Average Accountants and Auditors Salary in Bloomington, IL
Accountants and Auditors in Bloomington, IL, earn an average annual salary of $80,040. This figure is notably below the national average of $94,430, suggesting that local market dynamics and potentially a different economic landscape influence compensation in this Illinois city. Factors such as the size of local businesses and the overall demand within the region contribute to this pay differential.
Executive Summary
- Average Salary: $80,040 per year.
- Growth Trend: Salaries have shifted 9.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,420.
- Outlook: Bloomington, IL, supports a local workforce of 670 Accountants and Auditors. While the total number is modest, the Location Quotient of 0.79 indicates a slightly lower concentration of these professionals compared to the national average. This suggests a stable, albeit not exceptionally high, demand for accounting and auditing services within the Bloomington area.
Salary Overview
The average Accountants and Auditors in Bloomington, IL earns-15.2%below the national average.
$38.5
$1,539
$6,670
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Bloomington, IL is not provided, it is generally observed that salaries for Accountants and Auditors nationwide have seen consistent growth over the past four years. This trend is typically driven by increasing regulatory complexity, evolving business needs, and a steady demand for financial expertise, which likely extends to the Bloomington market as well.
Accountants and Auditors Salary Distribution in Bloomington, IL
Career progression for Accountants and Auditors in Bloomington, IL, is typically marked by significant salary increases with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in earnings clearly signify the value placed on expertise and tenure in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,840 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,030 | $28.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,820 | $36 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,050 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,420 | $62.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,040
Gross Pay
Real Wage (Purchasing Power)
$80,040
Adjusted for COL (100)
The average annual salary of $80,040 in Bloomington, IL, 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 Bloomington is equivalent to the national average. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer comparable financial stability.
Job Market Context
670
Total Jobs
7.454
Per 1K Jobs
0.79
Location Quotient
Bloomington, IL has 0.79x 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 0.79, Bloomington, IL, has a slightly lower concentration of Accountants and Auditors relative to the national average. This suggests that while the profession is present and necessary, the market may not be oversaturated. It indicates a balanced job market where opportunities exist without intense competition, making it a potentially favorable environment for skilled professionals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Accountants and Auditors Salary | $70,900↓ 11% | 9 mi |
| East Central Illinois nonmetropolitan area Accountants and Auditors Salary | $71,080↓ 11% | 9 mi |
| Northwest Illinois nonmetropolitan area Accountants and Auditors Salary | $68,420↓ 15% | 9 mi |
| South Illinois nonmetropolitan area Accountants and Auditors Salary | $70,190↓ 12% | 9 mi |
| Peoria, IL Accountants and Auditors Salary | $79,030↓ 1% | 39 mi |
Comparing salaries near Bloomington, IL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Bloomington, IL?
The median annual salary for a Accountants and Auditors in Bloomington, IL is $80,040. This typically ranges from $47,840 for entry-level positions to $130,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 15.2% lower than the national median of $94,430.
Is Bloomington, IL a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.The average salary of $80,040 is below the national average, although the cost of living is also at the national average, mitigating some of the difference.
Is Bloomington, IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($70,900) and East Central Illinois nonmetropolitan area.
How does the Bloomington, IL salary compare to the national average?
The average annual salary for Accountants and Auditors in Bloomington, IL, is $80,040, which is lower than the national average of $94,430.
What is the Cost of Living in Bloomington, IL?
Bloomington, IL has a Cost of Living Index of 100, which is exactly the national average, meaning living expenses are neither higher nor lower than the typical US city.
How many Accountants and Auditors are there in Bloomington, IL?
There are approximately 670 Accountants and Auditors working in Bloomington, IL, representing 7.454 jobs per 1,000 workers in the local economy.
Is the job market for Accountants and Auditors competitive in Bloomington, IL?
The market is moderately concentrated, with a Location Quotient of 0.79, suggesting a stable demand for professionals without extreme competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 670 employees in the Bloomington, IL area with a job density of 7.454 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 Bloomington, IL