This data is based on ZIP code 84044.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Magna ZIP Area Economy · 2023
Wages -20% vs. avg. Salt Lake Co. town
Magna's ZIP area supports 3,658 jobs across 293 businesses, with workers earning an average of $53K per year, 20% below the Salt Lake County average. The economy is well-diversified (0.86 index), led by professional services and construction. 87.7% of businesses have fewer than 20 employees, and each business employs an average of 12.5 people. Jobs declined 0.6% from the prior year while business count grew 6.5%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Salt Lake Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
293 businesses by employee count. 87.7% are small businesses (under 20 employees).
Medium (20-49)
Micro (<5)
Small (5-9)
Small (10-19)
Medium (50-99)
Large (100-249)
Economic Densityi
0.12
jobs per resident
12.5
employees per business
County avg: 17.7-30%
$6K
payroll per resident
$657K
payroll per business
Magna ZIP Area vs. Avg. Salt Lake Co. Towni
All Industries in ZIP Areai
| Sector | Magna ZIP | Avg. Salt Lake Co. | Spec. |
|---|---|---|---|
| Professional Services | 5,321 | 231 | 122.2x |
| Construction | 4,099 | 178 | 122.1x |
| Healthcare | 3,832 | 167 | 121.7x |
| Retail Trade | 3,495 | 152 | 122.0x |
| Real Estate | 2,712 | 118 | 121.9x |
| Food & Accommodation | 2,692 | 117 | 122.0x |
| Other Services | 2,648 | 115 | 122.1x |
| Finance & Insurance | 2,472 | 107 | 122.5x |
| Admin Services | 2,039 | 89 | 121.5x |
| Wholesale Trade | 1,699 | 74 | 121.8x |
| Manufacturing | 1,387 | 60 | 122.6x |
| Transportation | 1,035 | 45 | 122.0x |
| Information | 731 | 32 | 121.2x |
| Education | 592 | 26 | 120.8x |
| Arts & Entertainment | 553 | 24 | 122.2x |
| Management | 277 | 12 | 122.4x |
| Utilities | 54 | 2 | 143.2x |
| Mining | 43 | 2 | 114.0x |
| Unclassified | 36 | 2 | 95.5x |
| Agriculture | 15 | 1 | 79.6x |