Average Accountants and Auditors Salary in Central Kentucky nonmetropolitan area
Accountants and Auditors in Central Kentucky's nonmetropolitan areas earn an average annual salary of $71,100. This figure is notably below the national average of $94,430, reflecting the economic dynamics and demand specific to this region. Factors such as local industry concentration and the overall economic output of nonmetropolitan areas often influence compensation levels compared to larger urban centers.
Executive Summary
- Average Salary: $71,100 per year.
- Growth Trend: Salaries have shifted 30.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,280.
- Outlook: With a local workforce of 1,050 Accountants and Auditors, the Central Kentucky nonmetropolitan area presents a moderate employment landscape for this profession. The Location Quotient of 0.64 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market is not saturated. The rate of 6.048 jobs per 1,000 workers further contextualizes the demand within this specific geographic segment.
Salary Overview
The average Accountants and Auditors in Central Kentucky nonmetropolitan area earns-24.7%below the national average.
$34.2
$1,367
$5,925
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Accountants and Auditors across the U.S. have experienced steady growth over the past four years, driven by inflation, increased demand for financial expertise, and evolving regulatory landscapes. This trend likely extends to Central Kentucky, albeit potentially at a different pace than in major metropolitan hubs.
Accountants and Auditors Salary Distribution in Central Kentucky nonmetropolitan area
Salary progression for Accountants and Auditors typically correlates strongly with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect significantly higher compensation. The widening gap between the 25th percentile (entry-level) and the 75th or 90th percentile (senior/specialized roles) clearly signifies the career advancement and earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,530 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,325 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,450 | $31.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,875 | $42.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,280 | $50.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$71,100
Gross Pay
Real Wage (Purchasing Power)
$71,100
Adjusted for COL (100)
The average annual salary of $71,100 in Central Kentucky's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer comparable lifestyle stability to other areas.
Job Market Context
1,050
Total Jobs
6.048
Per 1K Jobs
0.64
Location Quotient
Central Kentucky 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.
The Location Quotient (LQ) of 0.64 for Accountants and Auditors in Central Kentucky's nonmetropolitan area indicates that this profession is less concentrated here than the national average. An LQ below 1.0 suggests that the proportion of these workers in the local economy is smaller compared to the nation as a whole. This could imply a less competitive market for job seekers, but also potentially fewer specialized opportunities or a slower pace of industry innovation compared to more concentrated areas.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Accountants and Auditors Salary | $76,910↑ 8% | 28 mi |
| Elizabethtown, KY Accountants and Auditors Salary | $75,480↑ 6% | 66 mi |
| Louisville/Jefferson County, KY-IN Accountants and Auditors Salary | $81,950↑ 15% | 72 mi |
| Cincinnati, OH-KY-IN Accountants and Auditors Salary | $86,970↑ 22% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Central Kentucky nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Central Kentucky nonmetropolitan area is $71,100. This typically ranges from $43,530 for entry-level positions to $104,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 24.7% lower than the national median of $94,430.
Is Central Kentucky nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered lucrative compared to the national average.The average salary of $71,100 is significantly lower than the national average of $94,430, although the cost of living is on par with the national average.
Is Central Kentucky nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($76,910) and Elizabethtown, KY.
How does the local workforce size affect job prospects for Accountants and Auditors in Central Kentucky?
A local workforce of 1,050 indicates a moderate presence of the profession. While not a large market, it suggests a stable demand for accounting and auditing services within the region's economic structure.
What does a Location Quotient of 0.64 mean for Accountants and Auditors in this area?
A Location Quotient of 0.64 signifies that Accountants and Auditors are less concentrated in Central Kentucky's nonmetropolitan areas compared to the national average. This might mean fewer specialized roles but potentially less competition for general positions.
How does the cost of living in Central Kentucky compare to the national average for Accountants and Auditors?
The Cost of Living Index is 100, matching the national average. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard.
Are there many job openings for Accountants and Auditors in Central Kentucky's nonmetropolitan areas?
With 6.048 jobs per 1,000 workers, the rate suggests a steady, though not exceptionally high, demand for Accountants and Auditors within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,050 employees in the Central Kentucky nonmetropolitan area area with a job density of 6.048 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Accountants and Auditors Salaries by State
Top Jobs in Central Kentucky nonmetropolitan area
- All Occupations Salary in Central Kentucky nonmetropolitan area
- Production Occupations Salary in Central Kentucky nonmetropolitan area
- Office and Administrative Support Occupations Salary in Central Kentucky nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Central Kentucky nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Central Kentucky nonmetropolitan area
- Sales and Related Occupations Salary in Central Kentucky nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Central Kentucky nonmetropolitan area
- Management Occupations Salary in Central Kentucky nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Central Kentucky nonmetropolitan area
- Business and Financial Operations Occupations Salary in Central Kentucky nonmetropolitan area
- Browse All Jobs in Central Kentucky nonmetropolitan area →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Central Kentucky nonmetropolitan area