Average Accountants and Auditors Salary in Champaign-Urbana, IL
Accountants and Auditors in Champaign-Urbana, IL, can expect an average annual salary of $70,530. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation within this metropolitan area.
Executive Summary
- Average Salary: $70,530 per year.
- Growth Trend: Salaries have shifted 2.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $96,680.
- Outlook: The Champaign-Urbana area supports a local workforce of 680 Accountants and Auditors. While the Location Quotient of 0.69 indicates a slightly lower concentration compared to the national average, the presence of nearly 6.5 jobs per 1,000 workers suggests a stable, albeit not booming, demand for these professionals within the region.
Salary Overview
The average Accountants and Auditors in Champaign-Urbana, IL earns-25.3%below the national average.
$33.9
$1,356
$5,878
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 Champaign-Urbana have experienced gradual growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Champaign-Urbana, IL
Career progression for Accountants and Auditors in Champaign-Urbana is typically marked by a significant increase in earning potential. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries well into the higher percentiles, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,540 | $24.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,898 | $25.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,620 | $31.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,163 | $42.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $96,680 | $46.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$70,530
Gross Pay
Real Wage (Purchasing Power)
$70,530
Adjusted for COL (100)
The average annual salary of $70,530 in Champaign-Urbana aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in this area is equivalent to the national average, offering a balanced lifestyle without the premium often associated with higher cost-of-living cities.
Job Market Context
680
Total Jobs
6.473
Per 1K Jobs
0.69
Location Quotient
Champaign-Urbana, IL has 0.69x 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 0.69, the Champaign-Urbana market for Accountants and Auditors is less concentrated than the national average. This suggests that while opportunities exist, the job market may be less competitive, potentially offering a more favorable environment for job seekers compared to highly saturated metropolitan areas.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Accountants and Auditors Salary | $87,470↑ 24% | 39 mi |
| West Central Illinois nonmetropolitan area Accountants and Auditors Salary | $70,900↑ 1% | 41 mi |
| East Central Illinois nonmetropolitan area Accountants and Auditors Salary | $71,080↑ 1% | 41 mi |
| Northwest Illinois nonmetropolitan area Accountants and Auditors Salary | $68,420↓ 3% | 41 mi |
| South Illinois nonmetropolitan area Accountants and Auditors Salary | $70,190↓ 0% | 41 mi |
Comparing salaries near Champaign-Urbana, IL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Champaign-Urbana, IL?
The median annual salary for a Accountants and Auditors in Champaign-Urbana, IL is $70,530. This typically ranges from $50,540 for entry-level positions to $96,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Champaign-Urbana, IL is 25.3% lower than the national median of $94,430.
Is Champaign-Urbana, IL a lucrative place for Accountants and Auditors?
No, not compared to the national average.The average salary of $70,530 is significantly lower than the national average of $94,430. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Champaign-Urbana, IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Champaign-Urbana, IL?
Some top paying nearby cities include Decatur, IL ($87,470) and West Central Illinois nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 680 indicates a moderate-sized pool of professionals, suggesting a steady but not overwhelming number of available positions for Accountants and Auditors in Champaign-Urbana.
What does a Location Quotient of 0.69 mean for Accountants?
A Location Quotient below 1.0 signifies that Accountants and Auditors are less prevalent in Champaign-Urbana compared to the national average, potentially indicating fewer specialized roles but also less competition.
How does the Cost of Living Index impact salary perception?
With a Cost of Living Index of 100, the $70,530 salary in Champaign-Urbana offers the same purchasing power as the national average salary, indicating a stable economic environment for residents.
Are there many job openings for Accountants and Auditors in Champaign-Urbana?
With 6.473 jobs per 1,000 workers, there is a consistent demand for Accountants and Auditors, though the lower concentration suggests the market is not saturated.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the Champaign-Urbana, IL area with a job density of 6.473 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 Champaign-Urbana, IL