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 101, with 100 being the average.
The cost of living index in Orem is 1.0x higher than the national average.
Orem ranks as the #32 cheapest in Utah out of 91.
Orem ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Orem is $329,000.
The median income in Orem is $70,412.
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 101, which is 1.0x higher than the national index of 100.
Compared to Utah, Orem has a cost of living index that's 1.0x lower than Utah's index of 102.
The standard of living in Orem ranks as #32 most affordable out of the 91 places we measured in Utah. By definition, that implies Orem ranks as the #59 most expensive place in the Beehive State.
For more reading on life in Orem, check out:
- Living In Orem
- Orem Crime Report
- Search Homes For Sale In Orem, UT
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 100.
The Groceries index in Orem is 98.
The Health index in Orem is 91.
The Housing index in Orem is 111.
The Transportation index in Orem is 99.
The Utilities index in Orem is 89.
| Living Expense | Orem | Utah | National Average | |
|---|---|---|---|---|
| Overall | 101 | 102 | 100 | |
| Services | 100 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 91 | 90 | 100 | |
| Housing | 111 | 109 | 100 | |
| Transportation | 99 | 105 | 100 | |
| Utilities | 89 | 93 | 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 2017-2021. The key points are:
The Median Home Value in Orem is $329,000.
The Median Rent in Orem is $1,144.
The Median Income in Orem is $70,412.
The Home Value To Income in Orem is 4.7x.
The Rent To Monthly Income in Orem is 0.19x.
| Statistic | Orem | Utah | United States |
|---|---|---|---|
| Median Home Value | $329,000 | $339,700 | $244,900 |
| Median Rent | $1,144 | $1,171 | $1,163 |
| Median Income | $70,412 | $79,133 | $69,021 |
| Home Value To Income | 4.7x | 4.3x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
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 99, 1.0x Orem.
Lehi, UT has a cost of living index of 112, 1.1x Orem.
Draper, UT has a cost of living index of 127, 1.3x Orem.
| City | Population | Cost Of Living | Vs. Orem |
|---|---|---|---|
| Provo, UT | 113,538 | 99 | 1.0x |
| Lehi, UT | 73,911 | 112 | 1.1x |
| Draper, UT | 49,978 | 127 | 1.3x |
| Pleasant Grove, UT | 37,228 | 103 | 1.0x |
| Saratoga Springs, UT | 36,977 | 111 | 1.1x |
| Springville, UT | 34,750 | 98 | 1.0x |
| American Fork, UT | 32,822 | 103 | 1.0x |
| Highland, UT | 18,913 | 134 | 1.3x |
| Bluffdale, UT | 16,576 | 125 | 1.2x |
| Vineyard, UT | 11,579 | 127 | 1.3x |
