Average Accountants and Auditors Salary in Grand Rapids-Wyoming-Kentwood, MI
Accountants and Auditors in the Grand Rapids-Wyoming-Kentwood, MI area earn an average annual salary of $81,540. This figure is notably below the national average of $94,430, suggesting that local economic factors and demand dynamics play a significant role in compensation within this region. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $81,540 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,030.
- Outlook: With a local workforce of 5,800 Accountants and Auditors, the Grand Rapids-Wyoming-Kentwood area demonstrates a substantial presence of these professionals. The Location Quotient of 1.1 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Grand Rapids-Wyoming-Kentwood, MI earns-13.7%below the national average.
$39.2
$1,568
$6,795
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Grand Rapids 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. Factors such as inflation, increased demand for financial expertise, and evolving regulatory landscapes likely contribute to this upward salary trajectory for Accountants and Auditors.
Accountants and Auditors Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Salary progression for Accountants and Auditors typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,490 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,155 | $29.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,030 | $36.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,925 | $49 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,030 | $60.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$81,540
Gross Pay
Real Wage (Purchasing Power)
$81,540
Adjusted for COL (100)
The average annual salary of $81,540 in Grand Rapids-Wyoming-Kentwood, MI, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by Accountants and Auditors in this area holds its purchasing power equivalently to the national average, indicating a balanced financial environment for residents.
Job Market Context
5,800
Total Jobs
10.33
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Grand Rapids-Wyoming-Kentwood, MI has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
The Location Quotient of 1.1 for Accountants and Auditors in Grand Rapids-Wyoming-Kentwood, MI, suggests a market that is slightly more concentrated than the national average. This indicates a healthy demand for these professionals, potentially offering a competitive job market where employers actively seek skilled individuals, but also implying a robust pool of talent available.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Accountants and Auditors Salary | $80,240↓ 2% | 35 mi |
| Kalamazoo-Portage, MI Accountants and Auditors Salary | $80,180↓ 2% | 48 mi |
| Battle Creek, MI Accountants and Auditors Salary | $80,880↓ 1% | 51 mi |
| Lansing-East Lansing, MI Accountants and Auditors Salary | $80,770↓ 1% | 58 mi |
| Mid Michigan nonmetropolitan area Accountants and Auditors Salary | $76,300↓ 6% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Accountants and Auditors make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Accountants and Auditors in Grand Rapids-Wyoming-Kentwood, MI is $81,540. This typically ranges from $49,490 for entry-level positions to $126,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 13.7% lower than the national median of $94,430.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Accountants and Auditors?
Moderately lucrative, with balanced purchasing power.While the average salary of $81,540 is below the national average, the cost of living is also at the national average. This means your earnings in Grand Rapids have equivalent purchasing power to the national average.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($80,240) and Kalamazoo-Portage, MI.
How does the Grand Rapids Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Grand Rapids is $81,540, which is lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Grand Rapids?
Grand Rapids has a Location Quotient of 1.1 for Accountants and Auditors, indicating a slightly higher concentration of these professionals compared to the national average.
How many Accountants and Auditors are there in Grand Rapids?
There are approximately 5,800 Accountants and Auditors employed in the Grand Rapids-Wyoming-Kentwood, MI area.
Does experience impact Accountant salaries in Grand Rapids?
Yes, like most regions, experience significantly influences salary. Entry-level positions will earn less, while senior Accountants and Auditors with extensive experience can expect higher compensation, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,800 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 10.33 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 Grand Rapids-Wyoming-Kentwood, MI