Orem, Utah has an overall cost of living index of 88.6, which is 11.4 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,438 per month, while the typical home is valued around $472,300. Households earn a median of $83,342 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$83,342
Median Income / yr
Census ACS
$1,438
Median Rent / mo
Census ACS
$472,300
Median Home Value
Census ACS
88.6
Cost of Living Index
Studio FMR
$1,257
HUD · FY2024
1BR Fair Market Rent
$1,265
HUD · FY2024
2BR Fair Market Rent
$1,460
HUD · FY2024
3BR Fair Market Rent
$2,031
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
88.6
Goods
95.8
Rents / Housing
71.1
Services
67.9
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $127,380 |
| Registered Nurse | $82,460 |
| Elementary Teacher | N/A |
| Electrician | $56,170 |
| Accountant | $66,680 |
| Plumber | N/A |
| Nurse Practitioner | $253,220 |
| Civil Engineer | $91,400 |
| Operations Manager | $80,560 |
| Market Research Analyst | $64,860 |
| Health Services Manager | $110,610 |
| Truck Driver | $52,680 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
97,182
Latest estimate
Median Age
27 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
6
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,355
Per month
Avg Home Value
$428,600
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 84057 | — | $1,283 | $360,200 |
| ZIP 84058 | — | $1,289 | $398,900 |
| ZIP 84059 | — | $1,736 | $450,400 |
| ZIP 84062 | — | $1,432 | $445,600 |
| ZIP 84097 | — | $1,295 | $453,100 |
| ZIP 84604 | — | $1,093 | $463,400 |
January Avg
31°F
July Avg
80°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
31.0
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
89.9%
Orem has a Regional Price Parity (RPP) index of 88.6. The US national average is 100, so Orem is 11.4 points below the national average.
The median gross rent in Orem is $1,438 per month according to US Census ACS data.
The median household income in Orem is $83,342 per year.
The median home value in Orem is $472,300 based on the latest Census ACS survey.
Air quality data for Orem is not yet available.
Tax data for Utah is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
