Average Accountants and Auditors Salary in Cleveland, OH
Accountants and Auditors in Cleveland, OH, earn an average annual salary of $86,310. This figure is slightly below the national average of $94,430, suggesting that while Cleveland offers a competitive environment for these professionals, regional economic factors and demand dynamics play a role in compensation.
Executive Summary
- Average Salary: $86,310 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,090.
- Outlook: Cleveland boasts a substantial workforce of 11,530 Accountants and Auditors, indicating a significant presence of these roles within the local economy. The Location Quotient of 1.18 further underscores this, signifying a concentration of these professionals that is 18% higher than the national average, pointing to a robust and potentially growing demand for their services.
Salary Overview
The average Accountants and Auditors in Cleveland, OH earns-8.6%below the national average.
$41.5
$1,660
$7,193
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Accountants and Auditors in Cleveland have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing regulatory complexity, evolving business needs, and inflation typically drive upward salary adjustments in this essential profession.
Accountants and Auditors Salary Distribution in Cleveland, OH
The career trajectory for Accountants and Auditors in Cleveland typically involves significant salary progression based on experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well into the higher percentiles, reflecting a clear reward for accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,340 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,733 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,360 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,888 | $51.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,090 | $63 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,310
Gross Pay
Real Wage (Purchasing Power)
$86,310
Adjusted for COL (100)
The average annual salary of $86,310 for Accountants and Auditors in Cleveland aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary in Cleveland is equivalent to the national average, offering a stable financial standing for professionals relocating to or residing in the city.
Job Market Context
11,530
Total Jobs
11.122
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Cleveland, OH has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.18, Cleveland presents a market where Accountants and Auditors are more concentrated than the national average. This suggests a healthy demand and a competitive landscape, where employers may need to offer competitive compensation to attract and retain top talent, while also indicating a strong network and potential for career advancement within the region.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Accountants and Auditors Salary | $84,090↓ 3% | 29 mi |
| Canton-Massillon, OH Accountants and Auditors Salary | $76,530↓ 11% | 49 mi |
| Sandusky, OH Accountants and Auditors Salary | $75,830↓ 12% | 53 mi |
| Youngstown-Warren, OH Accountants and Auditors Salary | $75,540↓ 12% | 60 mi |
| Mansfield, OH Accountants and Auditors Salary | $72,330↓ 16% | 66 mi |
Comparing salaries near Cleveland, OH
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Cleveland, OH?
The median annual salary for a Accountants and Auditors in Cleveland, OH is $86,310. This typically ranges from $50,340 for entry-level positions to $131,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 8.6% lower than the national median of $94,430.
Is Cleveland, OH a lucrative place for Accountants and Auditors?
Yes, Cleveland offers a stable financial environment for Accountants and Auditors.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The strong concentration of these roles indicates a healthy job market.
Is Cleveland, OH a good place to live for Accountants and Auditors?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($84,090) and Canton-Massillon, OH.
How does Cleveland's Accountant and Auditor salary compare to the national average?
The average annual salary for Accountants and Auditors in Cleveland is $86,310, which is approximately 8.6% lower than the national average of $94,430.
What is the significance of Cleveland's Location Quotient for Accountants and Auditors?
A Location Quotient of 1.18 indicates that Accountants and Auditors are 18% more concentrated in Cleveland than the national average, suggesting a strong local demand and a significant professional community.
How does the cost of living in Cleveland affect the salary for Accountants and Auditors?
Cleveland's cost of living index is 100, matching the national average. This means the $86,310 salary has the same purchasing power in Cleveland as the national average salary would have nationwide.
What is the total number of Accountants and Auditors employed in Cleveland, OH?
There are approximately 11,530 Accountants and Auditors employed in the Cleveland, OH area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,530 employees in the Cleveland, OH area with a job density of 11.122 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 Cleveland, OH
- All Occupations Salary in Cleveland, OH
- Office and Administrative Support Occupations Salary in Cleveland, OH
- Food Preparation and Serving Related Occupations Salary in Cleveland, OH
- Transportation and Material Moving Occupations Salary in Cleveland, OH
- Healthcare Practitioners and Technical Occupations Salary in Cleveland, OH
- Production Occupations Salary in Cleveland, OH
- Sales and Related Occupations Salary in Cleveland, OH
- Management Occupations Salary in Cleveland, OH
- Business and Financial Operations Occupations Salary in Cleveland, OH
- Educational Instruction and Library Occupations Salary in Cleveland, OH
- Browse All Jobs in Cleveland, OH →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Cleveland, OH