Average Accountants and Auditors Salary in Florence-Muscle Shoals, AL
Accountants and Auditors in Florence-Muscle Shoals, AL, earn an average annual salary of $71,890. This figure is notably below the national average of $94,430, suggesting localized economic factors and potentially a different market demand influence pay rates in this region. Understanding these regional nuances is key for financial professionals.
Executive Summary
- Average Salary: $71,890 per year.
- Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,230.
- Outlook: The Florence-Muscle Shoals area supports a local workforce of 510 Accountants and Auditors. With a Location Quotient of 0.98, the concentration of these roles is nearly on par with the national average, indicating a stable, albeit not exceptionally concentrated, demand for accounting professionals. The presence of over 9 jobs per 1,000 workers further underscores a consistent need for these services within the local economy.
Salary Overview
The average Accountants and Auditors in Florence-Muscle Shoals, AL earns-23.9%below the national average.
$34.6
$1,383
$5,991
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing profession has experienced steady salary growth over the past four years, mirroring national trends. This growth is typically driven by increasing regulatory complexity, evolving business needs, and a persistent demand for skilled financial professionals across various industries.
Accountants and Auditors Salary Distribution in Florence-Muscle Shoals, AL
Salary progression for Accountants and Auditors in Florence-Muscle Shoals, AL, typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles, significantly exceeding the average. These percentile gaps reflect the career trajectory and increasing value brought by expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,260 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,918 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,980 | $30.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,863 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,230 | $50.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$71,890
Gross Pay
Real Wage (Purchasing Power)
$71,890
Adjusted for COL (100)
The average annual salary of $71,890 in Florence-Muscle Shoals, AL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant's or Auditor's salary in this area is equivalent to the national standard, offering a stable financial environment without the premium associated with higher cost-of-living regions.
Job Market Context
510
Total Jobs
9.194
Per 1K Jobs
0.98
Location Quotient
Florence-Muscle Shoals, AL has 0.98x 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 0.98, the Florence-Muscle Shoals, AL market for Accountants and Auditors is very close to the national average in terms of concentration. This suggests a balanced job market where the availability of professionals closely matches the demand from local businesses, indicating neither a significant surplus nor a pronounced shortage of talent.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Decatur, AL Accountants and Auditors Salary | $75,730↑ 5% | 42 mi |
| Huntsville, AL Accountants and Auditors Salary | $85,400↑ 19% | 59 mi |
| East Tennessee nonmetropolitan area Accountants and Auditors Salary | $72,250↑ 1% | 84 mi |
| South Central Tennessee nonmetropolitan area Accountants and Auditors Salary | $77,670↑ 8% | 84 mi |
| West Tennessee nonmetropolitan area Accountants and Auditors Salary | $74,840↑ 4% | 84 mi |
Comparing salaries near Florence-Muscle Shoals, AL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Florence-Muscle Shoals, AL?
The median annual salary for a Accountants and Auditors in Florence-Muscle Shoals, AL is $71,890. This typically ranges from $46,260 for entry-level positions to $104,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence-Muscle Shoals, AL is 23.9% lower than the national median of $94,430.
Is Florence-Muscle Shoals, AL a lucrative place for Accountants and Auditors?
No, not significantly more lucrative than the national average.While the average salary of $71,890 is solid, it falls below the national average of $94,430. However, the cost of living is also at the national average, meaning your earnings maintain comparable purchasing power.
Is Florence-Muscle Shoals, AL a good place to live for Accountants and Auditors?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence-Muscle Shoals, AL?
Some top paying nearby cities include Decatur, AL ($75,730) and Huntsville, AL.
How does the Florence-Muscle Shoals salary compare to the national average?
The average salary for Accountants and Auditors in Florence-Muscle Shoals, AL is $71,890, which is approximately 24% lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Florence-Muscle Shoals, AL?
The concentration, measured by the Location Quotient, is 0.98, indicating that the proportion of Accountants and Auditors in the local workforce is very similar to the national average.
How does the cost of living affect the salary in Florence-Muscle Shoals, AL?
The Cost of Living Index is 100, which is the national average. This means the $71,890 salary has the same purchasing power as the national average salary, making it relatively stable.
What is the job outlook for Accountants and Auditors in this region?
With 510 local workers and a stable Location Quotient, the job market appears consistent, with approximately 9.194 jobs per 1,000 workers, suggesting steady demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Florence-Muscle Shoals, AL area with a job density of 9.194 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 Florence-Muscle Shoals, AL