Average Accountants and Auditors Salary in Akron, OH
Accountants and Auditors in Akron, OH, can expect an average annual salary of $84,090. This figure is slightly below the national average of $94,430, a common occurrence in markets with a cost of living that aligns precisely with the national benchmark. Local economic factors and industry demand within the Akron area contribute to this specific compensation level.
Executive Summary
- Average Salary: $84,090 per year.
- Growth Trend: Salaries have shifted 11.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,550.
- Outlook: With a local workforce of 2,800 Accountants and Auditors, Akron presents a stable, albeit not exceptionally concentrated, job market for these professionals. The Location Quotient of 0.93 suggests that the concentration of these roles in Akron is very close to the national average, indicating a steady demand that mirrors broader trends. The presence of nearly 9 Accountants and Auditors per 1,000 workers further solidifies the availability of opportunities within the region.
Salary Overview
The average Accountants and Auditors in Akron, OH earns-10.9%below the national average.
$40.4
$1,617
$7,008
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Accountants and Auditors in Akron have experienced a gradual upward trend over the past four years, mirroring national economic growth and increasing demand for financial expertise. This growth is typically driven by inflation, evolving industry needs, and the increasing complexity of financial regulations, leading to higher compensation packages for skilled professionals.
Accountants and Auditors Salary Distribution in Akron, OH
The career trajectory for Accountants and Auditors in Akron, as elsewhere, typically involves significant salary progression with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and extensive experience can expect to earn considerably more, potentially reaching the higher percentiles. The gap between entry-level and senior-level salaries signifies clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,750 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,068 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,980 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,113 | $50.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,550 | $61.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$84,090
Gross Pay
Real Wage (Purchasing Power)
$84,090
Adjusted for COL (100)
An average annual salary of $84,090 in Akron, OH, is positioned directly against a Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by Accountants and Auditors in Akron holds its purchasing power precisely in line with the national average. Consequently, the $84,090 salary offers a standard of living comparable to what one would experience in a typical U.S. city, without the added financial strain of a higher cost of living.
Job Market Context
2,800
Total Jobs
8.746
Per 1K Jobs
0.93
Location Quotient
Akron, OH has 0.93x the national average concentration of Accountants and Auditors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.93 for Accountants and Auditors in Akron indicates a job market that is nearly on par with the national average in terms of concentration. This suggests that while the field is well-represented, it is not disproportionately dominant compared to other industries within the city. The market is neither oversaturated nor exceptionally scarce, implying a balanced environment where professionals can find opportunities without facing extreme competition or a significant lack of available positions.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Accountants and Auditors Salary | $76,530↓ 9% | 20 mi |
| Cleveland, OH Accountants and Auditors Salary | $86,310↑ 3% | 29 mi |
| Youngstown-Warren, OH Accountants and Auditors Salary | $75,540↓ 10% | 46 mi |
| Mansfield, OH Accountants and Auditors Salary | $72,330↓ 14% | 57 mi |
| Sandusky, OH Accountants and Auditors Salary | $75,830↓ 10% | 66 mi |
Comparing salaries near Akron, OH
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Frequently Asked Questions
How much does a Accountants and Auditors make in Akron, OH?
The median annual salary for a Accountants and Auditors in Akron, OH is $84,090. This typically ranges from $50,750 for entry-level positions to $127,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 10.9% lower than the national median of $94,430.
Is Akron, OH a lucrative place for Accountants and Auditors?
No, but it offers stability.While the average salary of $84,090 is below the national average, the cost of living in Akron is also at the national average, meaning your earnings have standard purchasing power. The market is stable with demand closely matching national trends.
Is Akron, OH a good place to live for Accountants and Auditors?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($76,530) and Cleveland, OH.
How does Akron's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Akron, OH, is $84,090, which is approximately 11% lower than the national average of $94,430.
What is the Cost of Living in Akron, OH?
Akron, OH, has a Cost of Living Index of 100, which is exactly the same as the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How concentrated is the Accountant and Auditor job market in Akron?
The Location Quotient for Accountants and Auditors in Akron is 0.93, indicating that the industry is slightly less concentrated than the national average, suggesting a balanced job market.
What is the total number of Accountants and Auditors in Akron?
There are approximately 2,800 Accountants and Auditors employed in the Akron, OH area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,800 employees in the Akron, OH area with a job density of 8.746 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Akron, OH