Average Accountants and Auditors Salary in Janesville-Beloit, WI
Accountants and Auditors in the Janesville-Beloit, WI area earn an average annual salary of $83,990. This figure is notably below the national average of $94,430, suggesting that local market dynamics and potentially a lower cost of doing business influence compensation within this specific region. The economic landscape of Janesville-Beloit shapes the earning potential for these vital financial professionals.
Executive Summary
- Average Salary: $83,990 per year.
- Growth Trend: Salaries have shifted 11.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,970.
- Outlook: The Janesville-Beloit area supports a local workforce of 540 Accountants and Auditors, with a jobs-per-1,000-workers ratio of 7.731. While the Location Quotient of 0.82 indicates a slightly lower concentration compared to the national average, the absolute number of professionals and the steady presence in the workforce suggest a stable, albeit not hyper-concentrated, demand for these roles.
Salary Overview
The average Accountants and Auditors in Janesville-Beloit, WI earns-11.1%below the national average.
$40.4
$1,615
$6,999
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Janesville-Beloit is not provided, it is reasonable to assume that the accounting and auditing profession, mirroring national trends, has experienced consistent salary growth over the past four years. Factors such as inflation, increasing demand for specialized financial services, and the evolving regulatory landscape likely contribute to an upward trajectory in compensation for skilled professionals in this field.
Accountants and Auditors Salary Distribution in Janesville-Beloit, WI
Salary progression for Accountants and Auditors in Janesville-Beloit typically correlates with experience and specialization. Entry-level positions may start at a lower percentile, while seasoned professionals with advanced certifications or expertise in areas like forensic accounting or tax law can command salaries significantly above the average. The gap between entry-level and senior-level salaries reflects the career growth and increased responsibility inherent in the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,300 | $26.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,993 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,420 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,988 | $50.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,970 | $59.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$83,990
Gross Pay
Real Wage (Purchasing Power)
$83,990
Adjusted for COL (100)
The average annual salary of $83,990 in Janesville-Beloit 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 region is equivalent to the national average, offering a balanced financial environment where take-home pay is not significantly eroded by higher living expenses.
Job Market Context
540
Total Jobs
7.731
Per 1K Jobs
0.82
Location Quotient
Janesville-Beloit, WI has 0.82x 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 0.82, the Janesville-Beloit market for Accountants and Auditors is slightly less concentrated than the national average. This suggests that while the profession is well-represented, there may be fewer professionals per capita compared to other regions, potentially leading to a competitive job market for employers seeking talent, and good opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Rockford, IL Accountants and Auditors Salary | $73,890↓ 12% | 30 mi |
| Madison, WI Accountants and Auditors Salary | $87,100↑ 4% | 33 mi |
| Kenosha, WI Accountants and Auditors Salary | $85,940↑ 2% | 58 mi |
| Milwaukee-Waukesha, WI Accountants and Auditors Salary | $90,070↑ 7% | 59 mi |
| Racine-Mount Pleasant, WI Accountants and Auditors Salary | $84,600↑ 1% | 61 mi |
Comparing salaries near Janesville-Beloit, WI
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Frequently Asked Questions
How much does a Accountants and Auditors make in Janesville-Beloit, WI?
The median annual salary for a Accountants and Auditors in Janesville-Beloit, WI is $83,990. This typically ranges from $55,300 for entry-level positions to $122,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Janesville-Beloit, WI is 11.1% lower than the national median of $94,430.
Is Janesville-Beloit, WI a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.The average salary of $83,990 is below the national average of $94,430, though the cost of living is also at the national average, providing neutral purchasing power.
Is Janesville-Beloit, WI a good place to live for Accountants and Auditors?
The Cost of Living Index in Janesville-Beloit, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Janesville-Beloit, WI?
Some top paying nearby cities include Rockford, IL ($73,890) and Madison, WI.
How does Janesville-Beloit's Accountant salary compare to the national average?
Accountants and Auditors in Janesville-Beloit earn an average of $83,990 annually, which is approximately $10,440 less than the national average salary of $94,430.
What is the concentration of Accountants and Auditors in Janesville-Beloit?
The concentration, measured by the Location Quotient, is 0.82, indicating that the profession is slightly less prevalent in Janesville-Beloit compared to the national average.
How does the cost of living in Janesville-Beloit affect salary perception?
With a Cost of Living Index of 100, Janesville-Beloit is on par with the national average, meaning the $83,990 salary offers average purchasing power relative to the rest of the country.
What does the job market size suggest for Accountants and Auditors in Janesville-Beloit?
The local workforce of 540 professionals and 7.731 jobs per 1,000 workers indicates a stable and present demand for Accountants and Auditors, though not a market with exceptionally high concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Janesville-Beloit, WI area with a job density of 7.731 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 Janesville-Beloit, WI