Average Financial Managers Salary in Wasatch Front Fringe Utah nonmetropolitan area
Financial Managers in the Wasatch Front Fringe nonmetropolitan area of Utah earn an average annual salary of $167,110. This figure is notably below the national average of $184,480, suggesting that regional economic factors and industry concentration play a significant role in compensation within this specific locale.
Executive Summary
- Average Salary: $167,110 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $250,665.
- Outlook: With a total local workforce of 240 Financial Managers, the job market in the Wasatch Front Fringe area presents a modest employment base. The location quotient of 0.7 indicates a slightly lower concentration of these professionals compared to the national average, suggesting that while opportunities exist, the demand may not be as robust as in more densely populated or industry-specific regions.
Salary Overview
The average Financial Managers in Wasatch Front Fringe Utah nonmetropolitan area earns-9.4%below the national average.
$80.3
$3,214
$13,926
Financial Managers Salary Trends (2020-2024)
While specific historical data for the Wasatch Front Fringe area is not provided, it is reasonable to assume that salaries for Financial Managers have experienced a general upward trend over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for financial expertise likely contribute to incremental salary increases, even in nonmetropolitan settings.
Financial Managers Salary Distribution in Wasatch Front Fringe Utah nonmetropolitan area
The career trajectory for Financial Managers typically involves significant salary growth as experience accumulates. Entry-level positions will naturally command lower salaries, while senior roles, requiring extensive expertise and strategic oversight, will occupy the higher percentiles. The gap between entry-level and senior compensation underscores the value placed on seasoned financial leadership and the potential for substantial career progression.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,830 | $38.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $125,333 | $60.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $133,750 | $64.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $208,888 | $100.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $250,665 | $120.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$167,110
Gross Pay
Real Wage (Purchasing Power)
$167,110
Adjusted for COL (100)
The average annual salary of $167,110 in the Wasatch Front Fringe area 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 that of a Financial Manager earning the national average in a location with a national average cost of living. Therefore, the nominal salary effectively translates to a comparable standard of living.
Job Market Context
240
Total Jobs
3.741
Per 1K Jobs
0.7
Location Quotient
Wasatch Front Fringe Utah nonmetropolitan area has 0.70x 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 0.7 for Financial Managers in the Wasatch Front Fringe nonmetropolitan area indicates that this profession is less concentrated here than the national average. This suggests a less competitive market for these roles, potentially offering more opportunities for skilled professionals to find positions, though the overall number of jobs may be limited by the region's economic scale.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Provo-Orem-Lehi, UT Financial Managers Salary | $156,340↓ 6% | 13 mi |
| Salt Lake City-Murray, UT Financial Managers Salary | $162,640↓ 3% | 44 mi |
| Ogden, UT Financial Managers Salary | $144,560↓ 13% | 75 mi |
Comparing salaries near Wasatch Front Fringe Utah nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Wasatch Front Fringe Utah nonmetropolitan area?
The median annual salary for a Financial Managers in Wasatch Front Fringe Utah nonmetropolitan area is $167,110. This typically ranges from $79,830 for entry-level positions to $250,665 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wasatch Front Fringe Utah nonmetropolitan area is 9.4% lower than the national median of $184,480.
Is Wasatch Front Fringe Utah nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $167,110 is substantial, it falls below the national average of $184,480. However, the cost of living is at the national average, meaning the salary's purchasing power is equivalent.
Is Wasatch Front Fringe Utah nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Wasatch Front Fringe Utah nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wasatch Front Fringe Utah nonmetropolitan area?
Some top paying nearby cities include Provo-Orem-Lehi, UT ($156,340) and Salt Lake City-Murray, UT.
How does the Financial Manager salary in Wasatch Front Fringe compare to the national average?
The average annual salary for Financial Managers in the Wasatch Front Fringe nonmetropolitan area is $167,110, which is lower than the national average of $184,480.
What is the Cost of Living in Wasatch Front Fringe, Utah?
The Cost of Living Index in the Wasatch Front Fringe nonmetropolitan area is 100, which is exactly the national average. This means the cost of goods and services is comparable to the national standard.
How many Financial Managers work in the Wasatch Front Fringe area?
There are approximately 240 Financial Managers employed in the Wasatch Front Fringe nonmetropolitan area, representing 3.741 jobs per 1,000 workers.
Is the market for Financial Managers saturated in Wasatch Front Fringe?
With a location quotient of 0.7, the market for Financial Managers in Wasatch Front Fringe is less concentrated than the national average, suggesting it is not saturated and may offer opportunities for skilled professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Wasatch Front Fringe Utah nonmetropolitan area area with a job density of 3.741 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 Wasatch Front Fringe Utah nonmetropolitan area