Average Accountants and Auditors Salary in Binghamton, NY
Accountants and Auditors in Binghamton, NY earn an average annual salary of $86,560, which is below the national average of $94,430. This differential is often influenced by the specific economic landscape and demand within a metropolitan area, reflecting local industry needs and the overall cost structure of businesses operating in the region.
Executive Summary
- Average Salary: $86,560 per year.
- Growth Trend: Salaries have shifted 18.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,440.
- Outlook: With a local workforce of 620 Accountants and Auditors, Binghamton presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.69 suggests that while the profession is present, it is less concentrated than the national average, indicating a moderate level of demand relative to the broader U.S. employment landscape.
Salary Overview
The average Accountants and Auditors in Binghamton, NY earns-8.3%below the national average.
$41.6
$1,665
$7,213
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Binghamton is not provided, it is generally observed that salaries for skilled professions like Accountants and Auditors have seen consistent growth over the past four years across most U.S. markets. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Binghamton, NY
Career progression for Accountants and Auditors in Binghamton, as elsewhere, is strongly tied to experience. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with specialized skills and extensive experience can command significantly higher compensation. The increasing salary percentiles reflect the growing responsibilities and expertise gained over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,380 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,920 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,100 | $38 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,200 | $52 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,440 | $60.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,560
Gross Pay
Real Wage (Purchasing Power)
$86,560
Adjusted for COL (100)
The average annual salary of $86,560 in Binghamton aligns perfectly 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 Binghamton is equivalent to the national average, offering a balanced financial environment where income effectively meets expenditure expectations.
Job Market Context
620
Total Jobs
6.453
Per 1K Jobs
0.69
Location Quotient
Binghamton, NY has 0.69x 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.
A Location Quotient of 0.69 indicates that Accountants and Auditors are less concentrated in Binghamton compared to the national average. This suggests that while the job market is not saturated, there may be fewer specialized opportunities or a lower overall density of these professionals relative to other industries within the city.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Accountants and Auditors Salary | $88,760↑ 3% | 39 mi |
| Elmira, NY Accountants and Auditors Salary | $88,310↑ 2% | 46 mi |
| Southwest New York nonmetropolitan area Accountants and Auditors Salary | $89,680↑ 4% | 49 mi |
| Central East New York nonmetropolitan area Accountants and Auditors Salary | $87,370↑ 1% | 49 mi |
| Capital/Northern New York nonmetropolitan area Accountants and Auditors Salary | $83,730↓ 3% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Binghamton, NY?
The median annual salary for a Accountants and Auditors in Binghamton, NY is $86,560. This typically ranges from $50,380 for entry-level positions to $125,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 8.3% lower than the national median of $94,430.
Is Binghamton, NY a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $86,560 is respectable, it falls short of the national average of $94,430. However, the cost of living being at the national average provides a neutral financial standing.
Is Binghamton, NY a good place to live for Accountants and Auditors?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($88,760) and Elmira, NY.
How does the Binghamton salary compare to the national average?
The average salary for Accountants and Auditors in Binghamton, NY is $86,560, which is approximately $7,870 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Binghamton?
The concentration, measured by the Location Quotient, is 0.69, indicating that this profession is less prevalent in Binghamton than the national average.
How does the cost of living affect the salary in Binghamton?
The cost of living in Binghamton is exactly at the national average (100), meaning the $86,560 salary has the same purchasing power as the national average salary.
What is the total number of Accountants and Auditors in Binghamton?
There are approximately 620 Accountants and Auditors employed in the Binghamton, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 620 employees in the Binghamton, NY area with a job density of 6.453 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 Binghamton, NY