The annual salary statistics of financial managers in Provo-Orem, Utah is shown in Table 1. The wage statistics of financial managers in Provo-Orem is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $55,910 |
| 25th Percentile Wage | $75,940 |
| 50th Percentile Wage | $110,740 |
| 75th Percentile Wage | $147,370 |
| 90th Percentile Wage | $200,240 |
Table 1 shows the average annual salary for financial managers in Provo-Orem, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $200,240. The median (50th percentile) annual salary is $110,740. The average annual salary for the bottom 10 percent earners is $55,910.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $110,740 | 5.79% | 12.04% |
| 2018 | $104,330 | 10.03% | - |
| 2017 | $93,870 | -1.67% | - |
| 2016 | $95,440 | -3.77% | - |
| 2015 | $99,040 | -3.47% | - |
| 2014 | $102,480 | -3.88% | - |
| 2013 | $106,460 | 8.50% | - |
| 2012 | $97,410 | - | - |
From Table 3 we note that with a median annual salary of $110,740, Provo-Orem is the highest paying city for financial managers in state of Utah, followed by Salt Lake City (median annual salary $105,830). In comparison, the median annual salary of financial managers in Provo-Orem is 4.4 percent (4.4%) higher than that in Salt Lake City.