Average Accountants and Auditors Salary in Central Indiana nonmetropolitan area
Accountants and Auditors in Central Indiana's nonmetropolitan areas earn an average annual salary of $75,010. This figure is notably below the national average of $94,430, reflecting the unique economic dynamics and potentially lower demand for specialized financial roles in less urbanized regions. The pay scale in this area is directly influenced by local industry needs and the overall economic output of the nonmetropolitan landscape.
Executive Summary
- Average Salary: $75,010 per year.
- Growth Trend: Salaries have shifted 12.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,110.
- Outlook: The Central Indiana nonmetropolitan area supports a workforce of 960 Accountants and Auditors. With a Location Quotient of 0.64, the concentration of these professionals is below the national average, suggesting a less saturated but perhaps less robust job market. The rate of 5.969 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for accounting and auditing services within this specific geographic context.
Salary Overview
The average Accountants and Auditors in Central Indiana nonmetropolitan area earns-20.6%below the national average.
$36.1
$1,443
$6,251
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Accountants and Auditors in Central Indiana have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive modest annual increases in compensation for skilled professionals in finance and accounting.
Accountants and Auditors Salary Distribution in Central Indiana nonmetropolitan area
Salary progression for Accountants and Auditors in Central Indiana typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The gap between the 25th percentile (entry-level) and the 75th percentile (senior roles) signifies clear career advancement opportunities and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,500 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,258 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,910 | $33.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,763 | $45.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,110 | $53.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$75,010
Gross Pay
Real Wage (Purchasing Power)
$75,010
Adjusted for COL (100)
The average annual salary of $75,010 in the Central Indiana nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of an Accountant's or Auditor's income in this region is equivalent to that of someone earning the national average salary in a national average cost-of-living area.
Job Market Context
960
Total Jobs
5.969
Per 1K Jobs
0.64
Location Quotient
Central Indiana nonmetropolitan area 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.
A Location Quotient of 0.64 indicates that Accountants and Auditors are less concentrated in the Central Indiana nonmetropolitan area compared to the national average. This suggests that while the job market may not be as intensely competitive as in major metropolitan hubs, there is still a consistent need for these professionals. The lower concentration implies that skilled individuals may find a more accessible entry point into the local job market.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Accountants and Auditors Salary | $86,150↑ 15% | 8 mi |
| Kokomo, IN Accountants and Auditors Salary | $81,900↑ 9% | 43 mi |
| Columbus, IN Accountants and Auditors Salary | $83,910↑ 12% | 48 mi |
| Bloomington, IN Accountants and Auditors Salary | $79,420↑ 6% | 49 mi |
| Lafayette-West Lafayette, IN Accountants and Auditors Salary | $84,610↑ 13% | 50 mi |
Comparing salaries near Central Indiana nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in Central Indiana nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Central Indiana nonmetropolitan area is $75,010. This typically ranges from $44,500 for entry-level positions to $111,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Indiana nonmetropolitan area is 20.6% lower than the national median of $94,430.
Is Central Indiana nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not compared to the national average.The average salary of $75,010 is significantly lower than the national average of $94,430. However, the cost of living is also at the national average, meaning your earnings will have equivalent purchasing power locally.
Is Central Indiana nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Central Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($86,150) and Kokomo, IN.
What is the average salary for Accountants and Auditors in Central Indiana?
The average annual salary for Accountants and Auditors in Central Indiana's nonmetropolitan areas is $75,010.
How does the Central Indiana salary compare to the national average?
The average salary in Central Indiana ($75,010) is lower than the national average salary of $94,430 for Accountants and Auditors.
What is the Cost of Living in Central Indiana?
The Cost of Living Index in the Central Indiana nonmetropolitan area is 100, which is the national average.
How concentrated is the market for Accountants and Auditors in this region?
The market concentration, measured by the Location Quotient, is 0.64, indicating a lower presence of Accountants and Auditors compared 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 960 employees in the Central Indiana nonmetropolitan area area with a job density of 5.969 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 Central Indiana nonmetropolitan area