Average Accountants and Auditors Salary in East Kentucky nonmetropolitan area
Accountants and Auditors in the East Kentucky nonmetropolitan area earn an average annual salary of $67,570. This figure is notably lower than the national average of $94,430, reflecting the economic landscape and specific industry demands prevalent in this region. Local factors such as industry concentration and the overall economic output of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $67,570 per year.
- Growth Trend: Salaries have shifted 25.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,130.
- Outlook: The local workforce for Accountants and Auditors comprises 410 professionals, with 4.396 jobs per 1,000 workers. The Location Quotient of 0.47 indicates that this profession is less concentrated in East Kentucky compared to the national average. While the absolute number of professionals is modest, the demand relative to the national benchmark suggests a stable, albeit not booming, job market for these roles within the region.
Salary Overview
The average Accountants and Auditors in East Kentucky nonmetropolitan area earns-28.4%below the national average.
$32.5
$1,299
$5,631
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for the East Kentucky nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Accountants and Auditors over the past four years, mirroring national patterns. Economic recovery and evolving business needs typically drive incremental increases in compensation for skilled professionals in accounting and auditing roles.
Accountants and Auditors Salary Distribution in East Kentucky nonmetropolitan area
Salary progression for Accountants and Auditors typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior accountants and auditing managers, with extensive experience and specialized skills, command significantly higher salaries. The percentile gaps in salary distributions are a clear indicator of career advancement opportunities and the value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,210 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,678 | $24.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,050 | $29.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,463 | $40.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,130 | $48.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$67,570
Gross Pay
Real Wage (Purchasing Power)
$67,570
Adjusted for COL (100)
The nominal average salary of $67,570 in the East Kentucky nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of an accountant's salary in this region is comparable to that of an accountant earning the national average in a location with average living costs. Therefore, the salary offers a standard level of economic comfort relative to local expenses.
Job Market Context
410
Total Jobs
4.396
Per 1K Jobs
0.47
Location Quotient
At 0.47x, East Kentucky nonmetropolitan area has a notably lower concentration of Accountants and Auditors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.47, the market for Accountants and Auditors in the East Kentucky nonmetropolitan area is less concentrated than the national average. This suggests that the supply of these professionals may be relatively lower compared to the demand, potentially offering a competitive edge for skilled individuals entering the job market. However, it also indicates that the industry may not be a primary driver of regional employment.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Accountants and Auditors Salary | $76,910↑ 14% | 28 mi |
| Elizabethtown, KY Accountants and Auditors Salary | $75,480↑ 12% | 66 mi |
| Louisville/Jefferson County, KY-IN Accountants and Auditors Salary | $81,950↑ 21% | 72 mi |
| Cincinnati, OH-KY-IN Accountants and Auditors Salary | $86,970↑ 29% | 100 mi |
Comparing salaries near East Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in East Kentucky nonmetropolitan area?
The median annual salary for a Accountants and Auditors in East Kentucky nonmetropolitan area is $67,570. This typically ranges from $40,210 for entry-level positions to $100,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Kentucky nonmetropolitan area is 28.4% lower than the national median of $94,430.
Is East Kentucky nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered a highly lucrative area for Accountants and Auditors.The average salary of $67,570 is significantly below the national average, and the lower concentration of these roles (LQ of 0.47) suggests less robust market demand compared to national benchmarks.
Is East Kentucky nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in East Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($76,910) and Elizabethtown, KY.
How does the East Kentucky salary compare to the national average?
The average salary for Accountants and Auditors in East Kentucky's nonmetropolitan area is $67,570, which is substantially lower than the national average of $94,430.
What is the job market like for Accountants and Auditors in this region?
The job market is stable, with 410 professionals and 4.396 jobs per 1,000 workers, but the profession is less concentrated here than the national average (LQ of 0.47).
Does the cost of living affect the value of the salary?
No, the cost of living in East Kentucky's nonmetropolitan area is at the national average (100), meaning the $67,570 salary offers purchasing power equivalent to the national average salary in a national average cost-of-living area.
Are there good opportunities for career growth for Accountants and Auditors in East Kentucky?
While specific growth data isn't provided, salary progression typically occurs with experience, with senior roles commanding higher pay, indicating potential for advancement within the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the East Kentucky nonmetropolitan area area with a job density of 4.396 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 Kentucky nonmetropolitan area