Average Accountants and Auditors Salary in Provo-Orem-Lehi, UT
Accountants and Auditors in the Provo-Orem-Lehi, UT area earn an average annual salary of $79,290. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry concentration and regional economic factors, play a significant role in compensation for these finance professionals.
Executive Summary
- Average Salary: $79,290 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,840.
- Outlook: The Provo-Orem-Lehi area supports a robust workforce of 3,180 Accountants and Auditors. With a Location Quotient of 1.13, this indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand within the region's economic landscape.
Salary Overview
The average Accountants and Auditors in Provo-Orem-Lehi, UT earns-16.0%below the national average.
$38.1
$1,525
$6,608
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that over the past four years, salaries for Accountants and Auditors in Provo-Orem-Lehi have likely seen moderate growth, mirroring national trends of increasing compensation driven by inflation, demand, and evolving industry needs.
Accountants and Auditors Salary Distribution in Provo-Orem-Lehi, UT
Career progression for Accountants and Auditors in Provo-Orem-Lehi typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting a clear path for career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,300 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,468 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,520 | $34.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,113 | $47.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,840 | $57.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,290
Gross Pay
Real Wage (Purchasing Power)
$79,290
Adjusted for COL (100)
The average annual salary of $79,290 in Provo-Orem-Lehi aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in this region is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
3,180
Total Jobs
10.66
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Provo-Orem-Lehi, UT has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.13 for Accountants and Auditors in Provo-Orem-Lehi signifies a market that is slightly more concentrated than the national average. This suggests a healthy presence of these professionals, indicating a competitive yet accessible job market for both employers seeking talent and individuals looking for opportunities in the field.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| High Desert Utah nonmetropolitan area Accountants and Auditors Salary | $71,600↓ 10% | 13 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Accountants and Auditors Salary | $78,570↓ 1% | 13 mi |
| Salt Lake City-Murray, UT Accountants and Auditors Salary | $86,540↑ 9% | 40 mi |
| Ogden, UT Accountants and Auditors Salary | $80,560↑ 2% | 70 mi |
Comparing salaries near Provo-Orem-Lehi, UT
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Provo-Orem-Lehi, UT?
The median annual salary for a Accountants and Auditors in Provo-Orem-Lehi, UT is $79,290. This typically ranges from $43,300 for entry-level positions to $119,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Provo-Orem-Lehi, UT is 16.0% lower than the national median of $94,430.
Is Provo-Orem-Lehi, UT a lucrative place for Accountants and Auditors?
No, not significantly more lucrative than the national average.While the average salary of $79,290 is substantial, it falls below the national average of $94,430. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Provo-Orem-Lehi, UT a good place to live for Accountants and Auditors?
The Cost of Living Index in Provo-Orem-Lehi, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Provo-Orem-Lehi, UT?
Some top paying nearby cities include High Desert Utah nonmetropolitan area ($71,600) and Wasatch Front Fringe Utah nonmetropolitan area.
How does the Provo-Orem-Lehi salary compare to the national average?
The average salary for Accountants and Auditors in Provo-Orem-Lehi is $79,290, which is approximately 16% lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Provo-Orem-Lehi?
The region has a Location Quotient of 1.13, indicating that the concentration of Accountants and Auditors is slightly higher than the national average.
How many Accountants and Auditors work in Provo-Orem-Lehi?
There are approximately 3,180 Accountants and Auditors employed in the Provo-Orem-Lehi metropolitan area.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Provo-Orem-Lehi is exactly at the national average (100), meaning the $79,290 salary has the same purchasing power as the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,180 employees in the Provo-Orem-Lehi, UT area with a job density of 10.66 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Provo-Orem-Lehi, UT