Cost of Living in Orem, UT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
132.7
100 = national avg
+32.7 vs national average
Living Wage (1 Adult)
$58,372
per year
Living Wage (Family of 4)
$137,970
per year
Cost Index by Category
Housing170.7
Food112.1
Transportation95.7
Healthcare109.7
Utilities121.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,265
per month
2 Bedroom
$1,460
per month
The overall cost of living index in Orem is 132.7, which is 32.7% above the national average. Housing costs are above the national average at an index of 170.7. A single adult needs to earn approximately $58,372 per year to cover basic expenses.