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Average Credit Counselors Salary in Utah

Credit Counselors in Utah earn an impressive average annual salary of $69,590, significantly surpassing the national average of $55,430. This elevated compensation reflects the specific economic conditions and demand within the Beehive State, indicating a strong local market for these financial professionals.

Executive Summary

  • Average Salary: $69,590 per year.
  • Growth Trend: Salaries have shifted 65.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $140,380.
  • Outlook: With a total local workforce of 270 Credit Counselors, Utah presents a moderately sized but stable job market for this profession. The Location Quotient of 0.88 suggests a concentration slightly below the national average, implying a steady demand that aligns with the number of professionals in the field, rather than an oversaturated or exceptionally scarce market.
2024 Market Data

Salary Overview

$69,590

The average Credit Counselors in Utah earns+25.5%above the national average.

BreakdownBased on 40h/week
Hourly

$33.5

Weekly

$1,338

Monthly

$5,799

Credit Counselors Salary Distribution in Utah

Career progression for Credit Counselors in Utah typically involves a significant salary increase from entry-level to senior positions. While exact figures vary, the gap between starting salaries and those earned by seasoned professionals can be substantial, with experienced counselors often commanding salaries well above the state average, reflecting their accumulated expertise and client management capabilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$38,980$18.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$52,193$25.1
ManagerOversees team, compliance, and project delivery.50% (Median)$49,250$23.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$86,988$41.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$140,380$67.5

Detailed Credit Counselors Market Analysis

Relocation Context

Nominal Salary

$69,590

Gross Pay

Real Wage (Purchasing Power)

$66,593

Adjusted for COL (104.5)

The average Credit Counselor salary of $69,590 in Utah is quite favorable when considering the local Cost of Living Index of 104.5. This index is only slightly above the national average, meaning that the higher nominal salary translates to strong purchasing power for these professionals, allowing for a comfortable lifestyle within the state.

Job Market Context

270

Total Jobs

0.16

Per 1K Jobs

0.88

Location Quotient

Below Average

Utah has 0.88x the national average concentration of Credit Counselors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

Utah's Location Quotient of 0.88 for Credit Counselors indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is not exceptionally abundant, there is a healthy presence of these professionals, and opportunities likely exist for skilled individuals without facing intense competition.

Nearby Job Markets

Nearby Cities for Credit Counselors

CitySalaryDist.
Provo-Orem-Lehi, UT Credit Counselors Salary$73,920↑ 6%13 mi
Salt Lake City-Murray, UT Credit Counselors Salary$79,390↑ 14%44 mi

Comparing salaries near Utah

Hiring Credit Counselorss?

Frequently Asked Questions

How much does a Credit Counselors make in Utah?

The median annual salary for a Credit Counselors in Utah is $69,590. This typically ranges from $38,980 for entry-level positions to $140,380 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Utah is 25.5% higher than the national median of $55,430.

Is Utah a lucrative place for Credit Counselors?

Yes, Utah offers a lucrative environment for Credit Counselors.The average salary of $69,590 significantly exceeds the national average, and the cost of living is only marginally higher, providing excellent earning potential.

Is Utah a good place to live for Credit Counselors?

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 ($73,920) and Salt Lake City-Murray, UT.

How does Utah's Credit Counselor salary compare to the national average?

Credit Counselors in Utah earn an average of $69,590 annually, which is approximately $14,160 more than the national average salary of $55,430.

What is the concentration of Credit Counselors in Utah?

Utah has a Location Quotient of 0.88 for Credit Counselors, indicating a slightly lower concentration of these professionals compared to the national average.

How does the cost of living in Utah affect the Credit Counselor salary?

With a Cost of Living Index of 104.5, Utah is only slightly more expensive than the national average. This means the higher average salary of $69,590 provides substantial purchasing power for Credit Counselors.

What does the number of Credit Counselors in Utah suggest about job opportunities?

The local workforce of 270 Credit Counselors, combined with a Location Quotient below 1.0, suggests a stable job market with consistent demand for qualified professionals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Utah area with a job density of 0.16 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Credit Counselors • Data source: BLS OEWS 2024 •Jobs in Utah