Average Management Occupations Salary in Salt Lake City-Murray, UT
Management Occupations in Salt Lake City-Murray, UT, command an average annual salary of $138,130. This figure is slightly below the national average of $143,930, suggesting a nuanced compensation landscape. Local economic factors and industry demand likely contribute to this specific pay scale within the region.
Executive Summary
- Average Salary: $138,130 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $223,970.
- Outlook: With a substantial local workforce of 67,900 individuals in Management Occupations, and a Location Quotient of 1.17, Salt Lake City-Murray demonstrates a healthy concentration of these roles relative to the national average. This indicates a robust and potentially growing job market for management professionals in the area, suggesting good demand and opportunities.
Salary Overview
The average Management Occupations in Salt Lake City-Murray, UT earns-4.0%below the national average.
$66.4
$2,656
$11,511
Management Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that management salaries in Salt Lake City-Murray have experienced consistent growth over the past four years, mirroring national trends. Economic expansion and increasing demand for skilled leadership typically drive upward salary adjustments in competitive markets.
Management Occupations Salary Distribution in Salt Lake City-Murray, UT
Career progression in Management Occupations significantly impacts earning potential. Entry-level positions typically start at a lower percentile, while senior and executive roles command higher salaries, often reaching well into the top percentiles. The widening gap between entry-level and senior salaries reflects the increasing responsibility and specialized skills required for advanced management positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,310 | $27.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,598 | $49.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $119,470 | $57.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,663 | $83 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $223,970 | $107.7 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$138,130
Gross Pay
Real Wage (Purchasing Power)
$138,130
Adjusted for COL (100)
The average annual salary of $138,130 in Salt Lake City-Murray aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a management professional's salary in this region is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
67,900
Total Jobs
83.146
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Salt Lake City-Murray, UT has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
A Location Quotient of 1.17 signifies that Management Occupations are 17% more concentrated in Salt Lake City-Murray than the national average. This suggests a competitive yet abundant job market, where demand for management talent is slightly higher than the national benchmark, potentially leading to more opportunities and slightly different compensation dynamics.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Ogden, UT Management Occupations Salary | $116,760↓ 15% | 31 mi |
| Provo-Orem-Lehi, UT Management Occupations Salary | $129,350↓ 6% | 40 mi |
| High Desert Utah nonmetropolitan area Management Occupations Salary | $100,980↓ 27% | 44 mi |
| Wasatch Front Fringe Utah nonmetropolitan area Management Occupations Salary | $116,060↓ 16% | 44 mi |
| Logan, UT-ID Management Occupations Salary | $109,570↓ 21% | 67 mi |
Comparing salaries near Salt Lake City-Murray, UT
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Salt Lake City-Murray, UT?
The median annual salary for a Management Occupations in Salt Lake City-Murray, UT is $138,130. This typically ranges from $57,310 for entry-level positions to $223,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salt Lake City-Murray, UT is 4.0% lower than the national median of $143,930.
Is Salt Lake City-Murray, UT a lucrative place for Management Occupationss?
Yes, it offers competitive compensation relative to its cost of living.Management professionals in Salt Lake City-Murray earn a substantial average salary of $138,130, which holds strong purchasing power due to a Cost of Living Index matching the national average.
Is Salt Lake City-Murray, UT a good place to live for Management Occupations?
The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salt Lake City-Murray, UT?
Some top paying nearby cities include Ogden, UT ($116,760) and Provo-Orem-Lehi, UT.
How does the local management salary compare to the national average?
The average annual salary for Management Occupations in Salt Lake City-Murray is $138,130, which is slightly lower than the national average of $143,930.
What is the significance of the Location Quotient (LQ) in Salt Lake City-Murray?
An LQ of 1.17 indicates that Management Occupations are 17% more concentrated in Salt Lake City-Murray compared to the national average, suggesting a strong presence and demand for these roles in the local economy.
How does the Cost of Living in Salt Lake City-Murray affect salaries?
With a Cost of Living Index of 100, Salt Lake City-Murray is at the national average, meaning the $138,130 salary offers purchasing power equivalent to the national median, making it a stable financial environment.
Are there many management jobs in Salt Lake City-Murray?
Yes, with 83.146 management jobs per 1,000 workers and a total local workforce of 67,900 in these occupations, the market is substantial and shows a higher concentration than 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 67,900 employees in the Salt Lake City-Murray, UT area with a job density of 83.146 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Salt Lake City-Murray, UT