Average Accountants and Auditors Salary in Boston-Cambridge-Newton, MA-NH
Accountants and Auditors in the Boston-Cambridge-Newton, MA-NH area earn an impressive average annual salary of $103,570, significantly exceeding the national average of $94,430. This elevated compensation is driven by the region's robust economic activity, concentration of financial services, and high demand for skilled financial professionals.
Executive Summary
- Average Salary: $103,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,740.
- Outlook: The job market for Accountants and Auditors in Boston-Cambridge-Newton, MA-NH is robust, evidenced by a substantial local workforce of 36,300 professionals. The Location Quotient of 1.43 indicates a higher concentration of these roles compared to the national average, suggesting strong and sustained demand within the region.
Salary Overview
The average Accountants and Auditors in Boston-Cambridge-Newton, MA-NH earns+9.7%above the national average.
$49.8
$1,992
$8,631
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the dynamic Boston-Cambridge-Newton, MA-NH market have experienced consistent growth over the past four years, mirroring broader economic trends and increasing demand for financial expertise.
Accountants and Auditors Salary Distribution in Boston-Cambridge-Newton, MA-NH
Salary progression for Accountants and Auditors in Boston-Cambridge-Newton, MA-NH typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles, reflecting a clear career growth trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,350 | $31.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,678 | $37.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,580 | $46.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,463 | $62.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,740 | $74.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$103,570
Gross Pay
Real Wage (Purchasing Power)
$103,570
Adjusted for COL (100)
The average annual salary of $103,570 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the higher nominal salary directly translates to strong purchasing power, allowing professionals to maintain a comparable standard of living to the national average.
Job Market Context
36,300
Total Jobs
13.405
Per 1K Jobs
1.43
Location Quotient
With a location quotient of 1.43, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.43, the Boston-Cambridge-Newton, MA-NH area exhibits a notable concentration of Accountants and Auditors relative to the rest of the country. This suggests a competitive yet abundant job market, where demand is higher than the national average, offering ample opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Accountants and Auditors Salary | $94,730↓ 9% | 24 mi |
| Worcester, MA Accountants and Auditors Salary | $95,370↓ 8% | 37 mi |
| Providence-Warwick, RI-MA Accountants and Auditors Salary | $96,450↓ 7% | 38 mi |
| Manchester-Nashua, NH Accountants and Auditors Salary | $89,100↓ 14% | 50 mi |
| Barnstable Town, MA Accountants and Auditors Salary | $93,940↓ 9% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
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Frequently Asked Questions
How much does a Accountants and Auditors make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Accountants and Auditors in Boston-Cambridge-Newton, MA-NH is $103,570. This typically ranges from $65,350 for entry-level positions to $154,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 9.7% higher than the national median of $94,430.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Accountants and Auditors?
Yes, it is a highly lucrative area for Accountants and Auditors.Professionals in this field earn significantly above the national average salary, and with a cost of living at the national average, their earnings provide excellent purchasing power.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Accountants and Auditors?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($94,730) and Worcester, MA.
How does the Boston-Cambridge-Newton, MA-NH salary compare to the national average?
The average annual salary for Accountants and Auditors in Boston-Cambridge-Newton, MA-NH is $103,570, which is approximately 9.7% higher than the national average of $94,430.
What does a Location Quotient of 1.43 mean for Accountants and Auditors?
A Location Quotient of 1.43 indicates that there are about 43% more Accountants and Auditors employed in the Boston-Cambridge-Newton, MA-NH area than would be expected based on the national average, signaling a strong regional demand.
How does the Cost of Living in Boston-Cambridge-Newton, MA-NH affect salary perception?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average. This means the higher average salary of $103,570 offers strong real purchasing power for residents.
What is the total number of Accountants and Auditors in the Boston-Cambridge-Newton, MA-NH area?
There are approximately 36,300 Accountants and Auditors working within the Boston-Cambridge-Newton, MA-NH metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 36,300 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 13.405 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 Boston-Cambridge-Newton, MA-NH