Cost of Living Comparison for Provo, UT
Updated 2026 · Local data pre-filled
Provo's cost of living index is 106 — 6% more expensive than the national average. This factors in housing, groceries, utilities, transportation, and healthcare. Use this calculator to see how your purchasing power would change if you moved to another city.
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How Provo Compares to the National Average
Understanding how Provo stacks up helps you calibrate your financial planning.
| Metric | Provo, UT | US Average | Difference |
|---|---|---|---|
| Median Home Price | $450,000 | $420,800 | +6.9% |
| Median Monthly Rent | $1,200 | $1,713 | -29.9% |
| Median Household Income | $68,800 | $74,580 | -7.8% |
| Property Tax Rate | 0.53% | 1.10% | -51.8% |
| Cost of Living Index | 106 | 100 | +6.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Provo Financial Snapshot
- Population (Metro)
- 680,000
- Unemployment
- 2.5%
- Avg Commute
- 22 min
- Median Age
- 24.8
- Price-to-Rent Ratio
- 31.3x
- Annual Property Tax
- $2,385
Cost of Living Comparison in Other Utah Cities
Frequently Asked Questions — Provo
What is the median home price in Provo, UT?
The median home price in Provo is $450,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Provo?
Median monthly rent in Provo is $1,200. That works out to $14,400/year, or 21% of the median household income — within the commonly recommended 30% of income guideline.
Is Provo affordable?
Provo's cost of living index is 106 vs. the national average of 100. With a median household income of $68,800/year and a median home price of $450,000, the price-to-income ratio is 6.5x. This makes homeownership a significant stretch for the typical Provo household.
What is the property tax rate in Provo?
The effective property tax rate in Provo is 0.53% of assessed value. On the median home of $450,000, that's roughly $2,385/year ($199/month).