- 103,667 employers
- 1.48 million employees
- $933 average weekly wage
- The average weekly wage is 15.3% below the national average
- The cost of living is 1.8% below the national average
Types of Employers (Private Sector vs. Government Agency)
As an employer in Utah, you are most likely to be running a private company rather than a government agency. 96.1% of employers run private companies in the state, 0.9% lower than the national average. The remaining 3.9% of employers are government agencies: 0.5% of employers are federal agencies, 0.9% are state agencies and 2.4% are local government agencies. The chart below illustrates this breakout.
84.4% of employees work for a private company. This is 0.9% below the national average of 85.2%. Local government agencies employ 8.6% of the workers in the state, state government agencies employ 4.6% of the workers and the federal government employs 2.4%. The percentage of employees working for a government agency (15.6%) is 0.9% higher than the national average.
The average pay in the state is $933, which is 15.3% lower than the national average of $1,101. Utah workers that are employed by private businesses earn $934 per week, 15.1% lower than the national average for private company employees. Employees of federal government agencies in Utah earn $1,383 per week, a premium of 48.1% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Professional services with 16.1% of the businesses in the state. Construction (11.6%) and Healthcare (10.7%) round out the top 3 sectors. The sector that employs the greatest number of workers is Retail trade which employs 13.8% of all workers, followed by Healthcare and Manufacturing which account for 12.2% and 10.6% of private company employees. The table below illustrates the number of businesses by sector:
|Professional and technical services||16,012||16.1%|
|Health care and social assistance||10,614||10.7%|
|Other services, except public administration||6,325||6.3%|
|Administrative and waste services||6,163||6.2%|
|Accommodation and food services||6,038||6.1%|
|Finance and insurance||5,954||6.0%|
|Real estate and rental and leasing||5,581||5.6%|
|Transportation and warehousing||2,716||2.7%|
|Arts, entertainment, and recreation||1,344||1.3%|
|Management of companies and enterprises||886||0.9%|
|Mining, quarrying, and oil and gas extraction||548||0.5%|
|Agriculture, forestry, fishing and hunting||454||0.5%|
The table below lists the sectors with the greatest number of employees:
|Health care and social assistance||152,367||12.2%|
|Accommodation and food services||123,642||9.9%|
|Professional and technical services||104,637||8.4%|
|Administrative and waste services||93,036||7.5%|
|Finance and insurance||66,828||5.4%|
|Transportation and warehousing||57,032||4.6%|
|Other services, except public administration||36,112||2.9%|
|Arts, entertainment, and recreation||24,896||2.0%|
|Real estate and rental and leasing||20,756||1.7%|
|Management of companies and enterprises||17,958||1.4%|
|Mining, quarrying, and oil and gas extraction||9,468||0.8%|
|Agriculture, forestry, fishing and hunting||5,686||0.5%|
The table below is ordered by the average weekly wage for each sector:
|Management of companies and enterprises||$1,832|
|Mining, quarrying, and oil and gas extraction||$1,488|
|Professional and technical services||$1,424|
|Finance and insurance||$1,410|
|Real estate and rental and leasing||$971|
|Transportation and warehousing||$968|
|Health care and social assistance||$846|
|Administrative and waste services||$698|
|Other services, except public administration||$686|
|Agriculture, forestry, fishing and hunting||$658|
|Arts, entertainment, and recreation||$543|
|Accommodation and food services||$355|
Each broad sector is made up of specific industries. In Utah the industry with the most businesses is Restaurants and other eating places (with 4,684 businesses employing 95,303 workers). The next two industries are Management consulting services and Computer systems design and related services. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||4,684||20.3|
|Management consulting services||3,768||3.6|
|Computer systems design and related services||3,282||8.2|
|Residential building construction||2,550||5.0|
|Offices of real estate agents and brokers||2,366||1.5|
|Services for the elderly and disabled||2,354||3.3|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 95,303 people in 4,684 businesses. On average, these employees are paid $317, 66.0% less than the state average. There are 20.3 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||95,303||20.3|
|General medical and surgical hospitals||32,758||425.4|
|Computer systems design and related services||26,985||8.2|
|Temporary help services||25,311||32.7|
|General merchandise stores, including warehouse clubs and supercenters||24,087||79.5|
|Offices of physicians||22,104||11.3|
The industry that pays the most (on an average weekly basis) is Investment banking and securities dealing. There are 473 employees working in 64 businesses. The next best paying industries are Portfolio management and Spectator sports.
|Detailed Industry||Wkly Wage|
|Investment banking and securities dealing||$3,692|
|Other financial vehicles||$2,879|
The solopreneur company, has the most businesses in Utah by far. 62.5% of all businesses in the state have fewer than 5 employees. The 93,006 small businesses in the state represent 97.5% of all private businesses. The national average is 97.4%. (Small businesses have fewer than 50 employees.) The pie chart below illustrates the ratio of business sizes.
The largest companies in the state represent 9.5% of all employees, which is 1.5% lower than the national average of 11.0%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 7.4% of all workers, which is 0.1% higher than the national average of 7.3%. All small companies, those employing fewer than 50 people, represent 46.7% of the labor force in the state, 3.1% more than the national average of 43.6%.
The smallest companies in Utah (those with fewer than 5 employees) pay workers 2.1% more than the national average ($996 per week as compared to the national average of $975 per week. The largest companies in Utah (those with more than 1,000 employees) pay 42.8% workers below the national average ($1,318 per week as compared to the national average of $1,882 per week.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.