Average Business and Financial Operations Occupations Salary in Provo-Orem-Lehi, UT
In the Provo-Orem-Lehi, UT area, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,080. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, or specific economic factors within the region may influence compensation levels. Understanding these local nuances is key for financial professionals operating in this vibrant Utah corridor.
Executive Summary
- Average Salary: $78,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,460.
- Outlook: The Provo-Orem-Lehi, UT region supports a substantial workforce of 19,830 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.99, the concentration of these roles is nearly on par with the national average, indicating a stable and well-established presence of these critical functions. The density of 66.432 jobs per 1,000 workers further underscores the consistent demand for skilled professionals in this sector within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Provo-Orem-Lehi, UT earns-17.5%below the national average.
$37.5
$1,502
$6,507
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations roles in a dynamic region like Provo-Orem-Lehi, UT have experienced steady 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 area, leading to upward pressure on compensation.
Business and Financial Operations Occupations Salary Distribution in Provo-Orem-Lehi, UT
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced skills and a proven track record can expect significantly higher earnings. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, clearly signifies the substantial career growth and earning potential available to those who advance within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,390 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,560 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,530 | $33.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,600 | $46.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,460 | $60.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,080
Gross Pay
Real Wage (Purchasing Power)
$78,080
Adjusted for COL (100)
The average annual salary of $78,080 in Provo-Orem-Lehi, UT aligns perfectly with the local Cost of Living Index of 100, which is also the national average. This means that the purchasing power of the local salary is effectively equivalent to the national standard, offering a balanced financial landscape for residents. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay maintains its value within the local economic context.
Job Market Context
19,830
Total Jobs
66.432
Per 1K Jobs
0.99
Location Quotient
Provo-Orem-Lehi, UT has 0.99x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.99, the Provo-Orem-Lehi, UT market for Business and Financial Operations Occupations is remarkably balanced against the national landscape. This indicates that the demand and supply for these roles are closely mirroring the national averages, suggesting a competitive yet accessible job market. Professionals will find a robust presence of opportunities without an overwhelming saturation, making it a steady environment for career development.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Provo-Orem-Lehi, UT
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Provo-Orem-Lehi, UT?
The median annual salary for a Business and Financial Operations Occupations in Provo-Orem-Lehi, UT is $78,080. This typically ranges from $39,390 for entry-level positions to $125,460 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 17.5% lower than the national median of $94,590.
Is Provo-Orem-Lehi, UT a lucrative place for Business and Financial Operations Occupationss?
No, not significantly more lucrative than the national average.The average salary of $78,080 is below the national average, although the cost of living is also at the national average, making the purchasing power comparable.
Is Provo-Orem-Lehi, UT a good place to live for Business and Financial Operations 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 ($72,850) and Wasatch Front Fringe Utah nonmetropolitan area.
How does the Provo-Orem-Lehi, UT salary compare to the national average?
The average salary of $78,080 in Provo-Orem-Lehi, UT is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Provo-Orem-Lehi, UT?
The concentration, measured by the Location Quotient, is 0.99, which is very close to the national average, indicating a similar level of job density.
How does the cost of living in Provo-Orem-Lehi, UT affect salary perception?
With a Cost of Living Index of 100, the local cost of living matches the national average. Therefore, the $78,080 salary has purchasing power equivalent to the national average salary.
What is the total number of Business and Financial Operations workers in the area?
There are 19,830 individuals employed in Business and Financial Operations Occupations in the Provo-Orem-Lehi, UT metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 19,830 employees in the Provo-Orem-Lehi, UT area with a job density of 66.432 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Provo-Orem-Lehi, UT
- All Occupations Salary in Provo-Orem-Lehi, UT
- Office and Administrative Support Occupations Salary in Provo-Orem-Lehi, UT
- Sales and Related Occupations Salary in Provo-Orem-Lehi, UT
- Food Preparation and Serving Related Occupations Salary in Provo-Orem-Lehi, UT
- Management Occupations Salary in Provo-Orem-Lehi, UT
- Construction and Extraction Occupations Salary in Provo-Orem-Lehi, UT
- Educational Instruction and Library Occupations Salary in Provo-Orem-Lehi, UT
- Business and Financial Operations Occupations Salary in Provo-Orem-Lehi, UT
- Transportation and Material Moving Occupations Salary in Provo-Orem-Lehi, UT
- Production Occupations Salary in Provo-Orem-Lehi, UT
- Browse All Jobs in Provo-Orem-Lehi, UT →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Provo-Orem-Lehi, UT