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.
Median Household Income
$83,342
Annual · Census ACS
Median Gross Rent
$1,438
Per month · Census ACS
Median Home Value
$472,300
Census ACS
Cost of Living Index
88.6
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
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
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,681
Per month
Avg Home Value
$809,925
Census ACS
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%
What is the cost of living index for Orem?
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.
What is the median rent in Orem?
The median gross rent in Orem is $1,438 per month according to US Census ACS data.
What is the median household income in Orem?
The median household income in Orem is $83,342 per year.
What is the median home value in Orem?
The median home value in Orem is $472,300 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?
Tax data for Utah is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
