Business facts
Estimated annual revenue~$710.3K
Estimated employees~3
Annual payroll (2021)~$186.1K
Based on reported payroll data
Area statistics (84097)
Population21,774
Median household income$92,542
Source: US Census ACS
About
Vector Structural Engineering is located in Orem, Utah. This business is working in the following industry: Engineer.
♿
Wheelchair Accessible
Parking
Market analysis
Earning below its category median in a growing category (Engineer).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$443.6K2019
~$475.6K2020
~$501.7K2021
~$557.4K2022
~$613.0K2023
~$710.3K2024
Modeled from official industry statistics+9.9%/yr since 201980% confidence band: ±42%
Property
Lot size1,022 sq ft
CountyUtah
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$43.3K · 4 jobs reported · implies ~$207.8K annual payroll · $43.5K forgiven
Second PPP loan (2021)$38.8K · 6 jobs reported · $39.0K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Engineer in Utah | 261 | ~$844.7M | ~$3.3M | ~$1.1M | 5.0★ | 0.6× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure19 chains expanding in this category, led by Sunrise Engineering, Jones & DeMille Engineering, Northrop Grumman (+35 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 155 | ~$399.6M | ~$2.6M | ~$691.1K | 1,557 | ~$138.6M | 1.0× |
| Professional, scientific and technical activities | 19 | ~$39.1M | ~$2.1M | — | 122 | — | — |
1 km area (all businesses): median from the 131 of 155 businesses with estimates
Estimate
Area conditions (84097)
Population21,774 ±1,152
Median household income$92,542 ±$9,828
Median home value$453,100
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS