Provo business statistics
Employer establishments with 1-49 employees
(2007) |
10,525 |
11,214 |
Small business growth rate
(2004-2007) |
23% |
5.0% |
State business tax climate ranking
(out of 50 states) |
11 |
N/A |
Percentage of population with bachelor's degree
(ages 25-34) |
34% |
26.9% |
Violent crime
(rate per 100,000 inhabitants, 2007) |
84.9 |
478.8 |
Property crime
(rate per 100,000 inhabitants, 2007) |
2,525.1 |
3,562.2 |
Population growth
(2003-2008) |
29% |
5.73% |
Per-capita income
(2007) |
$21,681 |
$35,547 |
Per-capita income growth
(2002-2007) |
9% |
24.0% |
GDP (in millions)
(2006) |
$12,064 |
$18,559 |
GDP growth
(2001-2006) |
44% |
32% |
Average hourly wage
(2008) |
17.59 |
$18.69 |
Housing foreclosure rate
(first half of 2009) |
45 |
286 |
Median rent
(2009, for a 2-bedroom housing unit) |
$704 |
$848 |
Housing price-to-income (HPI) ratio
(first quarter of 2009) |
3.0% |
1.9% |
Long-term HPI ratio
(20-year average, 1984-2004) |
2.12% |
1.82% |
HPI deviation from long-term average
|
43% |
0.0% |
|
From the November 2009 issue |
|
Tell us why: Low taxes? Talented workers? An active small business community? Send us your photos and videos, and you could be featured in our upcoming coverage of reader-picked Best Places to Launch. More
