Utah County · Utah · West · 115k residents
Provo, UT: economy, jobs & business costs
The site-selection read on Provo: labor costs, talent, corporate tax, energy, and business activity, with the Utah median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,240/wk. Utah's corporate income tax rate is 4.5%. Commercial electricity averages 9.4¢/kWh.
Compare Provo side by side
Avg. weekly wage
$1,240/wk
Corporate income tax
4.5%
Bachelor's degree or higher
45.2%
Commercial electricity
9.4¢/kWh
Economic momentum
How fast Provo's economy is moving, ranked against the US cities we track.
81/100
Heating
Ranks Provo's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $467,200 |
| Price per sq. ft. | $290 |
| Property tax rate | 0.55% |
| 1-bedroom rent | $1,036/mo |
| 2-bedroom rent | $1,163/mo |
| State & local income tax | 4.65% |
| Sales tax | 7.2% |
| Corporate income tax | 4.5% |
| Avg. weekly wage | $1,240/wk |
| Bachelor's degree or higher | 45.2% |
| Commercial electricity | 9.4¢/kWh |
| Businesses per 1k residents | 30.9/1k |
| Wage: Software developer | $131,210 |
| Wage: Registered nurse | $81,780 |
| Wage: General manager | $95,790 |
| Wage: Customer service | $39,560 |
| Wage: Warehouse worker | $37,480 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $60,860 |
| Wage: Retail salesperson | $33,120 |
| Cost of living index | 101 |
| Groceries index | 98 |
| Utilities | $135/mo |
| Transit pass | $85/mo |
| Gas price | $3.40/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,050/mo |
| Median household income | $64,171 |
| Unemployment rate | 3% |
| Population | 115k |
| Crime index | 38/100 |
| School rating | 6.8/10 |
| Walkability | 38/100 |
| Disaster risk | 95/100 |
| Avg. commute | 22 min |
| Sunny days / year | 230 days |
| July high | 95°F |
| January low | 24°F |
| Annual snowfall | 45 in |
| Home price YoY | +1.8% |
| Home price MoM | -0.4% |
| Rent YoY | +2.7% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | +1.9% |
| Building permits YoY | +22.7% |
| Ocean coast | 571 mi |
| Big lake | 7 mi |
| Mountains | 11 mi |
| Major airport | 42 mi |
| Ski resort | 12 mi |
Popular comparisons
Nearby
- Orem, UT · 97k
- Springville, UT · 36k
- Spanish Fork, UT · 45k
- Pleasant Grove, UT · 38k
- American Fork, UT · 37k
Similar size
- West Jordan, UT · 117k
- St. George, UT · 102k
- Sandy, UT · 94k
- West Valley City, UT · 138k
- Ogden, UT · 87k
Real listings in Provo
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Provo a good place to run a business?
- Utah's corporate income tax rate is 4.5%; average weekly wages in the surrounding labor market run $1,240/wk; commercial electricity averages 9.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Provo, UT?
- Provo indexes at 101 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,163/mo and a acs median home value of $467,200.
- How much does a house cost in Provo?
- The acs median home value in Provo is $467,200 (Census ACS estimate; individual listings vary).
- How much is rent in Provo?
- A two-bedroom in Provo rents for about $1,163/mo.