Average Accountants and Auditors Salary in Harrisonburg, VA
Accountants and Auditors in Harrisonburg, VA, earn an average annual salary of $80,620. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within this specific Virginia locale.
Executive Summary
- Average Salary: $80,620 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,830.
- Outlook: With a local workforce of 450 Accountants and Auditors, Harrisonburg presents a moderately sized professional pool. The Location Quotient of 0.73 indicates that this profession is slightly less concentrated in Harrisonburg compared to the national average, suggesting a stable but not exceptionally high demand for these roles within the immediate area.
Salary Overview
The average Accountants and Auditors in Harrisonburg, VA earns-14.6%below the national average.
$38.8
$1,550
$6,718
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Harrisonburg is not provided, it is generally assumed that salaries for Accountants and Auditors nationwide have experienced steady growth over the past four years, driven by inflation and increasing demand for financial expertise. This trend likely extends to Harrisonburg, with local compensation gradually adjusting to reflect broader economic conditions and professional value.
Accountants and Auditors Salary Distribution in Harrisonburg, VA
Career progression for Accountants and Auditors in Harrisonburg typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles, reflecting a clear path for career and financial advancement within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,700 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,465 | $29.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,650 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,775 | $48.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,830 | $59.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,620
Gross Pay
Real Wage (Purchasing Power)
$80,620
Adjusted for COL (100)
The average annual salary of $80,620 in Harrisonburg aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in Harrisonburg is equivalent to the national average, offering a balanced financial landscape where income and expenses are relatively stable compared to the rest of the country.
Job Market Context
450
Total Jobs
6.845
Per 1K Jobs
0.73
Location Quotient
Harrisonburg, VA has 0.73x 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 0.73 for Accountants and Auditors in Harrisonburg signifies that the profession is less prevalent here than the national average. This suggests that while there is a consistent need for these financial professionals, the market is not saturated, potentially offering good opportunities for skilled individuals without intense competition from a large local talent pool.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Staunton-Stuarts Draft, VA Accountants and Auditors Salary | $78,140↓ 3% | 22 mi |
| Charlottesville, VA Accountants and Auditors Salary | $88,200↑ 9% | 35 mi |
| Southside Virginia nonmetropolitan area Accountants and Auditors Salary | $77,120↓ 4% | 60 mi |
| Northern West Virginia nonmetropolitan area Accountants and Auditors Salary | $71,080↓ 12% | 60 mi |
| Southwest Virginia nonmetropolitan area Accountants and Auditors Salary | $80,240↓ 0% | 60 mi |
Comparing salaries near Harrisonburg, VA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Harrisonburg, VA?
The median annual salary for a Accountants and Auditors in Harrisonburg, VA is $80,620. This typically ranges from $49,700 for entry-level positions to $122,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Harrisonburg, VA is 14.6% lower than the national median of $94,430.
Is Harrisonburg, VA a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $80,620 is respectable, it falls below the national average of $94,430. However, the Cost of Living being at the national average (100) means the salary's purchasing power is equivalent nationally.
Is Harrisonburg, VA a good place to live for Accountants and Auditors?
The Cost of Living Index in Harrisonburg, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Harrisonburg, VA?
Some top paying nearby cities include Staunton-Stuarts Draft, VA ($78,140) and Charlottesville, VA.
How does Harrisonburg's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Harrisonburg, VA, is $80,620, which is lower than the national average of $94,430.
What is the Cost of Living in Harrisonburg, VA?
Harrisonburg, VA, has a Cost of Living Index of 100, which is exactly the national average, indicating 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 Harrisonburg?
The job market for Accountants and Auditors in Harrisonburg is less concentrated than the national average, with a Location Quotient of 0.73, suggesting a moderate presence of these roles.
What does a Location Quotient of 0.73 mean for Accountants in Harrisonburg?
A Location Quotient of 0.73 indicates that there are fewer Accountants and Auditors per worker in Harrisonburg relative to the national average, implying a less saturated but still present job market for the profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Harrisonburg, VA area with a job density of 6.845 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 Harrisonburg, VA