Average Accountants and Auditors Salary in Buffalo-Cheektowaga, NY
Accountants and Auditors in Buffalo-Cheektowaga, NY, earn an average annual salary of $91,260. This figure is slightly below the national average of $94,430, suggesting local market dynamics and demand play a significant role in compensation. While the nominal pay is close to the national benchmark, the cost of living in Buffalo-Cheektowaga is also at the national average, offering a balanced perspective on earning potential.
Executive Summary
- Average Salary: $91,260 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,900.
- Outlook: The Buffalo-Cheektowaga area supports a robust workforce of 5,130 Accountants and Auditors. With a Location Quotient of 1.03, the concentration of these professionals is marginally higher than the national average, indicating a stable and established demand for their services within the region. This suggests a healthy job market with consistent opportunities for skilled individuals in this field.
Salary Overview
The average Accountants and Auditors in Buffalo-Cheektowaga, NY earns-3.4%below the national average.
$43.9
$1,755
$7,605
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 Buffalo-Cheektowaga have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for financial expertise, and evolving regulatory landscapes likely contribute to upward pressure on compensation, ensuring that professionals in this field see their earning potential increase over time.
Accountants and Auditors Salary Distribution in Buffalo-Cheektowaga, NY
Career progression for Accountants and Auditors in Buffalo-Cheektowaga typically involves a significant salary increase from entry-level to senior positions. While the average salary stands at $91,260, experienced professionals, particularly those in senior or specialized roles, can command salaries well above this mark. The percentile gaps in earnings clearly signify the value placed on accumulated experience, specialized skills, and leadership responsibilities within the accounting profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,360 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,445 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,240 | $38.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,075 | $54.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,900 | $64.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$91,260
Gross Pay
Real Wage (Purchasing Power)
$91,260
Adjusted for COL (100)
The average annual salary of $91,260 for Accountants and Auditors in Buffalo-Cheektowaga, NY, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in Buffalo is equivalent to the national average. Therefore, relocating to Buffalo-Cheektowaga for this profession offers a financial experience comparable to the national standard, without the potential strain of a higher cost of living.
Job Market Context
5,130
Total Jobs
9.649
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Buffalo-Cheektowaga, NY has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.03, the Buffalo-Cheektowaga market exhibits a slightly higher concentration of Accountants and Auditors compared to the national average. This indicates a healthy, albeit not overwhelmingly saturated, job market for these professionals. The slight overrepresentation suggests a steady demand that meets or slightly exceeds the national supply, making it a competitive yet accessible market for skilled individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Accountants and Auditors Salary | $91,330↑ 0% | 65 mi |
| Erie, PA Accountants and Auditors Salary | $73,480↓ 19% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Buffalo-Cheektowaga, NY?
The median annual salary for a Accountants and Auditors in Buffalo-Cheektowaga, NY is $91,260. This typically ranges from $54,360 for entry-level positions to $133,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 3.4% lower than the national median of $94,430.
Is Buffalo-Cheektowaga, NY a lucrative place for Accountants and Auditors?
Yes, it offers competitive compensation relative to its cost of living.The average salary of $91,260 is strong, especially considering the local cost of living is exactly at the national average. This balance provides good earning potential for the profession.
Is Buffalo-Cheektowaga, NY a good place to live for Accountants and Auditors?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($91,330) and Erie, PA.
How does the Buffalo-Cheektowaga salary compare to the national average?
The average salary for Accountants and Auditors in Buffalo-Cheektowaga is $91,260, which is slightly lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Buffalo-Cheektowaga?
The concentration, measured by the Location Quotient, is 1.03, indicating a slightly higher presence of these professionals compared to the national average.
How does experience affect an Accountant's salary in Buffalo-Cheektowaga?
Experience significantly impacts salary, with senior-level professionals earning considerably more than entry-level accountants, reflecting a clear career progression path.
Is the cost of living high in Buffalo-Cheektowaga for Accountants?
No, the cost of living in Buffalo-Cheektowaga is at the national average (100), meaning the $91,260 salary offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,130 employees in the Buffalo-Cheektowaga, NY area with a job density of 9.649 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 Buffalo-Cheektowaga, NY