Provo, UT
Population 114,303 · Utah
About Provo, UT
Provo is a major city located in Utah with a population of 114,303 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,800 per year, which is 16% below the national median of $75,149. The median age of 23.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Provo features a median home value of $437,100, which is 78% above the national median of $244,900. This places Provo in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,152, 1% below the national average of $1,163/month. Of the 36,000 total housing units, 40% are owner-occupied (13,580 units) and 60% are renter-occupied (20,496 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Provo shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 22.3%, above the national average of 12.4%. Workers in Provo have an average one-way commute time of 18.5 minutes, one of the shorter commutes in the region.
Education & Demographics
45.0% of Provo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 11.4% White, 2.7% Hispanic or Latino, 0.7% Black or African American, and 6.6% Asian residents, with 12.2% of the population being foreign-born.
How Provo Ranks in Utah
Cost of Living in Provo, UT
Compared to national averages, Provo has a median household income of $62,800 (16% below the national median of $75,149). Home values average $437,100, which is 78% above the national median. Monthly rent at $1,152 is 1% below the US average of $1,163. Within Utah, Provo's income is 29% below the state average of $88,715, and home values are 3% above the state median of $426,386.
Why Live in Provo, UT?
Provo offers rent that’s lower than the national average at $1,152/month, and a well-educated community where 45.0% of residents hold a bachelor’s degree or higher, and short commute times averaging just 18.5 minutes.
Potential considerations include median household income ($62,800) that falls below the national average, and a competitive housing market where the typical home costs $437,100. However, as a major city, Provo provides access to a wide range of amenities and services.
Provo has a population of 114,303 with a median age of 23.7 years. Compare Provo with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Provo
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Jordan | 116,277 | $103,960 | $454,700 | Compare |
| St. George | 99,184 | $72,870 | $456,900 | Compare |
| Orem | 97,048 | $81,292 | $439,000 | Compare |
| Sandy | 94,723 | $111,242 | $562,500 | Compare |
| West Valley City | 137,955 | $88,604 | $377,300 | Compare |
| Ogden | 86,973 | $70,053 | $311,300 | Compare |
| Layton | 82,512 | $99,188 | $437,400 | Compare |
| Lehi | 81,039 | $125,860 | $567,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Provo With Other Cities
Frequently Asked Questions about Provo
What is the population of Provo, UT?
The population of Provo, UT is 114,303 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Utah.
What is the median household income in Provo?
The median household income in Provo, UT is $62,800 per year, which is 16% below the national median of $75,149.
What is the median home value in Provo?
The median home value in Provo, UT is $437,100, which is 78% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Provo?
The median monthly rent in Provo, UT is $1,152, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Provo?
The unemployment rate in Provo, UT is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Provo, UT a good place to live?
Provo offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 114,303 and a median age of 23.7, the city appeals to young professionals and families.
How educated is Provo, UT?
45.0% of residents in Provo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Provo?
Key cost-of-living indicators for Provo, UT: median home value is $437,100 (78% above national), median rent is $1,152/month, and median household income is $62,800. The home-value-to-income ratio is 7.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Provo?
The poverty rate in Provo, UT is 22.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Provo, UT?
Provo's population is 11.4% White, 2.7% Hispanic or Latino, 0.7% Black or African American, 6.6% Asian, and 0.9% two or more races. 12.2% of residents are foreign-born.