Average Financial Managers Salary in Ogden, UT
Financial Managers in Ogden, UT, can expect an average annual salary of $144,560. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower demand for specialized financial leadership roles contribute to this compensation difference. Understanding these local economic factors is crucial for financial professionals considering a career in this area.
Executive Summary
- Average Salary: $144,560 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $213,510.
- Outlook: Ogden, UT, hosts a workforce of 960 Financial Managers, with 3.545 jobs per 1,000 workers. The Location Quotient of 0.67 indicates a concentration of these roles that is below the national average. While the total workforce size is substantial, the lower concentration suggests that the demand for Financial Managers in Ogden is not as robust as in other national markets, implying a potentially more competitive landscape for new entrants.
Salary Overview
The average Financial Managers in Ogden, UT earns-21.6%below the national average.
$69.5
$2,780
$12,047
Financial Managers Salary Trends (2020-2024)
While specific historical data for Ogden is not provided, it is reasonable to assume that salaries for Financial Managers nationwide have experienced a steady upward trend over the past four years, driven by inflation, increased demand for financial oversight, and evolving regulatory landscapes. This general growth likely extends to Ogden, though the rate of increase may be influenced by local economic conditions and the specific industry mix within the region.
Financial Managers Salary Distribution in Ogden, UT
The salary range for Financial Managers in Ogden, UT, can vary significantly based on experience. Entry-level positions typically start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, approaching or even exceeding the average. These percentile gaps highlight the clear career progression and earning potential available to those who advance within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,620 | $38.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $108,420 | $52.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $131,930 | $63.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $180,700 | $86.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $213,510 | $102.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$144,560
Gross Pay
Real Wage (Purchasing Power)
$144,560
Adjusted for COL (100)
With an average annual salary of $144,560 and a Cost of Living Index of 100, Financial Managers in Ogden, UT, are experiencing a salary that perfectly aligns with the national average cost of living. This means that the purchasing power of their income in Ogden is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
960
Total Jobs
3.545
Per 1K Jobs
0.67
Location Quotient
Ogden, UT has 0.67x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.67 for Financial Managers in Ogden, UT, signifies that the concentration of these roles is 33% lower than the national average. This suggests that the job market for Financial Managers in Ogden is less saturated compared to national benchmarks. While this might indicate fewer opportunities overall, it could also mean less intense competition for available positions, offering a unique market dynamic for professionals in this field.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Salt Lake City-Murray, UT Financial Managers Salary | $162,640↑ 13% | 31 mi |
| Logan, UT-ID Financial Managers Salary | $138,890↓ 4% | 36 mi |
| Provo-Orem-Lehi, UT Financial Managers Salary | $156,340↑ 8% | 70 mi |
| High Desert Utah nonmetropolitan area Financial Managers Salary | $132,970↓ 8% | 75 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Financial Managers Salary | $167,110↑ 16% | 75 mi |
Comparing salaries near Ogden, UT
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Ogden, UT?
The median annual salary for a Financial Managers in Ogden, UT is $144,560. This typically ranges from $79,620 for entry-level positions to $213,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ogden, UT is 21.6% lower than the national median of $184,480.
Is Ogden, UT a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $144,560 in Ogden is significantly lower than the national average of $184,480. However, the cost of living is at the national average, meaning the nominal salary's purchasing power is stable locally.
Is Ogden, UT a good place to live for Financial Managers?
The Cost of Living Index in Ogden, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ogden, UT?
Some top paying nearby cities include Salt Lake City-Murray, UT ($162,640) and Logan, UT-ID.
How does Ogden's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Ogden, UT, is $144,560, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in Ogden, UT?
Ogden, UT has a Location Quotient of 0.67 for Financial Managers, indicating a lower concentration of these roles compared to the national average.
Does the cost of living in Ogden affect the perceived value of the salary?
No, the Cost of Living Index in Ogden is 100, which is the national average. This means the $144,560 salary has the same purchasing power in Ogden as the national average salary would have nationally.
How many Financial Managers are there in Ogden, UT?
There are approximately 960 Financial Managers working in Ogden, UT, representing 3.545 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 960 employees in the Ogden, UT area with a job density of 3.545 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Ogden, UT