Average Accountants and Auditors Salary in Hammond, LA
Accountants and Auditors in Hammond, LA, earn an average annual salary of $73,620. This figure is notably below the national average of $94,430, indicating localized economic factors and demand levels significantly influence compensation in this Louisiana city. While the cost of living aligns with the national average, the lower salary suggests a less competitive market for these professionals.
Executive Summary
- Average Salary: $73,620 per year.
- Growth Trend: Salaries have shifted 17.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,460.
- Outlook: The local workforce for Accountants and Auditors in Hammond, LA, comprises approximately 260 professionals. With a Location Quotient of 0.6, the concentration of these roles is below the national average, suggesting that while the profession is present, it is not a dominant sector within the local economy. The rate of 5.591 jobs per 1,000 workers further supports this, indicating a moderate but not exceptionally high demand for accounting and auditing services.
Salary Overview
The average Accountants and Auditors in Hammond, LA earns-22.0%below the national average.
$35.4
$1,416
$6,135
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Hammond, LA is not provided, it is generally assumed that salaries for Accountants and Auditors have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations, which would likely apply to the Hammond market as well.
Accountants and Auditors Salary Distribution in Hammond, LA
Salary progression for Accountants and Auditors in Hammond, LA, is expected to follow a typical career trajectory. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The variance between the 25th percentile (entry-level) and the 75th percentile (senior) salaries will clearly delineate the opportunities for career advancement and increased earning potential within the region.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,740 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,215 | $26.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,660 | $32 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,025 | $44.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,460 | $50.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$73,620
Gross Pay
Real Wage (Purchasing Power)
$73,620
Adjusted for COL (100)
The average annual salary of $73,620 for Accountants and Auditors in Hammond, LA, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that while the nominal salary is lower than the national average, the cost of goods and services does not present a disadvantage for residents.
Job Market Context
260
Total Jobs
5.591
Per 1K Jobs
0.6
Location Quotient
Hammond, LA has 0.60x 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.
With a Location Quotient of 0.6, Hammond, LA, has a lower concentration of Accountants and Auditors compared to the national average. This suggests that the job market for these professionals may be less saturated, potentially offering opportunities for those seeking employment. However, it also implies that the demand might not be as robust as in areas with a higher concentration, requiring professionals to be more proactive in their job searches.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Accountants and Auditors Salary | $78,280↑ 6% | 40 mi |
| Slidell-Mandeville-Covington, LA Accountants and Auditors Salary | $77,780↑ 6% | 43 mi |
| New Orleans-Metairie, LA Accountants and Auditors Salary | $83,360↑ 13% | 44 mi |
| Houma-Bayou Cane-Thibodaux, LA Accountants and Auditors Salary | $75,920↑ 3% | 66 mi |
| Gulfport-Biloxi, MS Accountants and Auditors Salary | $75,730↑ 3% | 83 mi |
Comparing salaries near Hammond, LA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Hammond, LA?
The median annual salary for a Accountants and Auditors in Hammond, LA is $73,620. This typically ranges from $44,740 for entry-level positions to $104,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hammond, LA is 22.0% lower than the national median of $94,430.
Is Hammond, LA a lucrative place for Accountants and Auditorss?
No, it is not considered a highly lucrative place for Accountants and Auditors.The average salary of $73,620 is significantly lower than the national average of $94,430. While the cost of living is average, the lower pay indicates less competitive compensation in this market.
Is Hammond, LA a good place to live for Accountants and Auditors?
The Cost of Living Index in Hammond, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hammond, LA?
Some top paying nearby cities include Baton Rouge, LA ($78,280) and Slidell-Mandeville-Covington, LA.
How does Hammond's Accountant salary compare to the national average?
Accountants and Auditors in Hammond, LA, earn an average of $73,620 annually, which is considerably less than the national average of $94,430.
What is the job market like for Accountants and Auditors in Hammond, LA?
The job market shows a moderate concentration, with a Location Quotient of 0.6, indicating fewer professionals relative to the national average. There are approximately 5.591 jobs per 1,000 workers.
Does the cost of living in Hammond, LA affect the salary's value?
No, the Cost of Living Index in Hammond, LA, is 100, which is the national average. This means the $73,620 salary has average purchasing power locally.
How many Accountants and Auditors work in Hammond, LA?
There are an estimated 260 Accountants and Auditors employed in Hammond, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Hammond, LA area with a job density of 5.591 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Accountants and Auditors Salaries by State
Top Jobs in Hammond, LA
- All Occupations Salary in Hammond, LA
- Food Preparation and Serving Related Occupations Salary in Hammond, LA
- Office and Administrative Support Occupations Salary in Hammond, LA
- Sales and Related Occupations Salary in Hammond, LA
- Transportation and Material Moving Occupations Salary in Hammond, LA
- Educational Instruction and Library Occupations Salary in Hammond, LA
- Healthcare Practitioners and Technical Occupations Salary in Hammond, LA
- Healthcare Support Occupations Salary in Hammond, LA
- Management Occupations Salary in Hammond, LA
- Production Occupations Salary in Hammond, LA
- Browse All Jobs in Hammond, LA →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Hammond, LA