Utah's family wealth comes from technology, chemicals, direct sales and real estate, with offices in Salt Lake City, Provo and Park City.
The family office landscape in Utah
Family offices in Utah are concentrated in and around:
Where family office candidates come from in Utah
Salt Lake City's tech and finance companies and Brigham Young University's highly ranked accounting program supply strong candidates.
Across the state, accountants and auditors earn an average of $87,700, 7% below the US average of $94,750 and #27 of 51. Financial managers average $168,050, 10% below the US average of $186,910 (BLS Occupational Employment and Wage Statistics, May 2025). Family offices usually pay above these averages to win experienced people.
Family office salaries in Utah
| Role | Base salary in UT | Typical bonus |
|---|---|---|
| Family Office Controller | $165K–$230K | 15–25% |
| Family Office Accountant | $90K–$140K | 5–15% |
| Family Office Tax Manager | $140K–$200K | 10–20% |
| Family Office CFO | $285K–$455K | 25–50% |
| Family Office Chief of Staff | $140K–$240K | 15–30% |
| Family Office Operations Manager | $125K–$190K | 10–20% |
| Family Office Executive Assistant | $85K–$140K | 10–20% |
| Family Office Payroll Manager | $105K–$140K | 5–15% |
Our estimates for a single family office managing $250M–$1B, adjusted for Utah using BLS pay levels for accountants and financial managers (5% below the national midpoint). Try the salary calculator for other office sizes.
Taxes, trusts and the law in Utah
Utah has a flat income tax and no estate tax, and Park City attracts many second-home owners.
How Utah compares with nearby states
| State | Accountant avg. (BLS) | Financial manager avg. (BLS) | Family office controller (estimate) |
|---|---|---|---|
| Utah | $87,700 | $168,050 | $165K–$230K |
| Arizona | $88,400 | $158,550 | $165K–$225K |
| Colorado | $103,150 | $209,360 | $185K–$255K |
| Idaho | $79,940 | $142,420 | $155K–$210K |
| Montana | $82,750 | $150,850 | $160K–$215K |
| Nevada | $89,310 | $154,570 | $165K–$225K |
| New Mexico | $84,320 | $147,820 | $160K–$215K |
| Wyoming | $83,820 | $134,710 | $155K–$210K |
What this means for hiring in Utah
Accountant pay in Utah sits mid-pack nationally (#27 of 51). A family office that offers a clearly defined role, a meaningful bonus and some flexibility can stand out against corporate employers here. State taxes in Utah are moderate, so pay conversations usually center on base salary and bonus rather than tax. With a smaller local finance community, the strongest candidates for Utah often live elsewhere. Plan on a recruiter-led search, and budget for relocation on senior roles.
Family office questions for Utah
Where do Utah family offices hire accountants?
From Salt Lake City's tech and finance companies and from Brigham Young University and the University of Utah, both known for accounting.
How much do family office jobs pay in Utah?
We estimate a family office controller in Utah earns about $165K–$230K base and an accountant about $90K–$140K. For context, accountants and auditors in Utah earn an average of $87,700 across all employers, 7% below the US average (BLS, May 2025).
Where are family offices in Utah?
Mostly around Salt Lake City, Park City.
Does Utah have a state income tax on wages?
Yes. Utah has a flat income tax and no estate tax, and Park City attracts many second-home owners.