Average Accountants and Auditors Salary in Decatur, IL
In Decatur, IL, Accountants and Auditors earn an average annual salary of $87,470. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within this specific region.
Executive Summary
- Average Salary: $87,470 per year.
- Growth Trend: Salaries have shifted 35.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $146,180.
- Outlook: Decatur, IL supports a local workforce of 340 Accountants and Auditors. With a Location Quotient of 0.79, the concentration of these professionals is slightly below the national average, indicating a stable but not exceptionally high demand relative to other occupations. The presence of 7.433 jobs per 1,000 workers suggests a consistent need for these financial experts within the local economy.
Salary Overview
The average Accountants and Auditors in Decatur, IL earns-7.4%below the national average.
$42.1
$1,682
$7,289
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Accountants and Auditors in Decatur, IL, have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Decatur, IL
The salary spectrum for Accountants and Auditors in Decatur, IL, naturally broadens with experience. Entry-level positions will command lower salaries, while senior roles, requiring extensive expertise and responsibility, will see significantly higher compensation. The percentile gaps between these levels are indicative of the clear career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,670 | $24.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,603 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,240 | $37.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,338 | $52.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $146,180 | $70.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$87,470
Gross Pay
Real Wage (Purchasing Power)
$87,470
Adjusted for COL (100)
With a Cost of Living Index of 100, Decatur, IL, is precisely at the national average. This means the nominal salary of $87,470 for Accountants and Auditors holds its purchasing power in line with the rest of the country. While the salary is below the national average, the equivalent cost of living ensures that the take-home pay is neither significantly enhanced nor diminished in terms of real value.
Job Market Context
340
Total Jobs
7.433
Per 1K Jobs
0.79
Location Quotient
Decatur, IL has 0.79x 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.
The Location Quotient of 0.79 for Accountants and Auditors in Decatur, IL, indicates that this profession is slightly less concentrated than the national average. This suggests that while there is a steady presence of these roles, the market may not be saturated, potentially offering opportunities for skilled professionals. It implies a balanced job market where demand is present but not overwhelmingly competitive.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Accountants and Auditors Salary | $70,900↓ 19% | 34 mi |
| East Central Illinois nonmetropolitan area Accountants and Auditors Salary | $71,080↓ 19% | 34 mi |
| Northwest Illinois nonmetropolitan area Accountants and Auditors Salary | $68,420↓ 22% | 34 mi |
| South Illinois nonmetropolitan area Accountants and Auditors Salary | $70,190↓ 20% | 34 mi |
| Springfield, IL Accountants and Auditors Salary | $88,730↑ 1% | 39 mi |
Comparing salaries near Decatur, IL
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Decatur, IL?
The median annual salary for a Accountants and Auditors in Decatur, IL is $87,470. This typically ranges from $51,670 for entry-level positions to $146,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, IL is 7.4% lower than the national median of $94,430.
Is Decatur, IL a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $87,470 is respectable, it falls below the national average of $94,430. However, the cost of living being at the national average means the purchasing power is equivalent.
Is Decatur, IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Decatur, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Decatur, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($70,900) and East Central Illinois nonmetropolitan area.
How does Decatur's Accountant salary compare to the national average?
Accountants and Auditors in Decatur, IL, earn an average of $87,470 annually, which is approximately $7,000 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Decatur, IL?
The Location Quotient for Accountants and Auditors in Decatur, IL, is 0.79, meaning the profession is slightly less concentrated than the national average.
How does the cost of living in Decatur, IL affect salary perception?
Decatur, IL, has a Cost of Living Index of 100, which is the national average. This means the $87,470 salary has the same purchasing power as the national average salary.
What is the total number of Accountants and Auditors in Decatur, IL?
There are approximately 340 Accountants and Auditors employed in Decatur, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Decatur, IL area with a job density of 7.433 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 Decatur, IL