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Average Chief Executives Salary in Utah

Chief Executives in Utah earn an average annual salary of $204,600, which is notably below the national average of $283,090. This difference can be attributed to various regional economic factors, including the specific industry landscape and the overall demand for top-tier executive talent within the state.

Executive Summary

  • Average Salary: $204,600 per year.
  • Growth Trend: Salaries have shifted 28.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $306,900.
  • Outlook: With a local workforce of 3,980 Chief Executives and a Location Quotient of 1.69, Utah demonstrates a significant concentration of these roles compared to the national average. This suggests a robust and potentially growing demand for executive leadership within the state's business ecosystem, indicating a healthy job market for this profession.
2024 Market Data

Salary Overview

$204,600

The average Chief Executives in Utah earns-27.7%below the national average.

BreakdownBased on 40h/week
Hourly

$98.4

Weekly

$3,935

Monthly

$17,050

Chief Executives Salary Distribution in Utah

The salary spectrum for Chief Executives in Utah, like elsewhere, is heavily influenced by experience. Entry-level positions will command lower figures, while seasoned executives with a proven track record can expect compensation significantly exceeding the average. The widening gap between entry-level and senior-level salaries signifies clear career progression pathways and the value placed on extensive leadership experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$57,820$27.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$153,450$73.8
ManagerOversees team, compliance, and project delivery.50% (Median)$163,980$78.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$255,750$123
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$306,900$147.5

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$204,600

Gross Pay

Real Wage (Purchasing Power)

$195,789

Adjusted for COL (104.5)

The nominal average salary of $204,600 in Utah needs to be viewed in the context of its Cost of Living Index of 104.5. This index indicates that living expenses in Utah are slightly higher than the national average. Therefore, while the salary is substantial, its purchasing power is marginally reduced by the elevated cost of living.

Job Market Context

3,980

Total Jobs

2.325

Per 1K Jobs

1.69

Location Quotient

Major Hub

Utah has 1.7x 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.

Utah's Location Quotient of 1.69 for Chief Executives signifies that the state has a higher concentration of these professionals than the national average. This suggests a competitive market where experienced executives may find ample opportunities, but also indicates a strong presence of established companies requiring high-level leadership.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Provo-Orem-Lehi, UT Chief Executives Salary$202,270↓ 1%13 mi
Salt Lake City-Murray, UT Chief Executives Salary$218,670↑ 7%44 mi
Ogden, UT Chief Executives Salary$192,550↓ 6%75 mi

Comparing salaries near Utah

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Frequently Asked Questions

How much does a Chief Executives make in Utah?

The median annual salary for a Chief Executives in Utah is $204,600. This typically ranges from $57,820 for entry-level positions to $306,900 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Utah is 27.7% lower than the national median of $283,090.

Is Utah a lucrative place for Chief Executives?

Yes, with caveats.Utah offers a strong concentration of Chief Executive roles, indicated by a Location Quotient of 1.69. However, the average salary of $204,600 is below the national average, and the cost of living is slightly higher.

Is Utah a good place to live for Chief Executives?

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 ($202,270) and Salt Lake City-Murray, UT.

How does Utah's Chief Executive salary compare to the national average?

The average annual salary for Chief Executives in Utah is $204,600, which is lower than the national average of $283,090.

What does the Location Quotient of 1.69 mean for Chief Executives in Utah?

A Location Quotient of 1.69 indicates that Chief Executives are more concentrated in Utah than the national average, suggesting a potentially strong demand and competitive market for these roles.

How does the cost of living in Utah affect the Chief Executive salary?

With a Cost of Living Index of 104.5, Utah is slightly more expensive than the national average. This means the $204,600 average salary may have slightly less purchasing power compared to areas with a lower cost of living.

What is the total number of Chief Executives employed in Utah?

There are approximately 3,980 Chief Executives employed within Utah, representing 2.325 jobs per 1,000 workers in the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,980 employees in the Utah area with a job density of 2.325 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Utah