Average Accountants and Auditors Salary in Fort Wayne, IN
Accountants and Auditors in Fort Wayne, IN, earn an average annual salary of $79,790. This figure is notably below the national average of $94,430, reflecting regional economic factors and the specific demand dynamics within the Fort Wayne metropolitan area. Localized market conditions, including the cost of doing business and the concentration of specific industries, often dictate these pay discrepancies.
Executive Summary
- Average Salary: $79,790 per year.
- Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,920.
- Outlook: With a local workforce of 1,720 Accountants and Auditors, Fort Wayne presents a stable, albeit not exceptionally concentrated, job market for these professionals. The Location Quotient of 0.82 suggests a presence that is slightly below the national average in terms of concentration, indicating a moderate level of demand and opportunity within the region. The rate of 7.657 jobs per 1,000 workers further supports this assessment of a steady, consistent need for accounting and auditing services.
Salary Overview
The average Accountants and Auditors in Fort Wayne, IN earns-15.5%below the national average.
$38.4
$1,534
$6,649
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Fort Wayne's Accountants and Auditors is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic recovery, inflation, and increasing demand for financial expertise typically drive upward adjustments in compensation for skilled professionals like accountants. This suggests that current salaries may be higher than those recorded several years ago, reflecting an evolving market.
Accountants and Auditors Salary Distribution in Fort Wayne, IN
Salary progression for Accountants and Auditors in Fort Wayne, IN, is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills, such as forensic accounting or advanced auditing techniques, can expect significantly higher compensation. The percentile gaps in salary distribution serve as a clear indicator of career advancement potential, with senior roles occupying the upper percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,890 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,843 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,270 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,738 | $48 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,920 | $57.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,790
Gross Pay
Real Wage (Purchasing Power)
$79,790
Adjusted for COL (100)
The average annual salary of $79,790 for Accountants and Auditors in Fort Wayne, IN, aligns precisely with the national average cost of living (index of 100). This means that the nominal salary earned in Fort Wayne offers purchasing power equivalent to the national average. While the salary is lower than the national average for the profession, the balanced cost of living suggests that the take-home pay can maintain a comparable standard of living to many other areas.
Job Market Context
1,720
Total Jobs
7.657
Per 1K Jobs
0.82
Location Quotient
Fort Wayne, IN has 0.82x 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.
Fort Wayne's Location Quotient of 0.82 for Accountants and Auditors indicates that the profession is slightly less concentrated in this area compared to the national average. This suggests a job market that is neither oversaturated nor exceptionally competitive. While there is a solid base of 1,720 professionals, the lower concentration implies that opportunities may arise steadily without intense competition, offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Lima, OH Accountants and Auditors Salary | $75,880↓ 5% | 59 mi |
| Elkhart-Goshen, IN Accountants and Auditors Salary | $84,170↑ 5% | 59 mi |
| Muncie, IN Accountants and Auditors Salary | $76,310↓ 4% | 63 mi |
| Kokomo, IN Accountants and Auditors Salary | $81,900↑ 3% | 67 mi |
| South Bend-Mishawaka, IN-MI Accountants and Auditors Salary | $82,030↑ 3% | 71 mi |
Comparing salaries near Fort Wayne, IN
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Frequently Asked Questions
How much does a Accountants and Auditors make in Fort Wayne, IN?
The median annual salary for a Accountants and Auditors in Fort Wayne, IN is $79,790. This typically ranges from $48,890 for entry-level positions to $118,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 15.5% lower than the national median of $94,430.
Is Fort Wayne, IN a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $79,790 is substantial, it falls below the national average of $94,430 for Accountants and Auditors. However, the cost of living being at the national average helps mitigate this difference in purchasing power.
Is Fort Wayne, IN a good place to live for Accountants and Auditors?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Lima, OH ($75,880) and Elkhart-Goshen, IN.
How does the Fort Wayne Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Fort Wayne, IN, is $79,790, which is lower than the national average of $94,430.
What is the cost of living in Fort Wayne, IN for Accountants and Auditors?
The cost of living in Fort Wayne, IN, is at the national average, with an index of 100, meaning it is neither significantly more nor less expensive than the typical US city.
How concentrated is the Accountant and Auditor job market in Fort Wayne?
The job market for Accountants and Auditors in Fort Wayne is slightly less concentrated than the national average, with a Location Quotient of 0.82.
How many Accountants and Auditors are there in Fort Wayne?
There are approximately 1,720 Accountants and Auditors employed in Fort Wayne, IN, representing 7.657 jobs per 1,000 workers in the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,720 employees in the Fort Wayne, IN area with a job density of 7.657 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 Wayne, IN