Provo-Orem vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 10% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,125/mo in Provo-Orem — saving $1,248/year.
Rent by Unit Size
| Unit Size | Provo-Orem | Richmond | Difference |
|---|---|---|---|
| Studio | $707 | $669 | $38 |
| 1 Bedroom | $881 | $842 | $39 |
| 2 Bedrooms | $1,125 | $1,021 | $104 |
| 3 Bedrooms | $1,330 | $1,317 | $13 |
| 4 Bedrooms | $1,544 | $1,453 | $91 |
| Median Income | $72,225 | $69,914 | $2,311 |
Provo-Orem
- Studio
- $707/mo
- 1 BR
- $881/mo
- 2 BR
- $1,125/mo
- 3 BR
- $1,330/mo
- 4 BR
- $1,544/mo
- Median Income
- $72,225/yr
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Provo-Orem or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,125/mo in Provo-Orem. That's $104/mo or $1,248/year more expensive in Provo-Orem (10% higher).
What is the 2-bedroom rent in Provo-Orem vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Provo-Orem is $1,125/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Provo-Orem and Richmond?
The median household income in Provo-Orem is $72,225/year. In Richmond it is $69,914/year. Provo-Orem has the higher median income.
What is the studio rent in Provo-Orem vs Richmond?
A studio apartment Fair Market Rent in Provo-Orem is $707/mo. In Richmond it is $669/mo.