Average Accountants and Auditors Salary in Bloomington, IN
Accountants and Auditors in Bloomington, IN, earn an average annual salary of $79,420. This figure is notably below the national average of $94,430, suggesting that local market dynamics and potentially a lower demand for specialized accounting services contribute to this compensation difference. The specific economic landscape of Bloomington influences the pay scale for these vital financial professionals.
Executive Summary
- Average Salary: $79,420 per year.
- Growth Trend: Salaries have shifted 41.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,990.
- Outlook: The Bloomington, IN, job market for Accountants and Auditors shows a moderate presence, with a total local workforce of 430 professionals. The Location Quotient of 0.63 indicates that this profession is less concentrated in Bloomington compared to the national average, suggesting a stable but not exceptionally robust demand. With 5.887 jobs per 1,000 workers, the market offers consistent opportunities for skilled individuals.
Salary Overview
The average Accountants and Auditors in Bloomington, IN earns-15.9%below the national average.
$38.2
$1,527
$6,618
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Bloomington is not provided, it is reasonable to assume that the salaries for Accountants and Auditors in the area have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and increased demand for financial expertise typically drive upward salary adjustments for these roles, even in localized markets.
Accountants and Auditors Salary Distribution in Bloomington, IN
Salary progression for Accountants and Auditors in Bloomington, IN, typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay spectrum, while senior roles, requiring extensive expertise and leadership, command substantially higher compensation. The percentile gaps in salary distribution clearly signify the career advancement and increased earning potential available as professionals gain experience and specialize.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,850 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,565 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,830 | $35.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,275 | $47.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,990 | $58.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,420
Gross Pay
Real Wage (Purchasing Power)
$79,420
Adjusted for COL (100)
For professionals considering a move to Bloomington, IN, the nominal salary of $79,420 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant and Auditor's salary in Bloomington is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
430
Total Jobs
5.887
Per 1K Jobs
0.63
Location Quotient
Bloomington, IN has 0.63x 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 0.63 for Accountants and Auditors in Bloomington, IN, suggests that the job market is less saturated than the national average. While this indicates a lower concentration of professionals, it also implies a potentially competitive environment for securing roles, as the demand may not be as high as in more concentrated metropolitan areas. Employers may have a wider pool of candidates to choose from relative to the number of available positions.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Columbus, IN Accountants and Auditors Salary | $83,910↑ 6% | 33 mi |
| Indianapolis-Carmel-Greenwood, IN Accountants and Auditors Salary | $86,150↑ 8% | 47 mi |
| Northern Indiana nonmetropolitan area Accountants and Auditors Salary | $76,570↓ 4% | 49 mi |
| Southern Indiana nonmetropolitan area Accountants and Auditors Salary | $74,030↓ 7% | 49 mi |
| Central Indiana nonmetropolitan area Accountants and Auditors Salary | $75,010↓ 6% | 49 mi |
Comparing salaries near Bloomington, IN
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Bloomington, IN?
The median annual salary for a Accountants and Auditors in Bloomington, IN is $79,420. This typically ranges from $47,850 for entry-level positions to $121,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IN is 15.9% lower than the national median of $94,430.
Is Bloomington, IN a lucrative place for Accountants and Auditors?
No, not compared to the national average.While the cost of living is average, the average salary for Accountants and Auditors in Bloomington ($79,420) is significantly lower than the national average ($94,430).
Is Bloomington, IN a good place to live for Accountants and Auditors?
The Cost of Living Index in Bloomington, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IN?
Some top paying nearby cities include Columbus, IN ($83,910) and Indianapolis-Carmel-Greenwood, IN.
How does Bloomington's cost of living compare nationally?
Bloomington, IN, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What is the concentration of Accountants and Auditors in Bloomington?
The concentration of Accountants and Auditors in Bloomington is below the national average, indicated by a Location Quotient of 0.63. This suggests the profession is less prevalent in this specific area compared to the nation as a whole.
How many Accountants and Auditors are there in Bloomington?
There are approximately 430 Accountants and Auditors working in Bloomington, IN, representing 5.887 jobs per 1,000 workers in the local workforce.
Does experience significantly impact an Accountant's salary in Bloomington?
Yes, experience is a key factor in salary determination for Accountants and Auditors. Senior roles with greater responsibility and expertise command higher salaries than entry-level positions, reflecting a clear career progression path.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Bloomington, IN area with a job density of 5.887 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, IN