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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Yes — $60,000 is enough in Provo, though budget management is important.
Earning $60,000 a year in Provo puts you roughly in line with the area's median income of $62,800. Provo is an average-cost city to live in, with a cost of living index of 105 (the national average is 100).
After federal income tax, Social Security, Medicare, and Utah's 4.9% state income tax, your effective rate comes out to about 26%. That leaves you with roughly $3,687 per month to work with. Rent in Provo is actually $115/month cheaper than the Utah average, which helps your budget go further.
The traditional 30% rule says your rent should stay under 30% of your gross pay. At 39% of take-home on rent alone, the budget gets tighter. You'll likely need to be intentional about non-essential spending to stay above water. Your estimated savings of $722/month should cover an emergency fund over time, though aggressive investing or large purchases may need to wait.
Provo falls close to national averages across most cost categories, making it a fairly typical city to budget for. One positive trend: Provo's cost of living has been easing — the index dropped from 111 to 106 over the tracked period.
After rent, here's roughly what your remaining $2,239/mo covers in Provo:
Same salary, different Utah cities — here's how the numbers shift:
| City | Rent | Rent % | Est. Savings |
|---|---|---|---|
| Provo (you) | $1,448/mo | 39% | +$722 |
| West Valley | $1,560/mo | 42% | +$593 |
| Salt Lake | $1,592/mo | 43% | +$488 |
| West Jordan | $1,651/mo | 45% | +$422 |
These cities have a lower rent-to-income ratio on the same salary.
See how affordability changes in Provo as your salary moves up or down.
Yes — $60,000 is enough in Provo, though budget management is important.
After federal income tax, Social Security, Medicare, and Utah state income tax (~5%), you would take home approximately $44,247 per year ($3,687/month). The effective total tax rate is 26%.
At $60,000/year, your monthly take-home is $3,687. With median rent of $1,448, you'd spend 39% of your net income on rent. Financial experts recommend keeping rent below 30% of gross income.
After estimated living costs (rent, food, transport, utilities, healthcare) of roughly $2,965/month, you'd have approximately $722/month in savings — 20% of take-home pay.
Provo has a cost of living index of 105. The national average is 100. It's roughly in line with national norms.
The median 1-bedroom rent in Provo is $1,448/month. That's $447 below the national average of $1,895.