Rent vs Buy in Provo, UT

Provo, UT Assumptions

Home Purchase
Ongoing Costs
Rental
Growth
Tax
Projection

Buy Net Worth

Rent Net Worth

Break-Even

Verdict

Net Worth Over Time — Provo, UT

Year-by-Year Comparison

Year-by-year rent vs buy comparison for Provo, UT
Year Buy
Net Worth
Rent
Net Worth
Difference Monthly
Buy Cost
Monthly
Rent

Cities & Towns in Provo, UT

This calculator's defaults reflect the broader Provo, UT metropolitan area, including:

  • Provo
  • Orem
  • Lehi
  • American Fork
  • Pleasant Grove
  • Spanish Fork
  • Springville
  • Saratoga Springs
  • Eagle Mountain

Region: West. Housing cost-of-living index: 112 (national avg = 100). Composite cost-of-living: 101.

About this Provo, UT estimate

The default home price and rent come from the Provo, UT metropolitan area's housing cost-of-living index applied to national 2025 medians ($420,000 home, $1,850/mo rent for a typical 2-3 BR). The property tax rate is the average effective rate for Utah per the Tax Foundation. These are starting points — adjust to match your specific listing, neighborhood, and tax bill.