Provo, UT Cost Of Living
Cost Of Living In Provo, UT Summary
Cost of living in Provo 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 Provo 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 Provo is 99, with 100 being the average.
The cost of living index in Provo is 1.0x lower than the national average.
Provo ranks as the #24 cheapest in Utah out of 91.
Provo ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Provo is $328,500.
The median income in Provo is $53,572.
Table Of Contents
Provo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Provo, UT?
According to the most recent data on the cost of living, Provo has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Utah, Provo has a cost of living index that's 1.0x lower than Utah's index of 102.
The standard of living in Provo ranks as #24 most affordable out of the 91 places we measured in Utah. By definition, that implies Provo ranks as the #67 most expensive place in the Beehive State.
For more reading on life in Provo, check out:
- Living In Provo
- Provo Crime Report
- Search Homes For Sale In Provo, UT
In Utah
In America
Provo Cost Of Living Vs. Utah
Six factors go into calculating the cost of living index in Provo. Here is how it fairs on each of the criteria:
The Services index in Provo is 101.
The Groceries index in Provo is 98.
The Health index in Provo is 90.
The Housing index in Provo is 105.
The Transportation index in Provo is 102.
The Utilities index in Provo is 86.
| Living Expense | Provo | Utah | National Average | |
|---|---|---|---|---|
| Overall | 99 | 102 | 100 | |
| Services | 101 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 90 | 90 | 100 | |
| Housing | 105 | 109 | 100 | |
| Transportation | 102 | 105 | 100 | |
| Utilities | 86 | 93 | 100 | |
Provo, 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 2017-2021. The key points are:
The Median Home Value in Provo is $328,500.
The Median Rent in Provo is $973.
The Median Income in Provo is $53,572.
The Home Value To Income in Provo is 6.1x.
The Rent To Monthly Income in Provo is 0.22x.
| Statistic | Provo | Utah | United States |
|---|---|---|---|
| Median Home Value | $328,500 | $339,700 | $244,900 |
| Median Rent | $973 | $1,171 | $1,163 |
| Median Income | $53,572 | $79,133 | $69,021 |
| Home Value To Income | 6.1x | 4.3x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Provo, UT Costs By Category
Detailed Provo Services Costs Vs. Utah
Detailed Provo Groceries Costs Vs. Utah
Detailed Provo Health Costs Vs. Utah
Detailed Provo Transportation Costs Vs. Utah
Detailed Provo Utilities Costs Vs. Utah
Provo SnackAbility
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Cost Of Living In Cities Around Provo
The cost of living varies in the cities and towns around Provo. Here's a quick look at the cost of living in the most populous nearby places:
Orem, UT has a cost of living index of 101, 1.0x Provo.
Lehi, UT has a cost of living index of 112, 1.1x Provo.
Spanish Fork, UT has a cost of living index of 101, 1.0x Provo.
| City | Population | Cost Of Living | Vs. Provo |
|---|---|---|---|
| Orem, UT | 96,734 | 101 | 1.0x |
| Lehi, UT | 73,911 | 112 | 1.1x |
| Spanish Fork, UT | 41,953 | 101 | 1.0x |
| Pleasant Grove, UT | 37,228 | 103 | 1.0x |
| Saratoga Springs, UT | 36,977 | 111 | 1.1x |
| Springville, UT | 34,750 | 98 | 1.0x |
| Highland, UT | 18,913 | 134 | 1.4x |
| Vineyard, UT | 11,579 | 127 | 1.3x |
| Lindon, UT | 11,346 | 115 | 1.2x |
| Mapleton, UT | 11,226 | 117 | 1.2x |
