Utah’s fintech industry is booming—creating jobs, boosting wages, and driving innovation. A new report from the Kem C. Gardner Policy Institute highlights just how big of a player fintech (financial technology such as banking apps) has become in the state’s economy.
67
fintech companies in Utah
8,000
jobs created in fintech
(plus 22,000 additional jobs in Utah’s economy)
$1 billion
in annual wages
(impacting $2.3 billion in wages across all industries)
$2.6 billion
in fintech industry output (generating $7.3 billion in total economic impact)
67%
of fintech companies in Salt Lake County, 26% in Utah County
$131,500
average salary—double the Utah statewide average
Data as of 2023
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