Average Accountants and Auditors Salary in Salt Lake City-Murray, UT
Accountants and Auditors in the Salt Lake City-Murray, UT area earn an average annual salary of $86,540. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry demand and the specific economic landscape of Utah, play a significant role in compensation levels.
Executive Summary
- Average Salary: $86,540 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,580.
- Outlook: With a substantial local workforce of 9,160 Accountants and Auditors, Salt Lake City-Murray demonstrates a significant presence in this profession. The Location Quotient of 1.19 indicates a concentration of these roles slightly above the national average, suggesting a robust and potentially growing demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Salt Lake City-Murray, UT earns-8.4%below the national average.
$41.6
$1,664
$7,212
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing sector in most metropolitan areas, including Salt Lake City-Murray, has experienced steady salary growth over the past four years. This trend is typically driven by inflation, increasing demand for specialized financial expertise, and the overall economic expansion of the region.
Accountants and Auditors Salary Distribution in Salt Lake City-Murray, UT
Salary progression for Accountants and Auditors in Salt Lake City-Murray, as elsewhere, is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more, often reaching into the upper percentiles of the salary range. The widening gap between lower and higher percentiles reflects the clear career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,390 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,905 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,580 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,175 | $52 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,580 | $65.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,540
Gross Pay
Real Wage (Purchasing Power)
$86,540
Adjusted for COL (100)
The average annual salary of $86,540 in Salt Lake City-Murray aligns perfectly with the national average cost of living, indicated by an index of 100. This means that, on average, the purchasing power of an Accountant's or Auditor's salary in this area is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
9,160
Total Jobs
11.22
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Salt Lake City-Murray, UT has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
The Location Quotient of 1.19 for Accountants and Auditors in Salt Lake City-Murray signifies a job market where this profession is slightly more concentrated than the national average. This suggests a healthy demand and a competitive environment, where employers may actively seek out qualified professionals, potentially leading to more opportunities and stable employment for those in the field.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Accountants and Auditors Salary | $80,560↓ 7% | 31 mi |
| Provo-Orem-Lehi, UT Accountants and Auditors Salary | $79,290↓ 8% | 40 mi |
| High Desert Utah nonmetropolitan area Accountants and Auditors Salary | $71,600↓ 17% | 44 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Accountants and Auditors Salary | $78,570↓ 9% | 44 mi |
| Logan, UT-ID Accountants and Auditors Salary | $81,340↓ 6% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Salt Lake City-Murray, UT?
The median annual salary for a Accountants and Auditors in Salt Lake City-Murray, UT is $86,540. This typically ranges from $45,390 for entry-level positions to $136,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salt Lake City-Murray, UT is 8.4% lower than the national median of $94,430.
Is Salt Lake City-Murray, UT a lucrative place for Accountants and Auditors?
No, not more lucrative than the national average.While the average salary of $86,540 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 Salt Lake City-Murray, UT a good place to live for Accountants and Auditors?
The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salt Lake City-Murray, UT?
Some top paying nearby cities include Ogden, UT ($80,560) and Provo-Orem-Lehi, UT.
How does the local workforce size impact job availability for Accountants and Auditors in Salt Lake City-Murray?
The local workforce of 9,160 indicates a significant pool of professionals, suggesting a well-established market for Accountants and Auditors. This size generally supports a healthy number of job openings and opportunities for career growth.
What does a Location Quotient of 1.19 mean for Accountants and Auditors in Salt Lake City-Murray?
A Location Quotient of 1.19 means that Accountants and Auditors are 19% more concentrated in Salt Lake City-Murray compared to the national average. This suggests a higher relative demand or a larger industry presence in the area.
How does the cost of living in Salt Lake City-Murray compare to the national average for Accountants and Auditors?
The Cost of Living Index is 100, which is exactly the national average. This means that the general expenses for housing, food, transportation, and other necessities are on par with the rest of the country.
Are there significant salary differences based on experience for Accountants and Auditors in Salt Lake City-Murray?
Yes, as in most markets, experience plays a crucial role. Entry-level positions will offer lower salaries, while senior accountants with specialized skills and years of experience can command significantly higher compensation, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,160 employees in the Salt Lake City-Murray, UT area with a job density of 11.22 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 Salt Lake City-Murray, UT