Average Business and Financial Operations Occupations Salary in Salt Lake City-Murray, UT
In Salt Lake City-Murray, UT, professionals in Business and Financial Operations Occupations earn an average annual salary of $89,250. This figure is slightly below the national average of $94,590, suggesting a localized market dynamic influencing compensation. Factors such as the specific industry mix and regional economic conditions likely contribute to this difference.
Executive Summary
- Average Salary: $89,250 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,430.
- Outlook: The Salt Lake City-Murray, UT area demonstrates a robust job market for Business and Financial Operations Occupations, with a total local workforce of 67,210 individuals in this sector. The Location Quotient of 1.23 indicates a higher concentration of these roles compared to the national average, signaling strong and potentially growing demand within the region.
Salary Overview
The average Business and Financial Operations Occupations in Salt Lake City-Murray, UT earns-5.6%below the national average.
$42.9
$1,716
$7,438
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Salt Lake City-Murray, UT have experienced growth over the past four years, mirroring national trends. Economic expansion and increasing demand for financial expertise typically drive upward salary adjustments in competitive markets.
Business and Financial Operations Occupations Salary Distribution in Salt Lake City-Murray, UT
Career progression within Business and Financial Operations Occupations in Salt Lake City-Murray, UT is typically marked by significant salary increases. Entry-level positions may start at lower percentiles, but with accumulated experience and demonstrated expertise, professionals can advance to senior roles commanding salaries in the higher percentiles, reflecting a clear career growth trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,460 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,938 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,330 | $36.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,563 | $53.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,430 | $64.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$89,250
Gross Pay
Real Wage (Purchasing Power)
$89,250
Adjusted for COL (100)
The average annual salary of $89,250 in Salt Lake City-Murray, UT aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial environment for residents without the added pressure of a higher or lower cost of living.
Job Market Context
67,210
Total Jobs
82.295
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Salt Lake City-Murray, UT has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.23, Salt Lake City-Murray, UT exhibits a notable concentration of Business and Financial Operations Occupations professionals compared to the national landscape. This suggests a competitive yet abundant job market, where opportunities are readily available, but employers may also have a diverse pool of talent to choose from.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Business and Financial Operations Occupations Salary | $78,780↓ 12% | 31 mi |
| Provo-Orem-Lehi, UT Business and Financial Operations Occupations Salary | $78,080↓ 13% | 40 mi |
| High Desert Utah nonmetropolitan area Business and Financial Operations Occupations Salary | $72,850↓ 18% | 44 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Business and Financial Operations Occupations Salary | $78,200↓ 12% | 44 mi |
| Logan, UT-ID Business and Financial Operations Occupations Salary | $74,480↓ 17% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Salt Lake City-Murray, UT?
The median annual salary for a Business and Financial Operations Occupations in Salt Lake City-Murray, UT is $89,250. This typically ranges from $43,460 for entry-level positions to $134,430 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 5.6% lower than the national median of $94,590.
Is Salt Lake City-Murray, UT a lucrative place for Business and Financial Operations Occupationss?
Yes, it offers a balanced financial environment.While the average salary is slightly below the national average, the cost of living is also at the national average, providing equivalent purchasing power. The strong concentration of these roles indicates a healthy job market.
Is Salt Lake City-Murray, UT a good place to live for Business and Financial Operations Occupations?
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 ($78,780) and Provo-Orem-Lehi, UT.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Salt Lake City-Murray, UT is $89,250, which is approximately 5.6% lower than the national average of $94,590.
What does a Location Quotient of 1.23 mean?
A Location Quotient of 1.23 signifies that Business and Financial Operations Occupations are 23% more concentrated in the Salt Lake City-Murray, UT area than the national average, indicating a stronger presence and demand for these roles.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, Salt Lake City-Murray, UT matches the national average. This means the $89,250 salary offers the same purchasing power as the national average salary would in a typical US city.
What is the total number of Business and Financial Operations workers in the area?
There are 67,210 individuals employed in Business and Financial Operations Occupations within the Salt Lake City-Murray, 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 67,210 employees in the Salt Lake City-Murray, UT area with a job density of 82.295 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Salt Lake City-Murray, UT