SalaryNode

Average All Occupations Salary in Provo-Orem-Lehi, UT

The average annual salary for All Occupations in the Provo-Orem-Lehi, UT metropolitan area stands at $61,450. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry concentrations play a significant role in compensation levels within this region. While the nominal salary may appear lower, understanding the local economic landscape is crucial for a complete picture.

Executive Summary

  • Average Salary: $61,450 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $110,290.
  • Outlook: With a substantial local workforce of 298,460 individuals, the Provo-Orem-Lehi, UT area demonstrates a significant labor market presence. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this region is precisely in line with the national average, suggesting a stable and balanced demand for these roles relative to the overall economy.
2024 Market Data

Salary Overview

$61,450

The average All Occupations in Provo-Orem-Lehi, UT earns-8.5%below the national average.

BreakdownBased on 40h/week
Hourly

$29.5

Weekly

$1,182

Monthly

$5,121

All Occupations Salary Distribution in Provo-Orem-Lehi, UT

Salary progression for All Occupations in Provo-Orem-Lehi, UT, like elsewhere, is typically characterized by a widening gap between entry-level and senior positions. As professionals gain experience, develop specialized skills, and take on greater responsibilities, their earning potential increases significantly, with higher percentiles reflecting the compensation of seasoned experts in the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$28,680$13.8
ExperiencedProficient professional working independently.25% (Junior)$46,088$22.2
Mid-LevelEstablished expert. Standard market value.50% (Median)$46,610$22.4
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$76,813$36.9
Top TierIndustry leader / Executive level compensation.90% (Expert)$110,290$53

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$61,450

Gross Pay

Real Wage (Purchasing Power)

$61,450

Adjusted for COL (100)

The nominal average salary of $61,450 in Provo-Orem-Lehi, UT, when benchmarked against a Cost of Living Index of 100 (which is the national average), suggests that the purchasing power of this salary is on par with the national median. This means that while the salary is below the national average, the cost of living does not disproportionately diminish its value, offering a relatively stable financial standing for residents.

Job Market Context

298,460

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Provo-Orem-Lehi, UT has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for All Occupations in Provo-Orem-Lehi, UT, signifies that the proportion of these jobs within the local workforce mirrors the national average. This indicates a well-balanced job market where the concentration of these roles is neither exceptionally high nor low, suggesting a steady level of demand and availability without extreme competition or scarcity.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Provo-Orem-Lehi, UT

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Provo-Orem-Lehi, UT?

The median annual salary for a All Occupations in Provo-Orem-Lehi, UT is $61,450. This typically ranges from $28,680 for entry-level positions to $110,290 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 8.5% lower than the national median of $67,140.

Is Provo-Orem-Lehi, UT a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $61,450 is below the national average of $67,140, although the cost of living is also at the national average, balancing purchasing power.

Is Provo-Orem-Lehi, UT a good place to live for All Occupations?

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 ($54,840) and Wasatch Front Fringe Utah nonmetropolitan area.

How does the Provo-Orem-Lehi, UT salary compare to the national average?

The average annual salary for All Occupations in Provo-Orem-Lehi, UT is $61,450, which is lower than the national average of $67,140.

What is the significance of the Cost of Living Index in Provo-Orem-Lehi, UT?

A Cost of Living Index of 100 means that the cost of goods and services in Provo-Orem-Lehi, UT is exactly the same as the national average, indicating that the lower nominal salary has equivalent purchasing power locally.

How concentrated are All Occupations jobs in Provo-Orem-Lehi, UT?

The Location Quotient of 1.0 indicates that the concentration of All Occupations jobs in Provo-Orem-Lehi, UT is at the national average level, suggesting a balanced job market.

What is the total workforce size in the Provo-Orem-Lehi, UT area?

The total local workforce for All Occupations in the Provo-Orem-Lehi, UT metropolitan area comprises 298,460 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 298,460 employees in the Provo-Orem-Lehi, UT area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.