Cost of Living in Orem, UT
Population: 97,048 • 2026 Data
$81,292
Median Household Income
+5% vs national
$1,405
Median Monthly Rent
+4% vs national
$439,000
Median Home Value
+29% vs national
3.8%
Unemployment Rate
Housing in Orem
The median home value in Orem, UT is $439,000. Monthly rent for a typical unit averages $1,405, while total monthly housing costs (including utilities and insurance) average $1,415.
Rent-to-income ratio: 20.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Orem, UT is $81,292. The unemployment rate stands at 3.8%, with a labor force of 53,421 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.