Average Accountants and Auditors Salary in Central North Carolina nonmetropolitan area
Accountants and Auditors in Central North Carolina's nonmetropolitan areas earn an average annual salary of $77,440. This figure is notably below the national average of $94,430, reflecting regional economic factors and a lower concentration of specialized financial services compared to larger metropolitan hubs. The specific pay scale in this region is influenced by the local demand and the overall economic landscape of nonmetropolitan North Carolina.
Executive Summary
- Average Salary: $77,440 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,080.
- Outlook: The job market for Accountants and Auditors in this Central North Carolina nonmetropolitan area appears stable, with a total local workforce of 1,280 professionals. The Location Quotient of 0.58 indicates a lower concentration of these roles compared to the national average, suggesting a market that is not oversaturated but also not experiencing exceptionally high demand relative to national trends. The presence of 5.424 jobs per 1,000 workers signifies a consistent, albeit moderate, need for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Central North Carolina nonmetropolitan area earns-18.0%below the national average.
$37.2
$1,489
$6,453
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 United States, including in regions like Central North Carolina, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations, which necessitate skilled professionals and often lead to upward salary adjustments.
Accountants and Auditors Salary Distribution in Central North Carolina nonmetropolitan area
Salary progression for Accountants and Auditors in this region, as elsewhere, is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with several years of experience and advanced certifications can expect significantly higher compensation. The percentile gaps in salary distribution, from the lower end for junior roles to the upper percentiles for senior accountants and auditors, clearly signify the career growth and earning potential available within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,110 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,080 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,480 | $33.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,800 | $46.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,080 | $58.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$77,440
Gross Pay
Real Wage (Purchasing Power)
$77,440
Adjusted for COL (100)
The nominal average annual salary of $77,440 in Central North Carolina's nonmetropolitan areas aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of an Accountant's or Auditor's salary in this region is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, while the nominal salary is lower than the national average, the cost of living does not present a significant disadvantage in terms of real income.
Job Market Context
1,280
Total Jobs
5.424
Per 1K Jobs
0.58
Location Quotient
Central North Carolina nonmetropolitan area has 0.58x 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 0.58, the market for Accountants and Auditors in Central North Carolina's nonmetropolitan areas is less concentrated than the national average. This suggests that while the demand for these professionals exists, the supply is relatively lower compared to national benchmarks, potentially offering a less competitive environment for job seekers. However, it also implies that the specialized roles might be fewer, and career advancement opportunities could be more concentrated within larger firms or specific industries present in the region.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Accountants and Auditors Salary | $85,840↑ 11% | 32 mi |
| Pinehurst-Southern Pines, NC Accountants and Auditors Salary | $81,450↑ 5% | 36 mi |
| Burlington, NC Accountants and Auditors Salary | $84,070↑ 9% | 36 mi |
| Winston-Salem, NC Accountants and Auditors Salary | $83,750↑ 8% | 41 mi |
| Durham-Chapel Hill, NC Accountants and Auditors Salary | $96,370↑ 24% | 56 mi |
Comparing salaries near Central North Carolina nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Central North Carolina nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Central North Carolina nonmetropolitan area is $77,440. This typically ranges from $47,110 for entry-level positions to $122,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central North Carolina nonmetropolitan area is 18.0% lower than the national median of $94,430.
Is Central North Carolina nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not compared to the national average.The average salary of $77,440 is significantly lower than the national average of $94,430, although the cost of living is at the national average, mitigating some of the difference in purchasing power.
Is Central North Carolina nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Central North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($85,840) and Pinehurst-Southern Pines, NC.
How does the cost of living affect the salary in Central North Carolina?
The Cost of Living Index is 100, which is the national average. This means that the $77,440 salary has the same purchasing power as the national average salary in a national average cost of living area.
What does a Location Quotient of 0.58 mean for Accountants and Auditors?
A Location Quotient of 0.58 indicates that there are fewer Accountants and Auditors per worker in this region compared to the national average, suggesting a less concentrated but potentially less competitive job market.
How many Accountants and Auditors are there in this region?
There are approximately 1,280 Accountants and Auditors working in the Central North Carolina nonmetropolitan area.
Is the job market for Accountants and Auditors growing in this area?
While specific growth rates are not provided, the consistent number of jobs per 1,000 workers suggests a stable demand for accounting and auditing professionals in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,280 employees in the Central North Carolina nonmetropolitan area area with a job density of 5.424 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 North Carolina nonmetropolitan area