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Average Accountants and Auditors Salary in Arecibo, PR

Accountants and Auditors in Arecibo, Puerto Rico, earn an average annual salary of $36,900. This figure is significantly lower than the national average of $94,430, reflecting regional economic factors and the specific demand within the local market. While the nominal salary may seem modest, it's crucial to consider the local economic landscape when evaluating compensation.

Executive Summary

  • Average Salary: $36,900 per year.
  • Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $52,010.
  • Outlook: With a local workforce of 330 Accountants and Auditors, the job market in Arecibo demonstrates a stable presence. The Location Quotient of 1.01 indicates that the concentration of these professionals in Arecibo is very close to the national average, suggesting a consistent, albeit not exceptionally high, demand for their services within the region.
2024 Market Data

Salary Overview

$36,900

The average Accountants and Auditors in Arecibo, PR earns-60.9%below the national average.

BreakdownBased on 40h/week
Hourly

$17.7

Weekly

$710

Monthly

$3,075

Accountants and Auditors Salary Distribution in Arecibo, PR

Career progression for Accountants and Auditors in Arecibo, as elsewhere, is typically marked by increasing salary potential with experience. Entry-level positions will command lower salaries, while senior roles, requiring specialized knowledge and extensive experience, will see a significant increase. The percentile gaps in earnings underscore the opportunities for advancement and higher compensation as professionals develop their skills and take on more responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$23,860$11.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$27,675$13.3
ManagerOversees team, compliance, and project delivery.50% (Median)$32,360$15.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$46,125$22.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$52,010$25

Detailed Accountants and Auditors Market Analysis

Relocation Context

Nominal Salary

$36,900

Gross Pay

Real Wage (Purchasing Power)

$36,900

Adjusted for COL (100)

The average annual salary of $36,900 in Arecibo aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of an Accountant and Auditor's salary in Arecibo is comparable to that of their counterparts across the United States, offering a balanced financial environment for residents.

Job Market Context

330

Total Jobs

9.519

Per 1K Jobs

1.01

Location Quotient

Above Average

With a location quotient of 1.01, Arecibo, PR has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.

A Location Quotient of 1.01 for Accountants and Auditors in Arecibo suggests that the concentration of these professionals is nearly identical to the national average. This indicates a balanced job market where demand and supply are relatively stable, without significant oversupply or undersupply of talent, making it a moderately competitive environment for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Accountants and Auditors

CitySalaryDist.
Puerto Rico nonmetropolitan area Accountants and Auditors Salary$34,460↓ 7%19 mi
Aguadilla, PR Accountants and Auditors Salary$36,550↓ 1%27 mi
Mayaguez, PR Accountants and Auditors Salary$39,560↑ 7%29 mi
Ponce, PR Accountants and Auditors Salary$36,900- 0%31 mi
San Juan-Bayamon-Caguas, PR Accountants and Auditors Salary$44,970↑ 22%45 mi

Comparing salaries near Arecibo, PR

Hiring Accountants and Auditorss?

Frequently Asked Questions

How much does a Accountants and Auditors make in Arecibo, PR?

The median annual salary for a Accountants and Auditors in Arecibo, PR is $36,900. This typically ranges from $23,860 for entry-level positions to $52,010 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Arecibo, PR is 60.9% lower than the national median of $94,430.

Is Arecibo, PR a lucrative place for Accountants and Auditors?

No, not exceptionally lucrative compared to national averages.While the cost of living is at the national average, the average salary of $36,900 is substantially lower than the national average of $94,430.

Is Arecibo, PR a good place to live for Accountants and Auditors?

The Cost of Living Index in Arecibo, PR is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Arecibo, PR?

Some top paying nearby cities include Puerto Rico nonmetropolitan area ($34,460) and Aguadilla, PR.

What is the average salary for Accountants and Auditors in Arecibo, PR?

The average annual salary for Accountants and Auditors in Arecibo, PR is $36,900.

How does Arecibo's cost of living compare to the national average?

Arecibo's cost of living index is 100, which is exactly the national average.

Is there high demand for Accountants and Auditors in Arecibo?

The Location Quotient of 1.01 indicates that the concentration of Accountants and Auditors is very close to the national average, suggesting a stable but not exceptionally high demand.

How many Accountants and Auditors are there in Arecibo?

There are approximately 330 Accountants and Auditors working in Arecibo.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Arecibo, PR area with a job density of 9.519 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Arecibo, PR