Average Accountants and Auditors Salary in Cape Girardeau, MO-IL
Accountants and Auditors in Cape Girardeau, MO-IL earn an average annual salary of $71,170. This figure is notably below the national average of $94,430, reflecting regional economic factors and local demand for accounting professionals. While the nominal salary is lower, understanding the local cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $71,170 per year.
- Growth Trend: Salaries have shifted 30.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,230.
- Outlook: The Cape Girardeau, MO-IL area supports a local workforce of 270 Accountants and Auditors. With a Location Quotient of 0.64, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust job market compared to national hubs. The rate of 6.045 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these professionals within the region.
Salary Overview
The average Accountants and Auditors in Cape Girardeau, MO-IL earns-24.6%below the national average.
$34.2
$1,369
$5,931
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Cape Girardeau is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and increasing demand for financial expertise likely contribute to upward pressure on wages, even in smaller metropolitan areas.
Accountants and Auditors Salary Distribution in Cape Girardeau, MO-IL
Career progression for Accountants and Auditors in Cape Girardeau, MO-IL typically involves salary increases with experience. Entry-level positions might start at a lower percentile, while senior roles and specialized positions command higher salaries, reflecting increased responsibility and expertise. The gap between entry-level and senior salaries signifies a clear path for career advancement and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,430 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,378 | $25.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,690 | $30.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,963 | $42.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,230 | $52.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$71,170
Gross Pay
Real Wage (Purchasing Power)
$71,170
Adjusted for COL (100)
The average annual salary of $71,170 in Cape Girardeau, MO-IL 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's or Auditor's salary in this region is equivalent to the national average, offering a stable financial standing relative to national benchmarks.
Job Market Context
270
Total Jobs
6.045
Per 1K Jobs
0.64
Location Quotient
Cape Girardeau, MO-IL has 0.64x 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 0.64, the market for Accountants and Auditors in Cape Girardeau, MO-IL is less concentrated than the national average. This suggests that while there may be fewer job openings compared to larger metropolitan areas, professionals in this field might face less direct competition for available positions. The market is moderately developed, offering opportunities without extreme saturation.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Paducah, KY-IL Accountants and Auditors Salary | $71,030↓ 0% | 53 mi |
| St. Louis, MO-IL Accountants and Auditors Salary | $84,050↑ 18% | 97 mi |
Comparing salaries near Cape Girardeau, MO-IL
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Cape Girardeau, MO-IL?
The median annual salary for a Accountants and Auditors in Cape Girardeau, MO-IL is $71,170. This typically ranges from $40,430 for entry-level positions to $109,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cape Girardeau, MO-IL is 24.6% lower than the national median of $94,430.
Is Cape Girardeau, MO-IL a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.The average salary of $71,170 is significantly lower than the national average of $94,430. However, the cost of living being at the national average means the salary's purchasing power is on par nationally.
Is Cape Girardeau, MO-IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Cape Girardeau, MO-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cape Girardeau, MO-IL?
Some top paying nearby cities include Paducah, KY-IL ($71,030) and St. Louis, MO-IL.
How does the Cape Girardeau Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Cape Girardeau, MO-IL is $71,170, which is considerably lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Cape Girardeau?
The concentration, measured by the Location Quotient, is 0.64, indicating that the presence of Accountants and Auditors in Cape Girardeau is below the national average.
How does the cost of living in Cape Girardeau affect salary perception?
With a Cost of Living Index of 100, Cape Girardeau is at the national average. This means the $71,170 salary has the same purchasing power as the national average salary, despite being nominally lower.
What is the total workforce size for Accountants and Auditors in Cape Girardeau?
There are approximately 270 Accountants and Auditors employed in the Cape Girardeau, MO-IL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Cape Girardeau, MO-IL area with a job density of 6.045 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 Cape Girardeau, MO-IL