Orem, Utah has an overall cost of living index of 87.3, which is 12.7 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,405 per month, while the typical home is valued around $439,000. Households earn a median of $81,292 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$81,292
Annual · Census ACS
Median Gross Rent
$1,405
Per month · Census ACS
Median Home Value
$439,000
Census ACS
Cost of Living Index
87.3
BEA RPP · US avg = 100
Studio FMR
$1,257
HUD Fair Market Rent
1BR Fair Market Rent
$1,265
HUD FMR
2BR Fair Market Rent
$1,460
HUD FMR
3BR Fair Market Rent
$2,031
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
87.3
Goods
95.9
Rents / Housing
67.5
Services
66.3
Source: BEA Regional Price Parities (metro-level)
State Income Tax
4.65%
Top marginal rate
State Sales Tax
4.85%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $107,530 |
| 🏥Registered Nurse | $78,400 |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | $50,460 |
| 📊Accountant | $63,580 |
Source: BLS OEWS 2023 (metro-level data)
Population
97,048
Latest estimate
Median Age
26.9 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Orem?
Orem has a Regional Price Parity (RPP) index of 87.3. The US national average is 100, so Orem is 12.7 points below the national average.
What is the median rent in Orem?
The median gross rent in Orem is $1,405 per month according to US Census ACS data.
What is the median household income in Orem?
The median household income in Orem is $81,292 per year.
What is the median home value in Orem?
The median home value in Orem is $439,000 based on the latest Census ACS survey.
How is the air quality in Orem?
Air quality data for Orem is not yet available.
What are the taxes like in Orem?
Utah has a top state income tax rate of 4.65% and a statewide sales tax of 4.85% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology