Everything You Need to Know About the City of Orem Utah

In 2017, Orem, Utah had a population of 94.4k people with a median age of 25.9 and a median household income of $58,077 dollars. Between 2016 and 2017 the population of Orem, UT grew from 93,220 to 94,420, a 1.29 percent increase and its median household income grew from $56,376 dollars to $58,077 dollars, a 3.02 percent increase.

The population of Orem, UT is 75.2 percent White Alone, 16.9 percent Hispanic or Latino, and 2.78 percent Two or More Races. N/A% of the people in Orem, UT speak a non-English language, and 91.6 percent are U.S. citizens.

The largest universities in Orem, UT are Utah Valley University (5,024 degrees awarded in 2017), Utah College of Massage Therapy-Utah Valley (131 degrees), and Taylor Andrews Academy-Orem (68 degrees).

The median property value in Orem, UT is $229,800 dollars, and the homeownership rate is 58.9 percent. Most people in Orem, UT commute by Drove Alone, and the average commute time is 16.9 minutes. The average car ownership in Orem, UT is 2 cars per household.


Education in Orem

In 2017, universities in Orem, UT awarded 5,329 degrees. The student population of Orem, UT is skewed towards men, with 20,079 male students and 17,747 female students.

Most students graduating from Universities in Orem, UT are White (4,320 and 83.2 percent), followed by Hispanic or Latino (439 and 8.46 percent), Unknown (146 and 2.81 percent), and Two or More Races (122 and 2.35 percent).

The largest universities in Orem, UT by the number of degrees awarded are Utah Valley University (5,024 and 94.3 percent), Utah College of Massage Therapy-Utah Valley (131 and 2.46 percent), and Taylor Andrews Academy-Orem (68 and 1.28 percent).

The most popular majors in Orem, UT are General Studies (951 and 17.8 percent), General Psychology (351 and 6.59 percent), and General Business Administration & Management (348 and 6.53 percent).

The median tuition costs in Orem, UT is $18,021 dollars for private four-year colleges, and $4,962 dollars and $15,376 dollars respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Orem

The economy of Orem, Utah employs 44.5k people and Orem has an unemployment rate of 2.8 percent. Orem has seen the job market increase by 2.6 percent over the last year. Future job growth over the next ten years is predicted to be 52.2 percent, which is higher than the US average of 33.5 percent. The largest industries in Orem, UT are Health Care & Social Assistance (4,914 people), Educational Services (6,292 people), and Retail Trade (5,701 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($98,611 dollars), Public Administration ($47,993 dollars), and Utilities ($47,533 dollars).

Households in Orem, UT have a median annual income of $58,077 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $56,376 dollars in 2016, which represents a 3.02 percent annual growth.


Tax Rates for Orem

– The Sales Tax Rate for Orem is 6.9 percent.

– The Income Tax Rate for Orem is 5.0 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Orem

– The average earnings of an Orem resident are $20,621 dollars a year.

– The Median household earnings of an Orem resident is $54,048 dollars a year.