Average Accountants and Auditors Salary in Ithaca, NY
Accountants and Auditors in Ithaca, NY, earn an average annual salary of $88,760, which is slightly below the national average of $94,430. This difference can be attributed to a variety of local economic factors, including the specific industry mix and demand within the Ithaca metropolitan area. While not reaching the national benchmark, Ithaca offers a stable environment for these financial professionals.
Executive Summary
- Average Salary: $88,760 per year.
- Growth Trend: Salaries have shifted 14.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,000.
- Outlook: With a local workforce of 410 Accountants and Auditors and a Location Quotient of 0.91, Ithaca presents a moderately concentrated job market. This indicates that the demand for these professionals is nearly on par with the national average, suggesting a stable and consistent need for their services within the region. The presence of 8.517 jobs per 1,000 workers further solidifies the steady employment landscape for financial experts in Ithaca.
Salary Overview
The average Accountants and Auditors in Ithaca, NY earns-6.0%below the national average.
$42.7
$1,707
$7,397
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Ithaca's Accountant and Auditor salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing demand for financial expertise typically drive salary increases for skilled professionals. Therefore, Accountants and Auditors in Ithaca have likely experienced incremental salary growth, reflecting broader market dynamics and the evolving needs of businesses in the region.
Accountants and Auditors Salary Distribution in Ithaca, NY
The career trajectory for Accountants and Auditors in Ithaca, NY, typically shows significant salary growth 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. This progression from junior to senior roles, marked by increasing responsibility and expertise, is reflected in the widening salary gap between different experience levels.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,520 | $28.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,570 | $32 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,060 | $38 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,950 | $53.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,000 | $61.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$88,760
Gross Pay
Real Wage (Purchasing Power)
$88,760
Adjusted for COL (100)
The nominal average salary of $88,760 in Ithaca, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant and Auditor's salary in Ithaca is equivalent to the national average. While the salary is slightly lower than the national average, the cost of living being at par suggests that the take-home pay maintains its relative value within the local economic context.
Job Market Context
410
Total Jobs
8.517
Per 1K Jobs
0.91
Location Quotient
Ithaca, NY has 0.91x 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.
An Ithaca Location Quotient of 0.91 for Accountants and Auditors signifies a job market that is very close to the national average in terms of concentration. This suggests that the demand for these professionals in Ithaca is neither significantly higher nor lower than what is observed nationwide. The market is competitive but not oversaturated, offering a balanced environment for both job seekers and employers in the financial sector.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Elmira, NY Accountants and Auditors Salary | $88,310↓ 1% | 29 mi |
| Binghamton, NY Accountants and Auditors Salary | $86,560↓ 2% | 39 mi |
| Syracuse, NY Accountants and Auditors Salary | $89,860↑ 1% | 45 mi |
| Rochester, NY Accountants and Auditors Salary | $91,330↑ 3% | 75 mi |
| Utica-Rome, NY Accountants and Auditors Salary | $85,140↓ 4% | 79 mi |
Comparing salaries near Ithaca, NY
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Frequently Asked Questions
How much does a Accountants and Auditors make in Ithaca, NY?
The median annual salary for a Accountants and Auditors in Ithaca, NY is $88,760. This typically ranges from $58,520 for entry-level positions to $128,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ithaca, NY is 6.0% lower than the national median of $94,430.
Is Ithaca, NY a lucrative place for Accountants and Auditors?
Yes, Ithaca, NY offers a competitive salary for Accountants and Auditors relative to its cost of living.While the average salary of $88,760 is slightly below the national average, the cost of living in Ithaca is exactly at the national average, making the compensation quite valuable locally. The stable job market further supports its attractiveness.
Is Ithaca, NY a good place to live for Accountants and Auditors?
The Cost of Living Index in Ithaca, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ithaca, NY?
Some top paying nearby cities include Elmira, NY ($88,310) and Binghamton, NY.
How does Ithaca's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Ithaca, NY, is $88,760, which is approximately $5,670 less than the national average of $94,430.
What is the job market like for Accountants and Auditors in Ithaca, NY?
The job market in Ithaca is moderately concentrated, with a Location Quotient of 0.91, indicating demand that is nearly on par with the national average. There are approximately 8.517 jobs per 1,000 workers in this field locally.
How does the cost of living in Ithaca affect salary perception?
With a Cost of Living Index of 100, Ithaca's cost of living matches the national average. This means the $88,760 salary in Ithaca has the same purchasing power as the national average salary would have across the country.
What is the total number of Accountants and Auditors in Ithaca, NY?
There are approximately 410 Accountants and Auditors employed within the Ithaca, NY, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Ithaca, NY area with a job density of 8.517 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 Ithaca, NY