Cost of Living in Provo, UT

Population 114,303 · Utah · Data vintage 2023

121
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 24 and an unusually high bachelor's-degree rate of 31%, Provo is shaped heavily by its student population. That also means median household incomes of $62,800 skew low — the count includes students — while working-household figures run considerably higher. Around 22% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Cost Overview

Housing 143
Rent 88

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Provo

The median home value in Provo is $437,100 — 43% above the national median of $305,000. Median rent runs $1,152/month, 12% lower than the national median of $1,314/month. The median household income of $62,800/year is 16% lower than the US median of $74,580. The local unemployment rate is 4.7%, below the national average of 4.8%. Utah's top state income tax rate is 4.5% and the combined sales tax is 5.9%. The climate averages highs of 64.9°F and lows of 44.4°F, with about 51.9" of annual snowfall. Overall, Provo has a cost of living index of 121 versus the US average of 100, meaning it is 21% more expensive.

🏠 Housing

Median Home Value
$437,100
43% above avg
Zillow Home Value
$478,857
Zillow ZHVI
Median Rent
$1,152/mo
12% below avg
Zillow Rent
$1,448/mo
Zillow ZORI
Price-to-Rent Ratio
31.6x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$737
1 BR
$870
2 BR
$1,036
3 BR
$1,418
4 BR
$1,699
Owner-occupied 39.9%
Renter-occupied 60.1%

💰 Estimated Monthly Budget

Rent median rent
$1,152
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,766/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.2 min
25% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.2%

Commute Mode

Drove alone
57.4%
Carpooled
10.4%
Public transit
5.3%
Walked
10.3%
Bicycle
1.4%
Work from home
14.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 5.9%
State rate 4.8%
Avg local rate 1.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$62,800
16% below avg
Per Capita Income
$26,755
Unemployment Rate
4.7%
3% below avg
Poverty Rate
22.3%
Labor Force Participation
73.5%

🎓 Education

Bachelor's degree+ 31.1%
Graduate degree 13.8%

👥 Demographics

Median Age 23.7
Male median age 24
Female median age 23.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.9°F
Avg Low
44.4°F
Annual Precip
15.5"
Annual Snowfall
51.9"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394555627384949281665139
Low °F 242936425059686756443325
Precip" 1.431.301.752.161.820.950.490.581.061.261.321.40
Snow" 12.710.75.92.90.10.00.00.00.00.57.012.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
55.1%
Good air days/yr
104
Max AQI recorded
132
PM2.5 days
231
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

89%
4-Year Graduation Rate
24.3:1
Student-teacher ratio
23
Public schools
17,005
Total enrollment

Frequently Asked Questions

What is the cost of living in Provo, UT?

Provo has a cost index of 121 (100 = national average). It is 21% above the national average.

What is average rent in Provo, UT?

The median gross rent in Provo is $1,152 per month based on 2023 Census data.

What is the average home price in Provo?

The median home value in Provo is $437,100 according to Zillow and Census data.

What is the median income in Provo?

The median household income in Provo is $62,800 per year (2023 ACS 5-year estimates).

What is the sales tax in Provo, UT?

The combined state and local sales tax rate in Provo is 5.9%. The Utah state income tax top rate is 4.5%.

Is Provo, UT affordable?

Provo is above average in cost of living, with an index of 121 — about 21% higher than the national average.

What is the weather like in Provo?

Provo has average high temperatures of 64.9°F and average lows of 44.4°F. Annual precipitation is 15.5". Average annual snowfall is 51.9". Data from NOAA 1991–2020 Climate Normals.

Provo at a Glance

Population
114,303
Median Income
$62,800
Home Value
$437,100
Median Rent
$1,152/mo
Unemployment
4.7%
Avg High Temp
64.9°F
Sales Tax
5.9%
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