Average Financial Managers Salary in Provo-Orem-Lehi, UT
Financial Managers in the Provo-Orem-Lehi, UT area command an average annual salary of $156,340. This figure is notably below the national average of $184,480, suggesting that while the role is present, local market dynamics and potentially a different industry mix influence compensation levels compared to the broader U.S. landscape.
Executive Summary
- Average Salary: $156,340 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $235,600.
- Outlook: With a local workforce of 1,350 Financial Managers and a Location Quotient of 0.85, the job market in Provo-Orem-Lehi indicates a slightly lower concentration of these professionals compared to the national average. While not indicating a shortage, this suggests a stable, albeit not hyper-competitive, demand for financial management expertise within the region.
Salary Overview
The average Financial Managers in Provo-Orem-Lehi, UT earns-15.3%below the national average.
$75.2
$3,007
$13,028
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the U.S., including the Provo-Orem-Lehi area, have experienced consistent growth over the past four years. This trend is driven by inflation, increasing demand for sophisticated financial planning, and the evolving complexity of business operations.
Financial Managers Salary Distribution in Provo-Orem-Lehi, UT
Salary progression for Financial Managers is strongly tied to experience and demonstrated expertise. Entry-level positions typically start at the lower end of the pay scale, while senior roles, requiring extensive experience and strategic oversight, can command significantly higher salaries, often reaching into the top percentiles. The gap between entry-level and senior compensation reflects the increasing value and responsibility associated with career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,420 | $38.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,255 | $56.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $143,110 | $68.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $195,425 | $94 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $235,600 | $113.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$156,340
Gross Pay
Real Wage (Purchasing Power)
$156,340
Adjusted for COL (100)
The average annual salary of $156,340 in Provo-Orem-Lehi aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this region is equivalent to the national average, offering a stable financial standing without the premium or discount often associated with higher or lower cost-of-living areas.
Job Market Context
1,350
Total Jobs
4.526
Per 1K Jobs
0.85
Location Quotient
Provo-Orem-Lehi, UT has 0.85x 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.
A Location Quotient of 0.85 for Financial Managers in Provo-Orem-Lehi suggests that the profession is slightly less concentrated than the national average. This indicates a healthy job market where demand exists, but perhaps without the intense competition found in areas with a higher LQ, potentially offering good opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| High Desert Utah nonmetropolitan area Financial Managers Salary | $132,970↓ 15% | 13 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Financial Managers Salary | $167,110↑ 7% | 13 mi |
| Salt Lake City-Murray, UT Financial Managers Salary | $162,640↑ 4% | 40 mi |
| Ogden, UT Financial Managers Salary | $144,560↓ 8% | 70 mi |
Comparing salaries near Provo-Orem-Lehi, UT
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Provo-Orem-Lehi, UT?
The median annual salary for a Financial Managers in Provo-Orem-Lehi, UT is $156,340. This typically ranges from $80,420 for entry-level positions to $235,600 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 15.3% lower than the national median of $184,480.
Is Provo-Orem-Lehi, UT a lucrative place for Financial Managers?
No, not significantly more lucrative than the national average.While the average salary of $156,340 is substantial, it falls below the national average. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Provo-Orem-Lehi, UT a good place to live for Financial Managers?
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 ($132,970) and Wasatch Front Fringe Utah nonmetropolitan area.
What is the average salary for a Financial Manager in Provo-Orem-Lehi, UT?
The average annual salary for a Financial Manager in Provo-Orem-Lehi, UT is $156,340.
How does the Provo-Orem-Lehi salary compare to the national average?
The average salary in Provo-Orem-Lehi ($156,340) is lower than the national average ($184,480).
What is the Cost of Living in Provo-Orem-Lehi, UT?
The Cost of Living Index in Provo-Orem-Lehi, UT is 100, which is the national average.
How concentrated is the Financial Manager job market in Provo-Orem-Lehi?
The job market concentration, measured by the Location Quotient, is 0.85, indicating a slightly lower presence of Financial Managers compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,350 employees in the Provo-Orem-Lehi, UT area with a job density of 4.526 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 Provo-Orem-Lehi, UT