How Much Does it Cost to Live in Orem, Utah?

Considering a Move to Orem, Utah? Here’s Everything You Need to Know

Thinking about making Orem, Utah your new home? You’re not alone! Over the past few years, Orem has experienced a surge of new residents drawn by its stunning mountain views, welcoming community, and balanced lifestyle. With a variety of recreational activities, a strong local economy, and affordable living options, Orem offers a compelling place to settle down. Whether you’re planning to relocate or just exploring your options, here’s everything you need to know about life in Orem.

How Much Does it Cost to Live in Orem, Utah?

How much does it cost to live in Orem, Utah? One of the biggest considerations when moving is the cost of living. Luckily, Orem strikes a balance—more affordable than Salt Lake City and many other parts of Utah County, yet rich in amenities and outdoor recreation.

According to BestPlaces.net, Orem’s overall cost of living index is approximately 94.8 (where 100 represents the U.S. average). That means residents typically spend less on essentials like housing, groceries, and transportation compared to the national average.

Housing is the largest factor. As of early 2024, the median home price in Orem is around $450,000, based on Zillow data, substantially lower than Salt Lake City’s median of about $600,000. The city offers a variety of options—from cozy townhomes to spacious single-family homes nestled in family-friendly neighborhoods.

For renters, the average monthly rent for a one-bedroom apartment is about $1,300, according to RentCafe, which is significantly less than Salt Lake City’s average of $1,500. Utilities, including electricity, water, and internet, tend to stay in line with national averages, keeping monthly expenses predictable. Grocery prices and dining remain affordable, with many local eateries offering budget-friendly options, making Orem an inviting community for all.

Thriving Economy and Job Market

Orem isn’t just scenic; it’s an economic hub with a diverse and growing job market. According to the U.S. Bureau of Labor Statistics, Utah County’s unemployment rate was around 2.6% in late 2023—well below the national rate—indicating plenty of employment opportunities.

Jobs in Orem span many industries, including:

• Education: Utah Valley University (UVU), right in Orem, is the largest employer, providing jobs in teaching, campus administration, and support services.
• Healthcare: Multiple clinics, hospitals, and medical offices create demand for healthcare professionals.
• Technology: The tech sector continues to expand, with software developers, IT specialists, and startups driving innovation.
• Retail & Hospitality: From shopping centers to restaurants, plenty of retail and service positions are available.
• Trades & Manufacturing: Skilled tradespeople in construction, electrical work, plumbing, and manufacturing will find ample opportunities.

What Is The Crime Rate In Orem, Utah?

Safety plays a vital role in choosing a new community. Orem’s crime rates are notably lower than many neighboring cities. According to NeighborhoodScout, the city’s overall crime rate is approximately 30% lower than Utah’s statewide average. The FBI reports violent crime at about 2.9 per 1,000 residents, below the national average of 4.0. Property crimes, like theft and vandalism, are also relatively low, thanks to active policing and community programs. It’s a city where families and retirees alike can feel secure.

Educational Opportunities and Nearby Colleges

Orem offers excellent educational resources, with the Orem City School District and Alpine School District both earning high marks—many schools score 8 to 9 out of 10 on GreatSchools.org for their strong academics and extracurricular programs.

For higher education, several renowned institutions are nearby:

• Utah Valley University (UVU): Located right in Orem, UVU offers a wide array of bachelor’s and associate degrees, making it a hub for adult learners and college students alike.
• Brigham Young University (BYU): Just a short drive in Provo, BYU is internationally recognized for its academic excellence and research programs.
• Snow College at Orem: Provides two-year degrees and continuing education options, ideal for local residents seeking affordable higher education.

Recreational Activities and Outdoor Lifestyle

One of Orem’s biggest draws is its access to outdoor adventures. The city boasts numerous parks, trails, and natural attractions perfect for outdoor enthusiasts:

• Parks & Trails: Explore Timpanogos Regional Park, Nielsen’s Grove, or the Orem Community Park for hiking, biking, and outdoor sports.
• Mount Timpanogos: A favorite hiking destination, providing stunning views and challenging trails.

Provo River: Perfect for fishing, tubing, and kayaking

Ready to Make Your Move?

If you’re inspired to start your new chapter in Orem, Utah, and need reliable help with your move, consider My Small Moves — your local experts in Utah moving services. As one of the top Salt Lake City moving companies, we specialize in making your transition smooth and stress-free. Whether you’re moving across town or just need help with heavy lifting, our team of professional movers is here to support you every step of the way.Don’t let the logistics of moving weigh you down—trust My Small Moves to handle the heavy work so you can focus on settling into your new home. Contact us today to learn more and get your free quote. Your new adventure in Orem starts with the trustworthy movers!