Average Accountants and Auditors Salary in Elkhart-Goshen, IN
Accountants and Auditors in the Elkhart-Goshen, IN area earn an average annual salary of $84,170. This figure is notably below the national average of $94,430, suggesting that local market dynamics and industry demand play a significant role in compensation within this region. Factors such as the specific economic landscape and the concentration of businesses requiring accounting services contribute to this pay differential.
Executive Summary
- Average Salary: $84,170 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,790.
- Outlook: The Elkhart-Goshen area supports a local workforce of 980 Accountants and Auditors. With a location quotient of 0.81, 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 nearly 8 professionals per 1,000 workers suggests a consistent need for accounting services within the local economy.
Salary Overview
The average Accountants and Auditors in Elkhart-Goshen, IN earns-10.9%below the national average.
$40.5
$1,619
$7,014
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Elkhart-Goshen is not provided, it is generally assumed that the accounting and auditing field has experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing regulatory complexity and the continuous need for financial oversight across businesses of all sizes, likely leading to modest salary increases in the region.
Accountants and Auditors Salary Distribution in Elkhart-Goshen, IN
Salary progression for Accountants and Auditors in Elkhart-Goshen, IN, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries, potentially reaching the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise and proven track records in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,310 | $25.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,128 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,400 | $38.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,213 | $50.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,790 | $60 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$84,170
Gross Pay
Real Wage (Purchasing Power)
$84,170
Adjusted for COL (100)
With an average annual salary of $84,170 and a Cost of Living Index at the national average of 100, Accountants and Auditors in Elkhart-Goshen, IN, find their nominal earnings align closely with the national cost of living. This means that while the salary is below the national average, the purchasing power of that income is likely comparable to what an accountant might experience in a higher-cost national average area.
Job Market Context
980
Total Jobs
7.626
Per 1K Jobs
0.81
Location Quotient
Elkhart-Goshen, IN has 0.81x 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 0.81 for Accountants and Auditors in Elkhart-Goshen, IN, indicates that this profession is slightly less concentrated than the national average. This suggests that while there is a solid presence of accounting professionals, the market is not oversaturated, potentially offering good opportunities for skilled individuals entering or advancing within the field.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Accountants and Auditors Salary | $82,030↓ 3% | 16 mi |
| Niles, MI Accountants and Auditors Salary | $80,750↓ 4% | 18 mi |
| Kalamazoo-Portage, MI Accountants and Auditors Salary | $80,180↓ 5% | 45 mi |
| Michigan City-La Porte, IN Accountants and Auditors Salary | $77,800↓ 8% | 47 mi |
| Battle Creek, MI Accountants and Auditors Salary | $80,880↓ 4% | 56 mi |
Comparing salaries near Elkhart-Goshen, IN
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Frequently Asked Questions
How much does a Accountants and Auditors make in Elkhart-Goshen, IN?
The median annual salary for a Accountants and Auditors in Elkhart-Goshen, IN is $84,170. This typically ranges from $53,310 for entry-level positions to $124,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elkhart-Goshen, IN is 10.9% lower than the national median of $94,430.
Is Elkhart-Goshen, IN a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.The average salary of $84,170 is below the national average of $94,430, although the cost of living is at the national average, making the purchasing power comparable.
Is Elkhart-Goshen, IN a good place to live for Accountants and Auditors?
The Cost of Living Index in Elkhart-Goshen, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elkhart-Goshen, IN?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($82,030) and Niles, MI.
What is the average salary for Accountants and Auditors in Elkhart-Goshen, IN?
The average annual salary for Accountants and Auditors in Elkhart-Goshen, IN is $84,170.
How does the Elkhart-Goshen salary compare to the national average?
The average salary in Elkhart-Goshen ($84,170) is lower than the national average ($94,430).
What is the Cost of Living Index in Elkhart-Goshen, IN?
The Cost of Living Index in Elkhart-Goshen, IN is 100, which is the national average.
How concentrated is the market for Accountants and Auditors in Elkhart-Goshen, IN?
The market concentration, measured by the location quotient, is 0.81, indicating it is slightly less concentrated than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 980 employees in the Elkhart-Goshen, IN area with a job density of 7.626 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 Elkhart-Goshen, IN