Average Accountants and Auditors Salary in Cincinnati, OH-KY-IN
Accountants and Auditors in the Cincinnati, OH-KY-IN metropolitan area earn an average annual salary of $86,970. This figure is slightly below the national average of $94,430, a common occurrence in regions where local economic factors and industry concentration may influence compensation levels. Understanding these localized dynamics is crucial for financial professionals operating within this vibrant economic hub.
Executive Summary
- Average Salary: $86,970 per year.
- Growth Trend: Salaries have shifted 13.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,110.
- Outlook: The Cincinnati, OH-KY-IN area supports a substantial workforce of 9,960 Accountants and Auditors. With a Location Quotient of 0.97, the concentration of these professionals is nearly on par with the national average, indicating a stable and established demand for their services. The presence of over 9 jobs per 1,000 workers further underscores the consistent need for accounting and auditing expertise within the region's diverse industries.
Salary Overview
The average Accountants and Auditors in Cincinnati, OH-KY-IN earns-7.9%below the national average.
$41.8
$1,673
$7,248
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Accountants and Auditors across the United States, including the Cincinnati metropolitan area, have experienced steady growth over the past four years. This upward trend is typically driven by increasing complexity in financial regulations, evolving business needs, and a sustained demand for skilled financial professionals, suggesting a positive trajectory for compensation in this field.
Accountants and Auditors Salary Distribution in Cincinnati, OH-KY-IN
The career path for Accountants and Auditors in Cincinnati, OH-KY-IN, like elsewhere, demonstrates significant salary progression with experience. Entry-level positions typically command salaries at the lower percentiles, while seasoned professionals with specialized skills and extensive experience can achieve earnings in the upper percentiles. These percentile gaps highlight the substantial career growth and earning potential available as one advances through junior, mid-level, and senior accounting and auditing roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,700 | $24.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,228 | $31.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,860 | $37.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,713 | $52.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,110 | $62.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,970
Gross Pay
Real Wage (Purchasing Power)
$86,970
Adjusted for COL (100)
The nominal average annual salary of $86,970 for Accountants and Auditors in Cincinnati, OH-KY-IN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant's salary in Cincinnati is equivalent to the national average, offering a balanced financial landscape for residents.
Job Market Context
9,960
Total Jobs
9.115
Per 1K Jobs
0.97
Location Quotient
Cincinnati, OH-KY-IN has 0.97x 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 0.97, the job market for Accountants and Auditors in Cincinnati, OH-KY-IN is highly representative of the national landscape. This near-average concentration suggests a competitive yet accessible market, where opportunities are readily available without being overly saturated. Professionals can expect a healthy balance of demand and supply for their specialized skills within the region.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Dayton-Kettering-Beavercreek, OH Accountants and Auditors Salary | $86,560↓ 0% | 50 mi |
| Springfield, OH Accountants and Auditors Salary | $74,850↓ 14% | 69 mi |
| Lexington-Fayette, KY Accountants and Auditors Salary | $76,910↓ 12% | 73 mi |
| Columbus, IN Accountants and Auditors Salary | $83,910↓ 4% | 76 mi |
| Muncie, IN Accountants and Auditors Salary | $76,310↓ 12% | 89 mi |
Comparing salaries near Cincinnati, OH-KY-IN
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Frequently Asked Questions
How much does a Accountants and Auditors make in Cincinnati, OH-KY-IN?
The median annual salary for a Accountants and Auditors in Cincinnati, OH-KY-IN is $86,970. This typically ranges from $51,700 for entry-level positions to $130,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cincinnati, OH-KY-IN is 7.9% lower than the national median of $94,430.
Is Cincinnati, OH-KY-IN a lucrative place for Accountants and Auditors?
Yes, with caveats.While the average salary of $86,970 is slightly below the national average, the cost of living is also at the national average, making the effective purchasing power comparable. The stable job market with a near-average concentration of professionals indicates consistent opportunities.
Is Cincinnati, OH-KY-IN a good place to live for Accountants and Auditors?
The Cost of Living Index in Cincinnati, OH-KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cincinnati, OH-KY-IN?
Some top paying nearby cities include Dayton-Kettering-Beavercreek, OH ($86,560) and Springfield, OH.
How does the Cincinnati salary compare to the national average?
The average annual salary for Accountants and Auditors in Cincinnati, OH-KY-IN is $86,970, which is approximately 8.1% lower than the national average of $94,430.
What is the Cost of Living in Cincinnati, OH-KY-IN?
The Cost of Living Index in Cincinnati, OH-KY-IN is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the country.
How concentrated is the Accountant and Auditor job market in Cincinnati?
The job market for Accountants and Auditors in Cincinnati is nearly as concentrated as the national average, with a Location Quotient of 0.97, indicating a robust and stable presence of these roles.
What is the total number of Accountants and Auditors in Cincinnati?
There are approximately 9,960 Accountants and Auditors employed within the Cincinnati, OH-KY-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,960 employees in the Cincinnati, OH-KY-IN area with a job density of 9.115 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 Cincinnati, OH-KY-IN