Cost of Living in Provo, UT
Cost of Living in Provo, UT has an overall index of 110, 10% above the U.S. baseline of 100. The typical home value is $437,100; typical monthly rent is $1,152; and median household income is $62,800.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Home prices are the main source of pressure. This describes the local market, not your household.
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Frequently asked questions about Provo
Living in Provo
What is the cost of living like in Provo, UT?+
Living costs in Provo land close to the national average, with a Cost Index of 110 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $437,100, and typical monthly rents are $1,152. Groceries and utilities are slightly below what you would find in most US cities.
How does Provo fit a household housing budget?+
Start with housing. Typical monthly rent is $1,152, while local median household income is $62,800. That implies a rent-burden proxy of about 22% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Provo, UT?+
Utah uses a flat model; 4.65% is top marginal-rate context. Applying the 0.58% state-level effective owner-occupied proxy to a home worth $437,100 gives a planning estimate near $2,535 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 7.19%.
How much does it cost to rent in Provo, UT?+
The typical monthly rent in Provo is around $1,152. That's roughly 15% lower than the $1,348 national median. For comparison, the median home value here is $437,100, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Provo, UT?+
The typical home value in Provo is $437,100. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $2,121/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 40% of residents here own their homes.
Are groceries and utilities expensive in Provo?+
Grocery prices in Provo are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 79). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Provo, UT like to live in?+
Provo is a mid-sized city with a population of about 114,303. The median age of residents is 23.7, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 22.29%, above the national average of 12.4%.