Average Chief Executives Salary in Provo-Orem-Lehi, UT
Chief Executives in the Provo-Orem-Lehi, UT area earn an average annual salary of $202,270. This figure is notably below the national average of $283,090, suggesting that while the role is present, compensation may be influenced by regional economic factors or a different industry mix compared to national benchmarks. The specific economic landscape and demand for top-tier executive talent within this metropolitan area likely shape this localized pay scale.
Executive Summary
- Average Salary: $202,270 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $303,405.
- Outlook: The Provo-Orem-Lehi area supports a concentrated workforce of 790 Chief Executives, with a Location Quotient of 1.93 indicating a significantly higher presence than the national average. This suggests a robust demand and a mature market for executive leadership within this region, despite the average salary being lower than the national figure. The concentration points to established industries or a growing business ecosystem that requires a substantial number of top-level decision-makers.
Salary Overview
The average Chief Executives in Provo-Orem-Lehi, UT earns-28.5%below the national average.
$97.2
$3,890
$16,856
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Chief Executives in the Provo-Orem-Lehi area have experienced growth over the past four years, mirroring general economic trends and inflation. The increasing demand suggested by the Location Quotient likely contributes to upward pressure on compensation, even if it hasn't yet reached national parity.
Chief Executives Salary Distribution in Provo-Orem-Lehi, UT
The salary trajectory for Chief Executives typically scales significantly with experience. Entry-level executive roles, while rare, would command a lower percentile of the average, whereas seasoned leaders with proven track records and extensive strategic oversight would occupy the higher percentiles, potentially approaching or even exceeding the national average in specific high-impact roles. The substantial gap between entry-level and senior-level compensation underscores the value placed on experience and demonstrated leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,690 | $33 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $151,703 | $72.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $155,650 | $74.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $252,838 | $121.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $303,405 | $145.9 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$202,270
Gross Pay
Real Wage (Purchasing Power)
$202,270
Adjusted for COL (100)
The nominal average salary of $202,270 in Provo-Orem-Lehi, UT, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an executive's salary in this region is equivalent to the national average, offering a stable financial environment for those relocating or residing locally. While the salary is lower than the national average for the role, the cost of living parity ensures that the take-home pay retains its value relative to expenses.
Job Market Context
790
Total Jobs
2.656
Per 1K Jobs
1.93
Location Quotient
Provo-Orem-Lehi, UT has 1.9x the national concentration of Chief Executives jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.93, the Provo-Orem-Lehi metropolitan area exhibits a concentration of Chief Executive roles nearly double the national average. This signifies a highly competitive and specialized job market where executive talent is in significant demand relative to the overall workforce. Companies in this region are actively seeking and employing top-tier leadership, making it a potentially advantageous, albeit competitive, environment for experienced executives.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| High Desert Utah nonmetropolitan area Chief Executives Salary | $146,670↓ 27% | 13 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Chief Executives Salary | $239,880↑ 19% | 13 mi |
| Salt Lake City-Murray, UT Chief Executives Salary | $218,670↑ 8% | 40 mi |
| Ogden, UT Chief Executives Salary | $192,550↓ 5% | 70 mi |
Comparing salaries near Provo-Orem-Lehi, UT
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Frequently Asked Questions
How much does a Chief Executives make in Provo-Orem-Lehi, UT?
The median annual salary for a Chief Executives in Provo-Orem-Lehi, UT is $202,270. This typically ranges from $68,690 for entry-level positions to $303,405 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 28.5% lower than the national median of $283,090.
Is Provo-Orem-Lehi, UT a lucrative place for Chief Executivess?
Yes, with a caveat regarding national averages.The area offers a strong concentration of Chief Executive roles (LQ 1.93) and a cost of living on par with the national average. However, the average salary is below the national benchmark, indicating potential for higher earnings elsewhere, but strong local demand.
Is Provo-Orem-Lehi, UT a good place to live for Chief Executives?
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 ($146,670) and Wasatch Front Fringe Utah nonmetropolitan area.
How does the local Chief Executive salary compare to the national average?
The average annual salary for Chief Executives in Provo-Orem-Lehi, UT is $202,270, which is considerably lower than the national average of $283,090.
What does the Location Quotient of 1.93 mean for Chief Executives in Provo-Orem-Lehi?
A Location Quotient of 1.93 indicates that Chief Executive roles are nearly twice as concentrated in the Provo-Orem-Lehi area compared to the national average, suggesting higher demand and a more robust market for these positions locally.
How does the cost of living in Provo-Orem-Lehi affect the Chief Executive salary?
The Cost of Living Index in Provo-Orem-Lehi is 100, matching the national average. This means the $202,270 salary has equivalent purchasing power to the national average, despite being lower than the national salary for the role.
What is the total number of Chief Executives in the Provo-Orem-Lehi workforce?
There are approximately 790 Chief Executives employed within the Provo-Orem-Lehi 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 790 employees in the Provo-Orem-Lehi, UT area with a job density of 2.656 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Provo-Orem-Lehi, UT