Salary & Cost of Living in Provo, UT
Provo, UT: $62,000 median salary, cost of living index 98, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,000
$30/hr
Cost of Living
98
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.2%
rate
Provo, UT Overview
Population
115,162
Median Salary
$62,000
Average Salary
$68,000
Avg Commute
22 min
Median Home Price
$420,000
Median Rent
$1,300/mo
Job Growth
+3%
Sales Tax
7.25%
Provo is located in Utah with a population of 115,162. The median household salary is $62,000 per year ($30/hour), which is $2,616 above the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +3%.
Provo Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Provo, UT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$49,035
$4,086.21/month · $1,885.94/biweekly · Effective Rate: 20.9%
Gross Pay
$62,000
Federal Tax
-$5,402
State Tax
-$2,821
Local Tax
$0
FICA
-$4,743
Net Pay
$49,035
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,166.67 | $62,000.00 |
| Federal Income Tax | -$450.13 | -$5,401.50 |
| Utah State Tax (4.55%) | -$235.08 | -$2,821.00 |
| Social Security (6.2%) | -$320.33 | -$3,844.00 |
| Medicare (1.45%) | -$74.92 | -$899.00 |
| Net Take-Home Pay | $4,086.21 | $49,034.50 |
Salary Comparison: Provo vs Other Cities
See how Provo's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Provo, UT | $62,000 | 98 | $63,265 |
| National Average | $59,384 | 100 | $59,384 |
| Tempe, AZ | $62,000 | 105 | $59,048 |
| Wilmington, DE | $62,000 | 105 | $59,048 |
| Fort Lauderdale, FL | $62,000 | 118 | $52,542 |
| Miramar, FL | $62,000 | 112 | $55,357 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Provo
Provo's cost of living index is 98 (national average = 100). Living in Provo is 2% less expensive than the national average.
Median Home Price
$420,000
Median Monthly Rent
$1,300
Annual Rent Cost
$15,600
Your Salary's Purchasing Power
Your $49,035 annual take-home pay in Provo has the purchasing power of approximately $50,035 in an average-cost US area. Your $62,000 salary stretches further here than in most US cities.
Top Industries in Provo
Provo's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,000.
Salary Tips for Provo Workers
- Research top industries. Provo's top industries include Education, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $62,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Provo, UT?
The median salary in Provo, UT is $62,000 per year, or $30 per hour. The average salary is $68,000. This is $2,616 above the national median of $59,384.
What is the cost of living in Provo, UT?
Provo's cost of living index is 98 (national average = 100), meaning it is 2% less expensive compared to the national average. The median home price is $420,000 and the median monthly rent is $1,300.
What are the best industries in Provo?
The top industries in Provo, UT include Education, Technology, Healthcare. The city has a job growth rate of 3% and an unemployment rate of 2.2%. Workers in these industries often earn above the city's median salary of $62,000.
How does Provo's salary compare to other cities?
Provo's median salary of $62,000 is 4.4% above the national median of $59,384. However, when adjusted for cost of living (index: 98), the real purchasing power is approximately $63,265.
What is the minimum wage in Provo, UT?
The minimum wage in Provo, UT is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.