Average Accountants and Auditors Salary in Indianapolis-Carmel-Greenwood, IN
Accountants and Auditors in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $86,150. This figure is slightly below the national average of $94,430, suggesting a localized compensation structure influenced by regional economic factors and the specific demand within the metropolitan area. The Indianapolis market presents a unique financial landscape for these professionals.
Executive Summary
- Average Salary: $86,150 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,330.
- Outlook: With a local workforce of 10,760 Accountants and Auditors, Indianapolis-Carmel-Greenwood demonstrates a substantial presence in this field. The Location Quotient of 1.04 indicates that the concentration of these professionals is slightly higher than the national average, suggesting a robust and stable job market with consistent demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Indianapolis-Carmel-Greenwood, IN earns-8.8%below the national average.
$41.4
$1,657
$7,179
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in Indianapolis-Carmel-Greenwood have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and increased demand for financial expertise likely contribute to a steady upward trajectory in compensation for these vital roles.
Accountants and Auditors Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Salary progression for Accountants and Auditors in Indianapolis-Carmel-Greenwood typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles. This difference highlights the clear career advancement and earning potential available through dedicated professional development and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,250 | $25.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,613 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,560 | $38.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,688 | $51.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,330 | $61.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,150
Gross Pay
Real Wage (Purchasing Power)
$86,150
Adjusted for COL (100)
The average annual salary of $86,150 in Indianapolis-Carmel-Greenwood aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor's salary in this metropolitan area is equivalent to the national average, offering a stable financial foundation without the premium often associated with higher cost-of-living regions.
Job Market Context
10,760
Total Jobs
9.812
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
The Location Quotient of 1.04 for Accountants and Auditors in Indianapolis-Carmel-Greenwood signifies a slightly higher concentration of these professionals compared to the national average. This suggests a healthy and competitive job market where demand is at least on par with, if not slightly exceeding, the national average, offering good opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Accountants and Auditors Salary | $76,570↓ 11% | 8 mi |
| Southern Indiana nonmetropolitan area Accountants and Auditors Salary | $74,030↓ 14% | 8 mi |
| Central Indiana nonmetropolitan area Accountants and Auditors Salary | $75,010↓ 13% | 8 mi |
| Columbus, IN Accountants and Auditors Salary | $83,910↓ 3% | 41 mi |
| Bloomington, IN Accountants and Auditors Salary | $79,420↓ 8% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
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Frequently Asked Questions
How much does a Accountants and Auditors make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Accountants and Auditors in Indianapolis-Carmel-Greenwood, IN is $86,150. This typically ranges from $52,250 for entry-level positions to $128,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 8.8% lower than the national median of $94,430.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Accountants and Auditors?
Yes, it offers a balanced financial environment.While the average salary is slightly below the national average, the cost of living is also at the national average, providing equivalent purchasing power. The slightly above-average concentration of professionals indicates a stable job market.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Accountants and Auditors?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($76,570) and Southern Indiana nonmetropolitan area.
How does the Indianapolis salary compare to the national average?
The average salary for Accountants and Auditors in Indianapolis is $86,150, which is approximately 8.8% lower than the national average of $94,430.
What is the Cost of Living in Indianapolis-Carmel-Greenwood, IN?
The Cost of Living Index for Indianapolis-Carmel-Greenwood, IN is 100, which is exactly the national average, indicating a moderate cost of living.
How many Accountants and Auditors are there in Indianapolis?
There are approximately 10,760 Accountants and Auditors employed in the Indianapolis-Carmel-Greenwood, IN metropolitan area.
Is the job market for Accountants and Auditors strong in Indianapolis?
Yes, the market appears strong with a Location Quotient of 1.04, suggesting a slightly higher concentration of these jobs than the national average, indicating good demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,760 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 9.812 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 Indianapolis-Carmel-Greenwood, IN