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When the Pressure-Reducing Valve Is the Problem
If your street pressure is high, a valve just inside the property brings it down. They drift, and they wear out, and they are yours to maintain.

A pressure-reducing valve is a bell-shaped brass fitting on the main line where it enters the property, usually within a few feet of the shut-off, often with an adjusting screw and lock nut on top. Not every home has one — they are fitted where incoming pressure would otherwise be too high.
Two different failures
Drift. The valve is working but has moved off its setting, so the whole house runs low. This is an adjustment, not a repair.
Failure. The internals wear out. Life expectancy is commonly 10 to 15 years, so a house of any age may be on its second or third. Life expectancy and responsibility as published by the Elizabethton, Tennessee water utility.

Telling them apart
Fit a gauge to an outside tap and read the static pressure. The method is here. If the reading is steady but low, drift is likely. If it swings, or if adjusting the screw changes nothing, the valve is probably done.
Whose job it is
The PRV is on the customer's side and is the property owner's to maintain — utilities are explicit that they do not maintain it. Life expectancy and responsibility as published by the Elizabethton, Tennessee water utility. That also means the cost of replacing one falls to the owner rather than the water company.

A word of caution on adjusting it
Small turns, then re-measure. It is easy to overshoot, and pressure above 80 psi shortens the life of fixtures, flexible hoses and appliance inlet valves. If the valve does not respond, stop and get it looked at rather than forcing it.