Average Accountants and Auditors Salary in Ann Arbor, MI
Accountants and Auditors in Ann Arbor, MI, earn an average annual salary of $85,680. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this Michigan city.
Executive Summary
- Average Salary: $85,680 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,860.
- Outlook: Ann Arbor hosts a local workforce of 1,660 Accountants and Auditors. The location quotient of 0.81 indicates a slightly lower concentration of these professionals compared to the national average, suggesting a stable but not overly saturated job market. With 7.638 jobs per 1,000 workers, the demand appears consistent, offering a solid employment base for skilled individuals in this field.
Salary Overview
The average Accountants and Auditors in Ann Arbor, MI earns-9.3%below the national average.
$41.2
$1,648
$7,140
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Accountants and Auditors in Ann Arbor have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Ann Arbor, MI
Salary progression for Accountants and Auditors in Ann Arbor is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command significantly higher compensation. The percentile gaps in salary distribution clearly signify the career advancement opportunities and the rewards associated with accumulating years of experience and specialized skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,550 | $26.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,260 | $30.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,810 | $37.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,100 | $51.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,860 | $60.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$85,680
Gross Pay
Real Wage (Purchasing Power)
$85,680
Adjusted for COL (100)
The average annual salary of $85,680 in Ann Arbor aligns precisely with the national average cost of living index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Ann Arbor is comparable to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
1,660
Total Jobs
7.638
Per 1K Jobs
0.81
Location Quotient
Ann Arbor, MI has 0.81x 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.
With a location quotient of 0.81, Ann Arbor's market for Accountants and Auditors is slightly less concentrated than the national average. This suggests that while the profession is well-represented, there isn't an overwhelming surplus of professionals, potentially leading to a competitive yet accessible job market for qualified individuals seeking opportunities.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Accountants and Auditors Salary | $83,200↓ 3% | 31 mi |
| Jackson, MI Accountants and Auditors Salary | $78,010↓ 9% | 34 mi |
| Detroit-Warren-Dearborn, MI Accountants and Auditors Salary | $91,040↑ 6% | 35 mi |
| Toledo, OH Accountants and Auditors Salary | $87,970↑ 3% | 43 mi |
| Flint, MI Accountants and Auditors Salary | $74,970↓ 13% | 52 mi |
Comparing salaries near Ann Arbor, MI
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Ann Arbor, MI?
The median annual salary for a Accountants and Auditors in Ann Arbor, MI is $85,680. This typically ranges from $55,550 for entry-level positions to $125,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ann Arbor, MI is 9.3% lower than the national median of $94,430.
Is Ann Arbor, MI a lucrative place for Accountants and Auditors?
No, not more lucrative than the national average.While Ann Arbor offers a stable job market for Accountants and Auditors, the average salary of $85,680 is below the national average of $94,430. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Ann Arbor, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Ann Arbor, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ann Arbor, MI?
Some top paying nearby cities include Monroe, MI ($83,200) and Jackson, MI.
What is the average salary for an Accountant or Auditor in Ann Arbor, MI?
The average annual salary for Accountants and Auditors in Ann Arbor, MI is $85,680.
How does Ann Arbor's cost of living compare to the national average?
Ann Arbor's cost of living index is 100, which is exactly the national average.
Is the job market for Accountants and Auditors strong in Ann Arbor?
The job market appears stable with 7.638 jobs per 1,000 workers and a location quotient of 0.81, indicating consistent demand without extreme saturation.
How does experience affect an Accountant's salary in Ann Arbor?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher compensation, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,660 employees in the Ann Arbor, MI area with a job density of 7.638 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 Ann Arbor, MI