Average Accountants and Auditors Salary in Charlottesville, VA
Accountants and Auditors in Charlottesville, VA, earn an average annual salary of $88,200. This figure is slightly below the national average of $94,430, suggesting that while the demand is present, local economic factors or industry specifics may influence compensation levels compared to broader national trends. The concentration of these roles in Charlottesville is nearly on par with the national average, indicating a stable, albeit not exceptionally high, demand.
Executive Summary
- Average Salary: $88,200 per year.
- Growth Trend: Salaries have shifted 22.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,410.
- Outlook: With a local workforce of 1,070 Accountants and Auditors and a Location Quotient of 1.01, Charlottesville presents a stable job market for these professionals. The LQ being just above the national average suggests a healthy, slightly more concentrated presence of these roles than typically found nationwide, indicating consistent demand and opportunities within the local economy.
Salary Overview
The average Accountants and Auditors in Charlottesville, VA earns-6.6%below the national average.
$42.4
$1,696
$7,350
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Accountants and Auditors in Charlottesville has experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial expertise, and evolving regulatory landscapes likely contribute to a positive trajectory in compensation for these roles.
Accountants and Auditors Salary Distribution in Charlottesville, VA
Salary progression for Accountants and Auditors in Charlottesville, VA, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles. The widening gap between lower and higher percentile earnings clearly signifies robust career advancement opportunities and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,630 | $26.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,150 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,850 | $38.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,250 | $53 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,410 | $61.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$88,200
Gross Pay
Real Wage (Purchasing Power)
$88,200
Adjusted for COL (100)
For professionals considering a move to Charlottesville, VA, the average annual salary of $88,200 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Charlottesville is equivalent to the national average, offering no significant advantage or disadvantage in terms of real income.
Job Market Context
1,070
Total Jobs
9.457
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Charlottesville, VA has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
The Location Quotient of 1.01 for Accountants and Auditors in Charlottesville indicates a job market that is very closely aligned with the national average in terms of concentration. This suggests that the demand for these professionals is neither exceptionally high nor low relative to other occupations, implying a competitive but stable employment landscape for skilled individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Accountants and Auditors Salary | $77,120↓ 13% | 25 mi |
| Northern West Virginia nonmetropolitan area Accountants and Auditors Salary | $71,080↓ 19% | 25 mi |
| Southwest Virginia nonmetropolitan area Accountants and Auditors Salary | $80,240↓ 9% | 25 mi |
| Northwest Virginia nonmetropolitan area Accountants and Auditors Salary | $79,970↓ 9% | 25 mi |
| Southern West Virginia nonmetropolitan area Accountants and Auditors Salary | $69,580↓ 21% | 25 mi |
Comparing salaries near Charlottesville, VA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Charlottesville, VA?
The median annual salary for a Accountants and Auditors in Charlottesville, VA is $88,200. This typically ranges from $55,630 for entry-level positions to $127,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlottesville, VA is 6.6% lower than the national median of $94,430.
Is Charlottesville, VA a lucrative place for Accountants and Auditorss?
No, not exceptionally lucrative compared to the national average.While the average salary of $88,200 is substantial, it falls slightly below the national average. However, the cost of living is also at the national average, making the real income comparable.
Is Charlottesville, VA a good place to live for Accountants and Auditors?
The Cost of Living Index in Charlottesville, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlottesville, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($77,120) and Northern West Virginia nonmetropolitan area.
How does the number of Accountants and Auditors in Charlottesville compare nationally?
Charlottesville has 9.457 Accountants and Auditors per 1,000 workers, which is very close to the national average, indicating a similar level of employment concentration.
What is the total number of Accountants and Auditors in Charlottesville?
There are approximately 1,070 Accountants and Auditors employed in Charlottesville, VA.
Does experience impact salary for Accountants and Auditors in Charlottesville?
Yes, experience significantly impacts salary, with senior roles commanding higher compensation than entry-level positions, reflecting a clear career progression path.
Is the job market for Accountants and Auditors in Charlottesville growing?
While specific growth rates aren't provided, the stable Location Quotient suggests a consistent and healthy demand for these professionals in the local market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,070 employees in the Charlottesville, VA area with a job density of 9.457 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 Charlottesville, VA