Average Accountants and Auditors Salary in Dover, DE
Accountants and Auditors in Dover, Delaware, earn an average annual salary of $74,950. This figure is notably below the national average of $94,430, suggesting that local economic factors and industry demand play a significant role in compensation within this specific geographic area. While the nominal salary is lower, understanding the local market dynamics is crucial for career planning.
Executive Summary
- Average Salary: $74,950 per year.
- Growth Trend: Salaries have shifted 16.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,600.
- Outlook: Dover, DE supports a local workforce of 680 Accountants and Auditors. With a Location Quotient of 1.06, the concentration of these professionals in Dover is slightly above the national average, indicating a stable and perhaps growing demand for their specialized skills within the region. The presence of nearly 10 jobs per 1,000 workers further underscores the consistent need for accounting and auditing expertise in the local economy.
Salary Overview
The average Accountants and Auditors in Dover, DE earns-20.6%below the national average.
$36
$1,441
$6,246
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Dover is not provided, it is reasonable to assume that salaries for Accountants and Auditors in this region have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and the increasing complexity of financial reporting typically drive upward pressure on compensation for skilled professionals in this field.
Accountants and Auditors Salary Distribution in Dover, DE
Salary progression for Accountants and Auditors in Dover, DE, typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while senior-level roles, requiring extensive expertise and leadership, command significantly higher salaries. The percentile gaps between junior and senior roles highlight clear career progression pathways and the increasing value placed on accumulated knowledge and specialized skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,900 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,213 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,740 | $33 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,688 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,600 | $52.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,950
Gross Pay
Real Wage (Purchasing Power)
$74,950
Adjusted for COL (100)
The average annual salary of $74,950 in Dover, DE, aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of an Accountant or Auditor in Dover is equivalent to that of their counterparts in a typical U.S. city, offering a balanced financial landscape.
Job Market Context
680
Total Jobs
9.96
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Dover, DE has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.06, Dover, DE, exhibits a slightly higher concentration of Accountants and Auditors compared to the national average. This suggests a healthy and competitive job market where demand is at least on par with, if not slightly exceeding, the national average. Professionals in this field can expect a robust environment with ample opportunities for employment and career advancement.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Sussex Delaware nonmetropolitan area Accountants and Auditors Salary | $78,590↑ 5% | 11 mi |
| Vineland, NJ Accountants and Auditors Salary | $95,170↑ 27% | 35 mi |
| Salisbury, MD Accountants and Auditors Salary | $79,440↑ 6% | 54 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Accountants and Auditors Salary | $96,390↑ 29% | 58 mi |
| Atlantic City-Hammonton, NJ Accountants and Auditors Salary | $90,810↑ 21% | 59 mi |
Comparing salaries near Dover, DE
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Frequently Asked Questions
How much does a Accountants and Auditors make in Dover, DE?
The median annual salary for a Accountants and Auditors in Dover, DE is $74,950. This typically ranges from $46,900 for entry-level positions to $108,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dover, DE is 20.6% lower than the national median of $94,430.
Is Dover, DE a lucrative place for Accountants and Auditors?
Yes, relative to the cost of living.While the nominal salary is below the national average, Dover, DE offers an equivalent purchasing power due to its national average cost of living. The slightly above-average concentration of these roles also indicates a stable job market.
Is Dover, DE a good place to live for Accountants and Auditors?
The Cost of Living Index in Dover, DE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dover, DE?
Some top paying nearby cities include Sussex Delaware nonmetropolitan area ($78,590) and Vineland, NJ.
How does experience impact an Accountant's salary in Dover, DE?
Experience significantly influences salary. Entry-level positions offer lower pay, while senior roles with extensive expertise command higher compensation, reflecting a clear career growth trajectory.
What is the job outlook for Accountants and Auditors in Dover, DE?
The outlook is positive, with a slightly higher concentration of these professionals than the national average and a healthy number of jobs per 1,000 workers, indicating consistent demand.
How does Dover, DE's cost of living compare to the national average?
Dover, DE has a Cost of Living Index of 100, which is exactly the national average, meaning expenses for goods and services are comparable to the typical U.S. city.
Is the Accountant and Auditor job market in Dover, DE saturated?
With a Location Quotient of 1.06, the market is slightly more concentrated than the national average, suggesting a healthy demand that keeps pace with the supply of professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the Dover, DE area with a job density of 9.96 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 Dover, DE