Cost of Living in Provo, UT
Population: 114,303 • 2026 Data
$62,800
Median Household Income
-19% vs national
$1,152
Median Monthly Rent
-15% vs national
$437,100
Median Home Value
+29% vs national
4.7%
Unemployment Rate
Housing in Provo
The median home value in Provo, UT is $437,100. Monthly rent for a typical unit averages $1,152, while total monthly housing costs (including utilities and insurance) average $1,220.
Rent-to-income ratio: 22.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Provo, UT is $62,800. The unemployment rate stands at 4.7%, with a labor force of 69,974 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.