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: $359,000
- Average Rent (2 BR Apartment): $1324 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—1324 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 Provo is a financially viable option for your relocation.