Provo, Utah Income Statistics
Provo Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Provo Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Provo | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,866 | $95,466 | $80,455 |
| Median Personal Income | $44,908 | $60,264 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.4% | 4.8% |
| Six-Figure Earners | 5.8% | 13.4% | 13.9% |
| $200k+ Households | 7.4% | 13.9% | 13.2% |
The median household income in Provo is about 35% lower than in Utah. Income has been growing faster in Provo (5.4%/yr) than in Utah (5.4%/yr).
About 6% of adults in Provo earn six figures ($100,000 or more) a year, lower than the Utah average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Provo, Utah grew by 79.7% from 2009 to 2024, reaching $61,866 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Provo
| Metric | Provo | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.608 | 0.551 | 0.552 |
| Male Median Income | $53,661 | $72,887 | $69,667 |
| Female Median Income | $41,899 | $53,079 | $56,850 |
| Gender Pay Gap | 21.9% | 27.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Provo, it is 0.608, higher than Utah's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 28% more than women's income in Provo, Utah. Over a 35-year career, a 28% wage gap accumulates to roughly $411,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Provo, Utah has narrowed from about 28% to 22% in 2024. Over that period the gap was widest at 30% in 2013, and was narrowest at 17% in 2020. In dollar terms, the gap has widened by $2,233 since 2009.
Employment
| Metric | Provo | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 3.5% | 5.2% |
| Working from Home | 15.7% | 17.6% | 15.0% |
| Commute time (minutes) | 16 | 18 | 22 |
Approximately 3,355 people are unemployed in Provo, Utah.
The average commute time in Provo is 16 minutes, shorter than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Provo, Utah has fallen from 6.9% to 5.3% in 2024. Over that period the rate peaked at 7.9% in 2013 and fell as low as 4.5% in 2022.
Provo, UT Wealth Compared With Nearby Cities
How Provo, UT compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Provo, UT | 102,550 | $61,866 #3/3 | 5.4%/yr #1/3 | 5.3% #3/3 | 0.608 #3/3 |
| Orem, UT | 96,497 | $82,561 | 4.9%/yr | 3.9% | 0.556 |
| Springville, UT | 32,159 | $88,183 | 5.3%/yr | 3.1% | 0.559 |
Conclusion
Considering all these factors, Provo, Utah has an overall wealth index grade of D, making it somewhat worse than Utah, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Provo, Utah.
How Rich Is Provo, Utah?
Provo has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,866, about 35% lower than the Utah average of $95,466.
Are incomes growing in Provo, Utah?
Between 2009 and 2024, the median household income in Provo, Utah rose 80%, from $34,424 to $61,866. Over the same years, income here outpaced Utah as a whole: +80% against +71%.
What was the median household income in Provo in 2023?
In 2023, the median household income in Provo, Utah was $60,175, up 8% from $55,809 in 2022. The Utah median that year was $92,352.
What was the median household income in Provo in 2020?
In 2020, the median household income in Provo, Utah was $47,387. By 2024 it had risen 31% to $61,866.
Is it hard to find a job in Provo, Utah?
Unemployment in Provo, Utah is 5.3%, well above the Utah rate of 3.5%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Provo, Utah?
The Gini coefficient in Provo is 0.608. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Provo, Utah?
Since 2009, the income gap between men and women in Provo, Utah has narrowed from about 28% to 22% in 2024. Over that period the gap was widest at 30% in 2013, and was narrowest at 17% in 2020. In dollar terms, the gap has widened by $2,233 since 2009.
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