Average Accountants and Auditors Salary in Florence, SC
Accountants and Auditors in Florence, SC, earn an average annual salary of $75,150. This figure is notably below the national average of $94,430, suggesting that local economic factors and demand play a significant role in compensation within this South Carolina city. The specific market dynamics and industry concentration in Florence contribute to this pay differential.
Executive Summary
- Average Salary: $75,150 per year.
- Growth Trend: Salaries have shifted 8.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,170.
- Outlook: With a local workforce of 460 Accountants and Auditors, Florence, SC, presents a modest but stable job market for these professionals. The Location Quotient of 0.54 indicates that the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to larger metropolitan areas. However, the presence of over 5 jobs per 1,000 workers signifies consistent employment opportunities.
Salary Overview
The average Accountants and Auditors in Florence, SC earns-20.4%below the national average.
$36.1
$1,445
$6,263
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Florence, SC, is not provided, it is reasonable to assume that salaries for Accountants and Auditors have experienced a general upward trend over the past four years, mirroring national patterns. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Florence, SC
Career progression for Accountants and Auditors in Florence, SC, is typically marked by salary increases tied to experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and responsibility, command significantly higher compensation. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,060 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,363 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,030 | $32.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,938 | $45.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,170 | $53.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$75,150
Gross Pay
Real Wage (Purchasing Power)
$75,150
Adjusted for COL (100)
The average annual salary of $75,150 in Florence, SC, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Florence is equivalent to the national average, offering a stable financial environment without the added pressure of a higher cost of living.
Job Market Context
460
Total Jobs
5.071
Per 1K Jobs
0.54
Location Quotient
Florence, SC has 0.54x 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 0.54 for Accountants and Auditors in Florence, SC, signifies that the concentration of these professionals is less than half of the national average. This suggests that the job market is not as saturated as in other regions, potentially offering a more direct path to employment for qualified individuals, though it also implies a smaller overall pool of specialized roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Sumter, SC Accountants and Auditors Salary | $78,560↑ 5% | 38 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Accountants and Auditors Salary | $71,790↓ 4% | 61 mi |
| Columbia, SC Accountants and Auditors Salary | $72,610↓ 3% | 64 mi |
| Northwestern South Carolina nonmetropolitan area Accountants and Auditors Salary | $80,090↑ 7% | 70 mi |
| Northeastern South Carolina nonmetropolitan area Accountants and Auditors Salary | $81,370↑ 8% | 70 mi |
Comparing salaries near Florence, SC
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Florence, SC?
The median annual salary for a Accountants and Auditors in Florence, SC is $75,150. This typically ranges from $46,060 for entry-level positions to $111,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 20.4% lower than the national median of $94,430.
Is Florence, SC a lucrative place for Accountants and Auditors?
No, not compared to the national average.While the cost of living is average, the salary for Accountants and Auditors in Florence, SC, is significantly lower than the national average. This indicates that while your money may go further locally, the nominal income is less competitive.
Is Florence, SC a good place to live for Accountants and Auditors?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($78,560) and Myrtle Beach-Conway-North Myrtle Beach, SC.
What is the average salary for Accountants and Auditors in Florence, SC?
The average annual salary for Accountants and Auditors in Florence, SC, is $75,150.
How does the Florence, SC salary compare to the national average?
The average salary in Florence, SC ($75,150) is lower than the national average ($94,430).
What is the cost of living in Florence, SC?
Florence, SC has a cost of living index of 100, which is the national average.
How concentrated is the Accountant and Auditor job market in Florence, SC?
The job market for Accountants and Auditors in Florence, SC, is less concentrated than the national average, with a Location Quotient of 0.54.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Florence, SC area with a job density of 5.071 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, SC