Average Business and Financial Operations Occupations Salary in Utah
In Utah, professionals in Business and Financial Operations Occupations can expect an average annual salary of $84,000. This figure is notably below the national average of $94,590, suggesting that while the state offers opportunities, compensation may be influenced by regional economic factors and the specific industry landscape within Utah.
Executive Summary
- Average Salary: $84,000 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,530.
- Outlook: Utah's market for Business and Financial Operations roles is robust, evidenced by a substantial local workforce of 122,440 individuals. The location quotient of 1.07 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and perhaps growing demand for these critical functions within the state's economy.
Salary Overview
The average Business and Financial Operations Occupations in Utah earns-11.2%below the national average.
$40.4
$1,615
$7,000
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 Utah have experienced a positive growth trend over the past four years, mirroring national economic recovery and expansion. This upward trajectory is likely driven by increasing business activity and a greater need for financial expertise across various sectors within the state.
Business and Financial Operations Occupations Salary Distribution in Utah
Salary progression within Business and Financial Operations Occupations in Utah typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on more complex responsibilities, their earning potential increases substantially, with senior roles commanding top-tier salaries, reflecting the value of specialized knowledge and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,450 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,000 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,750 | $35.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,000 | $50.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,530 | $62.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$84,000
Gross Pay
Real Wage (Purchasing Power)
$80,383
Adjusted for COL (104.5)
An average salary of $84,000 in Utah, when compared to a Cost of Living Index of 104.5 (slightly above the national average), indicates that the purchasing power of this salary is relatively in line with, or slightly less than, the national average. While Utah offers a good quality of life, the higher cost of living means that the nominal salary may not stretch as far as it would in a lower-cost state.
Job Market Context
122,440
Total Jobs
71.61
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Utah has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a location quotient of 1.07, Utah demonstrates a slightly higher concentration of Business and Financial Operations Occupations compared to the national average. This suggests a healthy and competitive job market where these roles are well-established and in demand, potentially offering more opportunities and a slightly more favorable environment for job seekers in this field than the nation as a whole.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Provo-Orem-Lehi, UT Business and Financial Operations Occupations Salary | $78,080↓ 7% | 13 mi |
| Salt Lake City-Murray, UT Business and Financial Operations Occupations Salary | $89,250↑ 6% | 44 mi |
| Ogden, UT Business and Financial Operations Occupations Salary | $78,780↓ 6% | 75 mi |
Comparing salaries near Utah
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Utah?
The median annual salary for a Business and Financial Operations Occupations in Utah is $84,000. This typically ranges from $41,450 for entry-level positions to $129,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utah is 11.2% lower than the national median of $94,590.
Is Utah a lucrative place for Business and Financial Operations Occupationss?
Utah presents a mixed picture for Business and Financial Operations Occupations.While the average salary of $84,000 is below the national average, the slightly higher concentration of these roles (LQ of 1.07) and a cost of living just above the national average suggest a stable, albeit not exceptionally high-paying, market.
Is Utah a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Utah is 104.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utah?
Some top paying nearby cities include Provo-Orem-Lehi, UT ($78,080) and Salt Lake City-Murray, UT.
How does Utah's average salary compare to the national average for these roles?
The average annual salary for Business and Financial Operations Occupations in Utah is $84,000, which is approximately $10,590 less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Utah?
Utah has a location quotient of 1.07 for these occupations, indicating a slightly higher concentration of these jobs compared to the national average, suggesting a robust local presence.
How does the cost of living in Utah affect the $84,000 salary?
With a Cost of Living Index of 104.5, Utah is slightly more expensive than the national average. This means the $84,000 salary may offer slightly less purchasing power than it would in a lower-cost-of-living area.
How many Business and Financial Operations workers are there in Utah?
Utah employs a significant workforce of 122,440 individuals in Business and Financial Operations Occupations, highlighting the importance of these roles within the state's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 122,440 employees in the Utah area with a job density of 71.61 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 Utah