem is 108.
The Utilities index in Orem is 92.
| Living Expense | Orem | Utah | National Average | |
|---|---|---|---|---|
| Overall | 113 | 104 | 100 | |
| Services | 101 | 101 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 95 | 90 | 100 | |
| Housing | 147 | 115 | 100 | |
| Transportation | 108 | 104 | 100 | |
| Utilities | 92 | 96 | 100 | |
Orem, UT Housing Cost Breakdown
Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Orem is $494,919.
The Median Rent in Orem is $1,405.
The Median Income in Orem is $81,292.
The Home Value To Income in Orem is 6.1x.
The Rent To Monthly Income in Orem is 0.21x.
Median Home Value
Median Rent
Median Income
Orem, UT Costs By Category
Detailed Orem Services Costs Vs. Utah
Detailed Orem Groceries Costs Vs. Utah
Detailed Orem Health Costs Vs. Utah
Detailed Orem Transportation Costs Vs. Utah
Detailed Orem Utilities Costs Vs. Utah
Orem SnackAbility
/10
Cost Of Living In Cities Around Orem
The cost of living varies in the cities and towns around Orem. Here's a quick look at the cost of living in the most populous nearby places:
Provo, UT has a cost of living index of 113, 1.0x Orem.
Lehi, UT has a cost of living index of 127, 1.1x Orem.
Draper, UT has a cost of living index of 147, 1.3x Orem.
| City | Population | Cost Of Living | Vs. Orem |
|---|---|---|---|
| Provo, UT | 114,303 | 113 | 1.0x |
| Lehi, UT | 81,039 | 127 | 1.1x |
| Draper, UT | 50,159 | 147 | 1.3x |
| Saratoga Springs, UT | 44,070 | 128 | 1.1x |
| Pleasant Grove, UT | 37,544 | 119 | 1.1x |
| Springville, UT | 35,474 | 112 | 1.0x |
| American Fork, UT | 35,312 | 120 | 1.1x |
| Highland, UT | 19,625 | 159 | 1.4x |
| Bluffdale, UT | 18,168 | 141 | 1.2x |
| Vineyard, UT | 13,510 | 133 | 1.2x |
