Average Chief Executives Salary in Salt Lake City-Murray, UT
Chief Executives in the Salt Lake City-Murray, UT area earn an average annual salary of $218,670. This figure is notably below the national average of $283,090, suggesting that while the role is critical, local economic factors and industry concentrations may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $218,670 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $328,005.
- Outlook: The Salt Lake City-Murray metropolitan area supports a substantial workforce of 2,010 Chief Executives, indicating a significant presence of leadership roles within the region. With a Location Quotient of 1.79, this area demonstrates a higher concentration of these positions than the national average, signaling robust demand and a potentially dynamic job market for executive talent.
Salary Overview
The average Chief Executives in Salt Lake City-Murray, UT earns-22.8%below the national average.
$105.1
$4,205
$18,223
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the compensation for Chief Executive roles in Salt Lake City-Murray, like in most major metropolitan areas, has experienced steady growth over the past four years. This trend is typically driven by inflation, increasing business complexity, and the evolving demands placed upon top-level leadership.
Chief Executives Salary Distribution in Salt Lake City-Murray, UT
Compensation for Chief Executives naturally scales with experience, with entry-level positions commanding lower salaries and senior executives with extensive track records earning significantly more. The percentile gaps in salary distribution reflect this progression, illustrating the substantial financial rewards associated with climbing the corporate ladder and accumulating valuable leadership expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,820 | $27.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $164,003 | $78.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $179,450 | $86.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $273,338 | $131.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $328,005 | $157.7 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$218,670
Gross Pay
Real Wage (Purchasing Power)
$218,670
Adjusted for COL (100)
The average annual salary of $218,670 for Chief Executives in Salt Lake City-Murray 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 without significant cost-of-living advantages or disadvantages.
Job Market Context
2,010
Total Jobs
2.466
Per 1K Jobs
1.79
Location Quotient
Salt Lake City-Murray, UT has 1.8x 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.
A Location Quotient of 1.79 for Chief Executives in Salt Lake City-Murray signifies a market that is 79% more concentrated than the national average. This suggests a competitive landscape where executive talent is in relatively high demand, potentially leading to more opportunities but also requiring strong qualifications to secure top positions.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Chief Executives Salary | $192,550↓ 12% | 31 mi |
| Provo-Orem-Lehi, UT Chief Executives Salary | $202,270↓ 7% | 40 mi |
| High Desert Utah nonmetropolitan area Chief Executives Salary | $146,670↓ 33% | 44 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Chief Executives Salary | $239,880↑ 10% | 44 mi |
| Logan, UT-ID Chief Executives Salary | $138,330↓ 37% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Salt Lake City-Murray, UT?
The median annual salary for a Chief Executives in Salt Lake City-Murray, UT is $218,670. This typically ranges from $57,820 for entry-level positions to $328,005 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 22.8% lower than the national median of $283,090.
Is Salt Lake City-Murray, UT a lucrative place for Chief Executives?
Yes, with caveats.While the average salary of $218,670 is below the national average, the high concentration of these roles (LQ 1.79) and a cost of living at the national average indicate a stable and opportunity-rich market for executive leadership.
Is Salt Lake City-Murray, UT a good place to live for Chief Executives?
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 ($192,550) and Provo-Orem-Lehi, UT.
How does the Salt Lake City-Murray Chief Executive salary compare to the national average?
The average annual salary for Chief Executives in Salt Lake City-Murray is $218,670, which is lower than the national average of $283,090.
What is the concentration of Chief Executive jobs in Salt Lake City-Murray?
The Location Quotient for Chief Executives in Salt Lake City-Murray is 1.79, indicating a concentration that is 79% higher than the national average.
How does the cost of living in Salt Lake City-Murray affect the Chief Executive salary?
The Cost of Living Index in Salt Lake City-Murray is 100, which is the national average. This means the $218,670 salary has purchasing power equivalent to the national average.
What does the total local workforce number imply for Chief Executives?
With 2,010 Chief Executives in the local workforce, it suggests a significant presence of these high-level roles within the Salt Lake City-Murray area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,010 employees in the Salt Lake City-Murray, UT area with a job density of 2.466 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 Salt Lake City-Murray, UT