Average Accountants and Auditors Salary in Hartford-West Hartford-East Hartford, CT
Accountants and Auditors in Hartford-West Hartford-East Hartford, CT, earn an average annual salary of $93,810. This figure is slightly below the national average of $94,430, suggesting a competitive but not significantly higher compensation landscape. Local economic factors and the specific demand within the region likely influence this pay scale.
Executive Summary
- Average Salary: $93,810 per year.
- Growth Trend: Salaries have shifted 17.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,150.
- Outlook: The Hartford-West Hartford-East Hartford, CT area supports a robust workforce of 6,450 Accountants and Auditors. With a Location Quotient of 1.16, this indicates a concentration of these professionals that is 16% higher than the national average, signaling a strong and established demand for their services within the local market.
Salary Overview
The average Accountants and Auditors in Hartford-West Hartford-East Hartford, CT earns-0.7%below the national average.
$45.1
$1,804
$7,818
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for skilled Accountants and Auditors has seen consistent growth over the past four years. This trend typically translates to incremental salary increases, reflecting the evolving complexity of financial regulations and the ongoing need for expert financial management across industries.
Accountants and Auditors Salary Distribution in Hartford-West Hartford-East Hartford, CT
Salary progression for Accountants and Auditors in Hartford-West Hartford-East Hartford, CT, is closely tied to experience. Entry-level positions typically start at the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, reflecting significant career growth and expertise development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,640 | $29.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,358 | $33.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,090 | $42.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,263 | $56.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,150 | $62.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$93,810
Gross Pay
Real Wage (Purchasing Power)
$93,810
Adjusted for COL (100)
The average annual salary of $93,810 in Hartford-West Hartford-East Hartford, CT, aligns perfectly with the national average cost of living (100). This means that the purchasing power of an Accountant's salary in this metropolitan area is equivalent to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living regions.
Job Market Context
6,450
Total Jobs
10.882
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Hartford-West Hartford-East Hartford, CT has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.16 for Accountants and Auditors in Hartford-West Hartford-East Hartford, CT, signifies a market with a slightly higher concentration of these professionals compared to the national average. This suggests a healthy job market where demand is robust, potentially offering more opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Accountants and Auditors Salary | $86,300↓ 8% | 12 mi |
| Waterbury-Shelton, CT Accountants and Auditors Salary | $90,240↓ 4% | 23 mi |
| Springfield, MA Accountants and Auditors Salary | $91,630↓ 2% | 25 mi |
| New Haven, CT Accountants and Auditors Salary | $91,970↓ 2% | 34 mi |
| Norwich-New London-Willimantic, CT Accountants and Auditors Salary | $88,080↓ 6% | 34 mi |
Comparing salaries near Hartford-West Hartford-East Hartford, CT
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Hartford-West Hartford-East Hartford, CT?
The median annual salary for a Accountants and Auditors in Hartford-West Hartford-East Hartford, CT is $93,810. This typically ranges from $61,640 for entry-level positions to $129,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hartford-West Hartford-East Hartford, CT is 0.7% lower than the national median of $94,430.
Is Hartford-West Hartford-East Hartford, CT a lucrative place for Accountants and Auditors?
Yes, with a stable financial outlook.The average salary is nearly on par with the national average, and the cost of living is also at the national average, indicating good financial stability for the role.
Is Hartford-West Hartford-East Hartford, CT a good place to live for Accountants and Auditors?
The Cost of Living Index in Hartford-West Hartford-East Hartford, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hartford-West Hartford-East Hartford, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($86,300) and Waterbury-Shelton, CT.
How does the local Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Hartford-West Hartford-East Hartford, CT, is $93,810, which is slightly lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Hartford?
Hartford-West Hartford-East Hartford, CT, has a Location Quotient of 1.16 for Accountants and Auditors, meaning the concentration of these professionals is 16% higher than the national average.
How does the cost of living affect the salary in Hartford?
The cost of living in Hartford-West Hartford-East Hartford, CT, is exactly at the national average (100), meaning the $93,810 salary offers purchasing power equivalent to the national standard.
What does the job market look like for Accountants and Auditors in Hartford?
With a total local workforce of 6,450 and a Location Quotient above 1.0, the job market for Accountants and Auditors in Hartford-West Hartford-East Hartford, CT, appears to be strong and indicates a notable presence of these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,450 employees in the Hartford-West Hartford-East Hartford, CT area with a job density of 10.882 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 Hartford-West Hartford-East Hartford, CT