Financial Risk Specialists Salary
Financial Risk Specialists in Salt Lake City-Murray, UT make a median of $81,240 a year, or about $39.06 an hour. The range runs from $59K at the entry level to $137K for experienced workers. Adjusted for local prices (RPP 100.87), that's roughly $80,539 in purchasing power. Rent on a 2-bedroom averages $1,241/month, or 24.2% of estimated take-home pay.
Where the paycheck goes
What $81K actually covers in Salt Lake City-Murray, month by month
Groceries, utilities, transportation, and healthcare scaled from national averages by Salt Lake City-Murray’s Regional Price Parity (100.87). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About financial risk specialists
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What this looks like in Salt Lake City-Murray
Pay for financial risk specialists in Salt Lake City-Murray runs about 31% below the U.S. median of $117K. Housing is manageable: a 2-bedroom at the HUD median costs $1,241/month, 24.1% of take-home, well inside the 30% guideline. Cost of living (RPP 100.87) is near the national average, so spending patterns here track the typical American budget fairly closely. Lower pay, lower costs, Salt Lake City-Murray can be a reasonable trade-off for financial risk specialists who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for financial risk specialists in metros near Salt Lake City-Murray, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Provo-Orem-Lehi | $75K | $76K |
| Ogden | $63K | $63K |
| Lake Havasu City-Kingman | $90K | $96K |
| Las Vegas-Henderson-North Las Vegas | $93K | $93K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Salt Lake City-Murray, UT
Entry-level financial risk specialists (10th percentile) start around $59K. Mid-career wages sit at $81K. Top earners bring in $137K or more, a $78K spread from bottom to top.
Financial Risk Specialists pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Risk Specialists salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New Hampshire | $158K | +35% | 300 |
| Maine | $141K | +20% | N/A |
| Delaware | $139K | +19% | 1,160 |
| New York | $137K | +17% | 12,060 |
| North Carolina | $132K | +13% | 3,200 |
| Massachusetts | $130K | +11% | 1,440 |
| New Jersey | $129K | +10% | 2,760 |
| California | $129K | +10% | 5,740 |
| Virginia | $127K | +8% | 1,770 |
| Washington | $123K | +5% | 900 |
| Colorado | $120K | +3% | 1,050 |
| Wyoming | $120K | +2% | 170 |
| Maryland | $117K | -0% | 890 |
| Connecticut | $114K | -3% | 660 |
| Oregon | $110K | -7% | 430 |
| Iowa | $106K | -10% | 530 |
| Minnesota | $105K | -10% | 1,190 |
| Rhode Island | $104K | -11% | 450 |
| Illinois | $104K | -11% | 2,920 |
| Michigan | $104K | -11% | 1,150 |
| Texas | $104K | -12% | 4,780 |
| Pennsylvania | $103K | -12% | 2,370 |
| Arizona | $103K | -12% | 1,700 |
| Montana | $101K | -14% | 50 |
| Missouri | $101K | -14% | 1,070 |
| Georgia | $101K | -14% | 2,180 |
| Nevada | $100K | -15% | 570 |
| Florida | $100K | -15% | 3,770 |
| South Carolina | $100K | -15% | 560 |
| Indiana | $99K | -15% | 380 |
| District of Columbia | $99K | -15% | 210 |
| Ohio | $99K | -16% | 2,110 |
| Wisconsin | $98K | -17% | 610 |
| Mississippi | $96K | -18% | 230 |
| West Virginia | $94K | -20% | 50 |
| Nebraska | $94K | -20% | 250 |
| Tennessee | $91K | -22% | 540 |
| Hawaii | $90K | -23% | 90 |
| New Mexico | $87K | -26% | 180 |
| Alaska | $85K | -27% | 50 |
| Oklahoma | $85K | -27% | 330 |
| Kansas | $85K | -28% | 150 |
| Alabama | $82K | -30% | 180 |
| South Dakota | $79K | -33% | 130 |
| Utah | $78K | -34% | 630 |
| Idaho | $77K | -34% | 270 |
| Kentucky | $75K | -36% | 500 |
| North Dakota | $75K | -36% | 90 |
| Arkansas | $66K | -44% | 150 |
| Louisiana | $58K | -50% | 520 |
Showing 1–10 of 50 states with published data
BLS does not publish data for every state when sample sizes are too small
Track financial risk specialists salary changes
BLS updates this data annually. We'll email you when Salt Lake City-Murray numbers change.
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Quick answers
The stuff people actually ask about this job
Can a financial risk specialist afford a 2BR apartment alone in Salt Lake City-Murray?
Yes — at the median salary of $81K, rent takes 24.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,241/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in Salt Lake City-Murray?
The 10th-percentile wage — what new financial risk specialists typically earn — is $59K/year. Take-home on that works out to about $3,885/month. At HUD’s $1,241/month FMR, rent would take 32% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial risk specialist a high-paying job in Salt Lake City-Murray?
Local pay runs 31% below the national median — $81K here vs. $117K nationally.
How does Salt Lake City-Murray compare to the national average for financial risk specialists?
Salt Lake City-Murray pays $81K median vs. the U.S. average of $117K — that’s -31%. After adjusting for local cost of living (RPP 100.87), the purchasing-power equivalent is $81K — below the national median.
How much do financial risk specialists make in Salt Lake City-Murray, UT?
The median is $81,240 a year, that works out to about $39 an hour. But the range is wide: entry-level workers start around $58,890, and experienced financial risk specialists can clear $137,010. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $81K enough to live in Salt Lake City-Murray?
On that salary, you'd take home roughly $5,147/month after taxes. A 2-bedroom here rents for about $1,241/month, which eats 24.1% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists salary go in Salt Lake City-Murray?
Salt Lake City-Murray has a Regional Price Parity of 100.87 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median financial risk specialists salary is worth about $80,539 in national-average purchasing power.
Where do financial risk specialists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.