Average Accountants and Auditors Salary in Fort Smith, AR-OK
Accountants and Auditors in Fort Smith, AR-OK earn an average annual salary of $78,930. This figure is notably below the national average of $94,430, reflecting regional economic factors and local demand for accounting professionals. The specific pay scales in Fort Smith are influenced by the concentration of businesses and the overall economic landscape of the area.
Executive Summary
- Average Salary: $78,930 per year.
- Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,760.
- Outlook: With a local workforce of 580 Accountants and Auditors, the Fort Smith, AR-OK market presents a moderate employment base. The Location Quotient of 0.64 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially stable but not rapidly expanding job market. While the absolute number of professionals is modest, the demand, as indicated by jobs per 1,000 workers (5.986), suggests consistent opportunities within the region.
Salary Overview
The average Accountants and Auditors in Fort Smith, AR-OK earns-16.4%below the national average.
$38
$1,518
$6,578
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Fort Smith is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the region have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and increasing demand for financial expertise typically drive upward salary adjustments for skilled professionals in this field.
Accountants and Auditors Salary Distribution in Fort Smith, AR-OK
The career trajectory for Accountants and Auditors in Fort Smith, AR-OK, typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,640 | $20 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,198 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,180 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,663 | $47.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,760 | $55.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$78,930
Gross Pay
Real Wage (Purchasing Power)
$78,930
Adjusted for COL (100)
The average annual salary of $78,930 in Fort Smith, AR-OK, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of an Accountant and Auditor's salary in Fort Smith is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
580
Total Jobs
5.986
Per 1K Jobs
0.64
Location Quotient
Fort Smith, AR-OK has 0.64x 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.
A Location Quotient of 0.64 for Accountants and Auditors in Fort Smith, AR-OK, signifies that the profession is less concentrated in this area compared to the national average. This suggests that while there is a presence of accounting professionals, the market is not saturated, potentially offering a competitive environment for skilled individuals seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Accountants and Auditors Salary | $84,750↑ 7% | 51 mi |
| Hot Springs, AR Accountants and Auditors Salary | $79,070↑ 0% | 96 mi |
Comparing salaries near Fort Smith, AR-OK
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Fort Smith, AR-OK?
The median annual salary for a Accountants and Auditors in Fort Smith, AR-OK is $78,930. This typically ranges from $41,640 for entry-level positions to $114,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Smith, AR-OK is 16.4% lower than the national median of $94,430.
Is Fort Smith, AR-OK a lucrative place for Accountants and Auditorss?
No, not exceptionally lucrative compared to national averages.While the average salary of $78,930 is stable relative to the cost of living, it falls below the national average for Accountants and Auditors. The market is less concentrated than the national average, indicating moderate demand.
Is Fort Smith, AR-OK a good place to live for Accountants and Auditors?
The Cost of Living Index in Fort Smith, AR-OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Smith, AR-OK?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($84,750) and Hot Springs, AR.
How does the Fort Smith salary compare to the national average?
The average annual salary for Accountants and Auditors in Fort Smith, AR-OK is $78,930, which is approximately $15,500 less than the national average of $94,430.
What is the Cost of Living in Fort Smith, AR-OK?
Fort Smith, AR-OK has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How concentrated is the Accountant and Auditor job market in Fort Smith?
The job market for Accountants and Auditors in Fort Smith is less concentrated than the national average, with a Location Quotient of 0.64. This suggests fewer professionals relative to the national benchmark.
What does the number of jobs per 1,000 workers indicate for Accountants and Auditors in Fort Smith?
With 5.986 jobs per 1,000 workers, the data suggests a steady presence and consistent demand for Accountants and Auditors within the Fort Smith workforce, though not exceptionally high.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Fort Smith, AR-OK area with a job density of 5.986 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 Fort Smith, AR-OK