Employment in Utah's technology sector has grown at twice the national average over the last 10 years and the industry now supports one in every seven jobs in the state, a new study says.
With more than 116,100 in direct employment, the tech sector’s influence on Utah’s overall economy is now ahead of the state’s real estate industry — only with an average yearly compensation of $102,000 per position, nearly 75 percent higher than the average of $58,400 paid per job in other industries.
Spending in Utah by tech companies and their workers supported another 186,000 non-tech jobs on top of that, meaning that what analysts refer to as the state's "tech and innovation economy" accounted for nearly a sixth of Utah's total gross domestic product in 2017, according to the first-of-its-kind study by the University of Utah's Kem C.