Average Accountants and Auditors Salary in East Central Illinois nonmetropolitan area
Accountants and Auditors in the East Central Illinois nonmetropolitan area earn an average annual salary of $71,080. This figure is notably lower than the national average of $94,430, reflecting the economic dynamics and demand specific to nonmetropolitan regions. Factors such as local industry concentration and the overall economic scale of the area typically influence these salary benchmarks.
Executive Summary
- Average Salary: $71,080 per year.
- Growth Trend: Salaries have shifted 13.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,470.
- Outlook: The local market for Accountants and Auditors in East Central Illinois is characterized by a workforce of 890 professionals. With a Location Quotient of 0.66, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to more metropolitan areas. The presence of 6.23 jobs per 1,000 workers indicates a steady, albeit moderate, employment landscape for this profession within the region.
Salary Overview
The average Accountants and Auditors in East Central Illinois nonmetropolitan area earns-24.7%below the national average.
$34.2
$1,367
$5,923
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 nonmetropolitan areas like East Central Illinois have experienced gradual growth over the past four years, mirroring national trends. This upward movement is typically driven by inflation, increasing demand for financial expertise, and the need to retain skilled professionals in the face of evolving economic conditions.
Accountants and Auditors Salary Distribution in East Central Illinois nonmetropolitan area
Career progression for Accountants and Auditors in East Central Illinois is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, while senior and experienced professionals can command salaries well above the average. The widening gap between entry-level and senior salaries reflects the accumulation of specialized knowledge, leadership responsibilities, and proven track records that employers value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,750 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,310 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,110 | $30.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,850 | $42.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,470 | $49.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$71,080
Gross Pay
Real Wage (Purchasing Power)
$71,080
Adjusted for COL (100)
The average annual salary of $71,080 in East Central Illinois 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 this region is equivalent to that of their counterparts in a national average cost of living area. Therefore, the salary offers a comparable standard of living in terms of expenses.
Job Market Context
890
Total Jobs
6.23
Per 1K Jobs
0.66
Location Quotient
East Central Illinois nonmetropolitan area has 0.66x 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.
With a Location Quotient of 0.66, the job market for Accountants and Auditors in East Central Illinois is less concentrated than the national average. This indicates that while there are fewer of these professionals relative to other occupations compared to the national benchmark, the demand may be more specialized or less competitive. Employers might find it slightly more challenging to source specialized talent locally, potentially leading to competitive compensation for highly skilled individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Accountants and Auditors Salary | $80,040↑ 13% | 9 mi |
| Decatur, IL Accountants and Auditors Salary | $87,470↑ 23% | 34 mi |
| Champaign-Urbana, IL Accountants and Auditors Salary | $70,530↓ 1% | 41 mi |
| Peoria, IL Accountants and Auditors Salary | $79,030↑ 11% | 43 mi |
| Springfield, IL Accountants and Auditors Salary | $88,730↑ 25% | 53 mi |
Comparing salaries near East Central Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in East Central Illinois nonmetropolitan area?
The median annual salary for a Accountants and Auditors in East Central Illinois nonmetropolitan area is $71,080. This typically ranges from $42,750 for entry-level positions to $102,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Central Illinois nonmetropolitan area is 24.7% lower than the national median of $94,430.
Is East Central Illinois nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not compared to the national average.The average salary of $71,080 is significantly lower than the national average of $94,430, although the cost of living is on par with the national average.
Is East Central Illinois nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in East Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($80,040) and Decatur, IL.
How does the local workforce size affect job prospects for Accountants and Auditors?
A local workforce of 890 suggests a moderate pool of professionals. While not a large market, it indicates a stable presence of the profession, with opportunities likely tied to the specific needs of local businesses and industries.
What does a Location Quotient of 0.66 mean for Accountants and Auditors in this region?
A Location Quotient of 0.66 signifies that Accountants and Auditors are less concentrated in East Central Illinois compared to the national average. This could imply fewer job openings relative to the overall workforce, but also potentially less competition for available roles.
How does the cost of living in East Central Illinois compare to the national average?
The Cost of Living Index is 100, which is exactly the national average. This means that the expenses for housing, goods, and services in East Central Illinois are comparable to the national benchmark.
Are there many job opportunities for Accountants and Auditors per capita in this area?
With 6.23 jobs per 1,000 workers, the number of Accountant and Auditor positions per capita is moderate. This suggests a consistent, but not exceptionally high, level of demand for these professionals within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 890 employees in the East Central Illinois nonmetropolitan area area with a job density of 6.23 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 East Central Illinois nonmetropolitan area