Cost of Living in Provo, UT

Housing

The housing market plays a significant role in determining the cost of living in Provo, UT.

• Housing Index: 110.5 / 100
• Median Home Price is: $359000
• Average Rent (2 BR Apartment): $1400 per month
• Average Rent (2 BR House): $1440 per month

In Provo, UT, the housing index stands at 110.5, indicating that costs are slightly higher compared to the national average. The median home price of 359000 suggests this city may offer some investment potential, especially for first-time buyers. However, renters may find the average costs—1400 for a 2BR apartment and 1440 for a house—somewhat steep. It may be worth considering local amenities, job opportunities, and future development plans that could influence the real estate market and overall living expenses here.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Provo, UT.

• Electricity Price: 11.5 USD (median by state)
• Natural Gas Price: $14 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Provo, UT could entail higher utility costs. Electricity costs sit at 11.5, while natural gas is priced at 14 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 102.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $57943

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Provo, UT, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.