Average Accountants and Auditors Salary in Hagerstown-Martinsburg, MD-WV
Accountants and Auditors in the Hagerstown-Martinsburg, MD-WV area earn an average annual salary of $84,360. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation within this region.
Executive Summary
- Average Salary: $84,360 per year.
- Growth Trend: Salaries have shifted 24.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,280.
- Outlook: With a local workforce of 650 Accountants and Auditors, the Hagerstown-Martinsburg area presents a moderately sized market for these professionals. The Location Quotient of 0.66 indicates that the concentration of these roles is lower than the national average, suggesting a potentially less saturated but also less specialized job market compared to national hubs.
Salary Overview
The average Accountants and Auditors in Hagerstown-Martinsburg, MD-WV earns-10.7%below the national average.
$40.6
$1,622
$7,030
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 growth over the past four years, mirroring national trends. This growth likely translates to stable or increasing salary averages in Hagerstown-Martinsburg, driven by ongoing demand for financial expertise across various industries.
Accountants and Auditors Salary Distribution in Hagerstown-Martinsburg, MD-WV
Salary progression for Accountants and Auditors in Hagerstown-Martinsburg, MD-WV typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting a clear career trajectory and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,030 | $23.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,270 | $30.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,950 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,450 | $50.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,280 | $64.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$84,360
Gross Pay
Real Wage (Purchasing Power)
$84,360
Adjusted for COL (100)
The average annual salary of $84,360 in Hagerstown-Martinsburg, MD-WV aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national average, making the cost of living a neutral factor in assessing the overall financial attractiveness of the location.
Job Market Context
650
Total Jobs
6.153
Per 1K Jobs
0.66
Location Quotient
Hagerstown-Martinsburg, MD-WV has 0.66x 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 0.66 for Accountants and Auditors in Hagerstown-Martinsburg, MD-WV signifies that this profession is less concentrated in the region compared to the national average. This suggests that while there are opportunities, the market may not be as robust or specialized as in areas with a higher concentration of accounting firms or related industries.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Chambersburg, PA Accountants and Auditors Salary | $74,870↓ 11% | 20 mi |
| Gettysburg, PA Accountants and Auditors Salary | $76,650↓ 9% | 29 mi |
| Winchester, VA-WV Accountants and Auditors Salary | $89,010↑ 6% | 40 mi |
| York-Hanover, PA Accountants and Auditors Salary | $81,910↓ 3% | 57 mi |
| Harrisburg-Carlisle, PA Accountants and Auditors Salary | $80,350↓ 5% | 62 mi |
Comparing salaries near Hagerstown-Martinsburg, MD-WV
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Frequently Asked Questions
How much does a Accountants and Auditors make in Hagerstown-Martinsburg, MD-WV?
The median annual salary for a Accountants and Auditors in Hagerstown-Martinsburg, MD-WV is $84,360. This typically ranges from $49,030 for entry-level positions to $134,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hagerstown-Martinsburg, MD-WV is 10.7% lower than the national median of $94,430.
Is Hagerstown-Martinsburg, MD-WV a lucrative place for Accountants and Auditors?
No, not significantly more lucrative than the national average.The average salary of $84,360 is below the national average, though the cost of living is also at the national average, making purchasing power comparable.
Is Hagerstown-Martinsburg, MD-WV a good place to live for Accountants and Auditors?
The Cost of Living Index in Hagerstown-Martinsburg, MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hagerstown-Martinsburg, MD-WV?
Some top paying nearby cities include Chambersburg, PA ($74,870) and Gettysburg, PA.
How does the Hagerstown-Martinsburg salary compare to the national average?
The average annual salary for Accountants and Auditors in Hagerstown-Martinsburg, MD-WV is $84,360, which is approximately $10,000 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Hagerstown-Martinsburg?
The Location Quotient is 0.66, indicating that the concentration of Accountants and Auditors in Hagerstown-Martinsburg is 34% lower than the national average.
How many Accountants and Auditors work in Hagerstown-Martinsburg?
There are approximately 650 Accountants and Auditors employed within the Hagerstown-Martinsburg, MD-WV metropolitan area.
Does the cost of living affect the salary in Hagerstown-Martinsburg?
The Cost of Living Index is 100, which is the national average. Therefore, the lower nominal salary in Hagerstown-Martinsburg has an equivalent purchasing power to the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Hagerstown-Martinsburg, MD-WV area with a job density of 6.153 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 Hagerstown-Martinsburg, MD-WV