Provo, Utah Cost Of Living

B

1%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

6%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Provo	Utah	National
Cost of living	101	104	100
Goods & Services	103	101	100
Groceries	98	98	100
Health care	90	93	100
Housing	106	114	100
Transportation	105	107	100
Utilities	87	93	100

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Cost Of Living Quick Facts

The cost of living in Provo is 3% lower than the Utah average
The cost of living in Provo is 1% higher than the national average
Provo housing is 6% higher than the national average
Utah general sales tax is 20% higher than the national average
Utah state income tax is 115% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$71,359	$5,947	$1,665	$2,141
Renters	$29,190	$2,433	$681	$876

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Provo, UT, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Provo homeowners, is $71,359. This would allow for a maximum of $1,665 per month to be spent on housing costs. For renters, the median monthly income is $29,190 which would result in a maximum of $681 to be spent on rental costs.

Utah Sales Tax

State	General Sales Tax	With Max Surtax
Utah	6.1%	8.35%

Utah Income Tax

State	Income Tax (Low)	Income Tax (High)
Utah	4.85%	4.85%

Goods & Services

Item	Provo	National avg.	Difference
Haircut	$27.25	$20.27	34.4%
Beauty Salon	$38.90	$40.39	3.7%
Toothpaste	$2.22	$2.36	5.9%
Shampoo	$0.97	$1.08	9.6%
Movie	$11.12	$10.99	1.2%
Bowling	$16.25	$15.49	4.9%

Groceries

Item	Provo	National avg.	Difference
Ground Beef	$3.92	$4.30	8.9%
Fried Chicken	$1.42	$1.40	1.5%
Milk	$1.76	$2.20	20.0%
Potatoes	$2.77	$3.22	13.9%
Pizza	$11.16	$10.74	3.9%
Beer	$9.04	$9.60	5.8%

Health Care

Item	Provo	National avg.	Difference
Optometrist	$98.09	$109.73	10.6%
Doctor	$95.10	$118.34	19.6%
Dentist	$90.16	$100.94	10.7%
Ibuprofen	$10.25	$9.93	3.2%
Lipitor	$452.15	$469.53	3.7%

Housing

Item	Provo	National avg.	Difference
Home Price	$214,800.00	$184,700.00	16.3%
Avg. Mortgage Payment	$1,317.79	$1,229.62	7.2%
Apartment Rent	$764.00	$949.00	19.5%

Transportation

Item	Provo	National avg.	Difference
Gasoline	$3.06	$2.71	12.9%
Tire Balancing	$48.07	$51.86	7.3%

Utilities

Item	Provo	National avg.	Difference
All Electricity	$128.54	$170.84	24.8%
Phone	$190.47	$187.18	1.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Payson, UT	19,480	98	1.6%
Springville, UT	31,796	102	2.1%
Spanish Fork, UT	37,565	102	2.1%
Orem, UT	93,220	102	2.4%
American Fork, UT	28,127	106	5.8%
Provo, UT	115,718	101	1.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
El Monte, CA	115,665	134	33.5%
Fargo, ND	115,950	93	7.0%
Peoria, IL	115,990	86	13.5%
Lansing, MI	114,773	85	15.4%
Springfield, IL	116,745	89	10.8%
Provo, UT	115,718	101	1.0%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.