Orem, UT Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Orem, UT Summary

Cost of living in Orem research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Orem is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Utah, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Orem is 101, with 100 being the average.

  • The cost of living index in Orem is 1.0x higher than the national average.

  • Orem ranks as the #32 cheapest in Utah out of 91.

  • Orem ranks as the #3,263 cheapest out of 6,412 in the US.

  • The median home value in Orem is $329,000.

  • The median income in Orem is $70,412.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
101
Orem's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Orem, UT?

According to the most recent data on the cost of living, Orem has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.

Compared to Utah, Orem has a cost of living index that's 1.0x lower than Utah's index of 102.

The standard of living in Orem ranks as #32 most affordable out of the 91 places we measured in Utah. By definition, that implies Orem ranks as the #59 most expensive place in the Beehive State.

For more reading on life in Orem, check out:

32 out of 91
In Utah
3,263 out of 6,412
In America

Orem Cost Of Living Vs. Utah

Six factors go into calculating the cost of living index in Orem. Here is how it fairs on each of the criteria:

  • The Services index in Orem is 100.

  • The Groceries index in Orem is 98.

  • The Health index in Orem is 91.

  • The Housing index in Orem is 111.

  • The Transportation index in Orem is 99.

  • The Utilities index in Orem is 89.

Living Expense Orem Utah National Average
Overall 101 102 100
Services 100 101 100
Groceries 98 99 100
Health 91 90 100
Housing 111 109 100
Transportation 99 105 100
Utilities 89 93 100
For more reading on cost of living around Utah, check out:
Orem Cost of Living Vs. UT

Orem, UT Housing Cost Breakdown

Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Orem is $329,000.

  • The Median Rent in Orem is $1,144.

  • The Median Income in Orem is $70,412.

  • The Home Value To Income in Orem is 4.7x.

  • The Rent To Monthly Income in Orem is 0.19x.

Statistic Orem Utah United States
Median Home Value $329,000 $339,700 $244,900
Median Rent $1,144 $1,171 $1,163
Median Income $70,412 $79,133 $69,021
Home Value To Income 4.7x 4.3x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Orem, UT
$329,000
Median Home Value
$1,144
Median Rent
$70,412
Median Income

Orem, UT Costs By Category

Detailed Orem Services Costs Vs. Utah

Item Orem Utah
Shampoo $0.98 $1.06
Movie $10.75 $10.68
Bowling $16.5 $14.67
Haircut $22.53 $18.62
Beauty Salon $36.53 $39.05

Detailed Orem Groceries Costs Vs. Utah

Item Orem Utah
Ground Beef $4.28 $4.22
Fried Chicken $1.66 $1.39
Milk $1.5 $2.05
Potatoes $2.95 $3.29
Pizza $11.32 $10.62
Beer $8.6 $9.38
Toothpaste $2.08 $2.34

Detailed Orem Health Costs Vs. Utah

Item Orem Utah
Optometrist $97.49 $108.57
Doctor $99.81 $116.17
Dentist $84.76 $99.13

Detailed Orem Transportation Costs Vs. Utah

Item Orem Utah
Gasoline $2.39 $2.22
Tire Balancing $42.72 $50.07

Detailed Orem Utilities Costs Vs. Utah

Item Orem Utah
All Electricity $126.49 $167.67
Phone $187.21 $175.64

Orem SnackAbility

8.5
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
6
Diversity
8
Safety
7
Amenities
10
Education
8.5
Commute
8.5

Cost Of Living In Cities Around Orem

The cost of living varies in the cities and towns around Orem. Here's a quick look at the cost of living in the most populous nearby places:

  • Provo, UT has a cost of living index of 99, 1.0x Orem.

  • Lehi, UT has a cost of living index of 112, 1.1x Orem.

  • Draper, UT has a cost of living index of 127, 1.3x Orem.

City Population Cost Of Living Vs. Orem
Provo, UT 113,538 99 1.0x
Lehi, UT 73,911 112 1.1x
Draper, UT 49,978 127 1.3x
Pleasant Grove, UT 37,228 103 1.0x
Saratoga Springs, UT 36,977 111 1.1x
Springville, UT 34,750 98 1.0x
American Fork, UT 32,822 103 1.0x
Highland, UT 18,913 134 1.3x
Bluffdale, UT 16,576 125 1.2x
Vineyard, UT 11,579 127 1.3x

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