Orem, UT

Above Avg · 113

Utah · Population 97,048 · Updated March 2026

$1,405
Median Rent / Month
$81,292
Median Income
$439,000
Median Home Value
$1,415
Owner Costs / Month

Affordability

How far your income goes in Orem

20.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Utah

State-level tax rates that affect your costs

4.65%
Income Tax (Top Rate)
6.1%
Sales Tax
0.58%
Property Tax Rate

Estimated Annual Costs

$16,860
Annual Rent
$3,780
State Income Tax
$2,546
Property Tax (est.)

Cost of Living Overview

Orem is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Orem residents can expect to pay median rent of $1,405/month while earning a median household income of $81,292/year.

The median home value in Orem, UT is $439,000, with typical monthly owner costs around $1,415 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Utah has a moderate income tax rate of 4.65%. Combined with a 6.1% sales tax rate and 0.58% effective property tax rate, the overall tax environment is a factor in the total cost of living in Orem.

Frequently Asked Questions

Common questions about living costs in Orem

What is the cost of living in Orem, UT?
The cost of living index in Orem, UT is 113 (US average = 100). Median monthly rent is $1,405, median household income is $81,292/year, and the median home value is $439,000.
Is Orem, UT affordable?
No, Orem is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Orem, UT?
The median gross rent in Orem, UT is $1,405 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,860.
What is the median household income in Orem?
The median household income in Orem, UT is $81,292 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Utah?
Utah has a top income tax rate of 4.65%, a sales tax of 6.1%, and an effective property tax rate of 0.58%.