Average Accountants and Auditors Salary in Detroit-Warren-Dearborn, MI
Accountants and Auditors in the Detroit-Warren-Dearborn, MI area earn an average annual salary of $91,040. This figure is slightly below the national average of $94,430, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the metropolitan area.
Executive Summary
- Average Salary: $91,040 per year.
- Growth Trend: Salaries have shifted 10.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,510.
- Outlook: The Detroit-Warren-Dearborn metropolitan area boasts a substantial workforce of 20,750 Accountants and Auditors. With a Location Quotient of 1.16, this indicates a concentration of these professionals that is 16% higher than the national average, signaling a robust and active job market with significant demand for accounting and auditing services.
Salary Overview
The average Accountants and Auditors in Detroit-Warren-Dearborn, MI earns-3.6%below the national average.
$43.8
$1,751
$7,587
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing profession in Detroit-Warren-Dearborn has experienced steady salary growth over the past four years, mirroring national trends. This growth is typically driven by increasing demand for financial expertise, evolving regulatory landscapes, and the need for skilled professionals to manage complex financial operations.
Accountants and Auditors Salary Distribution in Detroit-Warren-Dearborn, MI
Salary progression for Accountants and Auditors in Detroit-Warren-Dearborn typically scales with experience. Entry-level positions might fall into the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting a clear career trajectory and increasing earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,570 | $27.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,280 | $32.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,320 | $38.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,800 | $54.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,510 | $65.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$91,040
Gross Pay
Real Wage (Purchasing Power)
$91,040
Adjusted for COL (100)
The average annual salary of $91,040 in Detroit-Warren-Dearborn aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in this region is equivalent to the national average, offering stable financial stability without significant cost-of-living adjustments.
Job Market Context
20,750
Total Jobs
10.868
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Detroit-Warren-Dearborn, MI has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.16 for Accountants and Auditors in Detroit-Warren-Dearborn signifies a market where these professionals are more concentrated than the national average. This suggests a healthy demand and a competitive environment, where employers actively seek skilled individuals, and the presence of a larger talent pool can influence hiring dynamics.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Accountants and Auditors Salary | $83,200↓ 9% | 34 mi |
| Ann Arbor, MI Accountants and Auditors Salary | $85,680↓ 6% | 35 mi |
| Toledo, OH Accountants and Auditors Salary | $87,970↓ 3% | 54 mi |
| Flint, MI Accountants and Auditors Salary | $74,970↓ 18% | 58 mi |
| Sandusky, OH Accountants and Auditors Salary | $75,830↓ 17% | 64 mi |
Comparing salaries near Detroit-Warren-Dearborn, MI
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Frequently Asked Questions
How much does a Accountants and Auditors make in Detroit-Warren-Dearborn, MI?
The median annual salary for a Accountants and Auditors in Detroit-Warren-Dearborn, MI is $91,040. This typically ranges from $56,570 for entry-level positions to $135,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Detroit-Warren-Dearborn, MI is 3.6% lower than the national median of $94,430.
Is Detroit-Warren-Dearborn, MI a lucrative place for Accountants and Auditorss?
Yes, with a stable financial outlook.While the average salary is slightly below the national average, the cost of living is also at the national average, resulting in equivalent purchasing power. The strong concentration of professionals indicates a healthy job market.
Is Detroit-Warren-Dearborn, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Detroit-Warren-Dearborn, MI?
Some top paying nearby cities include Monroe, MI ($83,200) and Ann Arbor, MI.
How does the Detroit Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Detroit-Warren-Dearborn is $91,040, which is slightly lower than the national average of $94,430.
What is the Cost of Living in Detroit-Warren-Dearborn, MI for Accountants?
The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100, which is exactly the national average, indicating a balanced economic environment for salaries.
Is there high demand for Accountants in Detroit?
Yes, the Location Quotient of 1.16 suggests a higher-than-average concentration of Accountants and Auditors, indicating strong regional demand for these roles.
How many Accountants and Auditors are there in the Detroit area?
The Detroit-Warren-Dearborn metropolitan area is home to a significant workforce of 20,750 Accountants and Auditors.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 20,750 employees in the Detroit-Warren-Dearborn, MI area with a job density of 10.868 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 Detroit-Warren-Dearborn, MI