Average Accountants and Auditors Salary in Daphne-Fairhope-Foley, AL
Accountants and Auditors in the Daphne-Fairhope-Foley, AL area earn an average annual salary of $74,240. This figure is notably below the national average of $94,430, suggesting localized economic factors or a different market dynamic are at play. The specific pay scale in this region is influenced by the concentration of businesses, demand for financial expertise, and the overall economic health of the Alabama Gulf Coast.
Executive Summary
- Average Salary: $74,240 per year.
- Growth Trend: Salaries have shifted 16.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,860.
- Outlook: The Daphne-Fairhope-Foley, AL area supports a local workforce of 870 Accountants and Auditors. With a Location Quotient of 1.1, this indicates a slightly higher concentration of these professionals compared to the national average. This suggests a stable, if not slightly robust, demand for accounting and auditing services within the region, implying a healthy job market for skilled individuals.
Salary Overview
The average Accountants and Auditors in Daphne-Fairhope-Foley, AL earns-21.4%below the national average.
$35.7
$1,428
$6,187
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 Daphne-Fairhope-Foley, AL have experienced gradual growth over the past four years, mirroring national trends. Economic development and increasing business activity in the region likely contribute to a steady upward trajectory in compensation, reflecting the evolving needs for financial oversight.
Accountants and Auditors Salary Distribution in Daphne-Fairhope-Foley, AL
Career progression for Accountants and Auditors in Daphne-Fairhope-Foley, AL typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring specialized skills and extensive experience, command higher salaries. The percentile gaps in compensation clearly signify the career ladder and the financial rewards associated with advancing expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,740 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,680 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,560 | $32 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,800 | $44.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,860 | $50.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,240
Gross Pay
Real Wage (Purchasing Power)
$74,240
Adjusted for COL (100)
The average annual salary of $74,240 for Accountants and Auditors in Daphne-Fairhope-Foley, AL aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of this salary is comparable to the national standard, offering a balanced financial standing for professionals considering relocation or residing in the area.
Job Market Context
870
Total Jobs
10.372
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Daphne-Fairhope-Foley, AL has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.1, the Daphne-Fairhope-Foley, AL market shows a slightly higher concentration of Accountants and Auditors than the national average. This suggests that while the demand is present and perhaps even a bit more pronounced than elsewhere, the market is not oversaturated, offering a competitive yet accessible environment for both employers seeking talent and professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Mobile, AL Accountants and Auditors Salary | $75,150↑ 1% | 14 mi |
| Pensacola-Ferry Pass-Brent, FL Accountants and Auditors Salary | $83,570↑ 13% | 43 mi |
| Gulfport-Biloxi, MS Accountants and Auditors Salary | $75,730↑ 2% | 72 mi |
| Crestview-Fort Walton Beach-Destin, FL Accountants and Auditors Salary | $84,020↑ 13% | 78 mi |
| Hattiesburg, MS Accountants and Auditors Salary | $74,510↑ 0% | 97 mi |
Comparing salaries near Daphne-Fairhope-Foley, AL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Daphne-Fairhope-Foley, AL?
The median annual salary for a Accountants and Auditors in Daphne-Fairhope-Foley, AL is $74,240. This typically ranges from $48,740 for entry-level positions to $105,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Daphne-Fairhope-Foley, AL is 21.4% lower than the national median of $94,430.
Is Daphne-Fairhope-Foley, AL a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $74,240 is solid, it falls below the national average of $94,430. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Daphne-Fairhope-Foley, AL a good place to live for Accountants and Auditors?
The Cost of Living Index in Daphne-Fairhope-Foley, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Daphne-Fairhope-Foley, AL?
Some top paying nearby cities include Mobile, AL ($75,150) and Pensacola-Ferry Pass-Brent, FL.
How does the Daphne-Fairhope-Foley, AL salary compare to the national average?
The average salary of $74,240 in Daphne-Fairhope-Foley, AL is approximately 21.4% lower than the national average of $94,430 for Accountants and Auditors.
What is the significance of the Location Quotient (LQ) for Accountants and Auditors in this area?
An LQ of 1.1 indicates that Daphne-Fairhope-Foley, AL has a slightly higher concentration of Accountants and Auditors per worker than the national average, suggesting a moderately strong local demand for these roles.
Does the cost of living affect the perceived value of the Accountant salary in Daphne-Fairhope-Foley, AL?
No, the cost of living index is exactly 100, meaning it matches the national average. Therefore, the $74,240 salary has a purchasing power equivalent to the national average, without being significantly impacted by local living expenses.
How many Accountants and Auditors are employed in the Daphne-Fairhope-Foley, AL area?
There are approximately 870 Accountants and Auditors employed within the Daphne-Fairhope-Foley, AL metropolitan area, representing about 10.372 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 870 employees in the Daphne-Fairhope-Foley, AL area with a job density of 10.372 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 Daphne-Fairhope-Foley, AL