Average Accountants and Auditors Salary in Kalamazoo-Portage, MI
Accountants and Auditors in Kalamazoo-Portage, MI, earn an average annual salary of $80,180. 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 within this Michigan region.
Executive Summary
- Average Salary: $80,180 per year.
- Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $112,720.
- Outlook: With a local workforce of 1,130 Accountants and Auditors and a Location Quotient of 1.0, the job market in Kalamazoo-Portage, MI, mirrors the national concentration of this profession. The presence of approximately 9.4 jobs per 1,000 workers indicates a stable, albeit not exceptionally high, demand for accounting and auditing services, suggesting a consistent but not rapidly expanding job market.
Salary Overview
The average Accountants and Auditors in Kalamazoo-Portage, MI earns-15.1%below the national average.
$38.6
$1,542
$6,682
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 Kalamazoo-Portage, MI, have experienced gradual growth over the past four years, aligning with national trends. Economic fluctuations and increasing demand for financial expertise typically drive modest annual increases in compensation for skilled professionals in this field.
Accountants and Auditors Salary Distribution in Kalamazoo-Portage, MI
Salary progression for Accountants and Auditors in Kalamazoo-Portage, MI, typically scales with experience. Entry-level positions may start at the lower percentiles, while senior roles and those with specialized expertise can command salaries significantly higher than the average. The widening gap between entry-level and senior-level salaries reflects the increasing value and responsibility associated with advanced experience and proven track records in the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,800 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,135 | $28.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,990 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,225 | $48.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $112,720 | $54.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,180
Gross Pay
Real Wage (Purchasing Power)
$80,180
Adjusted for COL (100)
The average annual salary of $80,180 in Kalamazoo-Portage, MI, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Accountant and Auditor's salary in this region is equivalent to the national average, indicating that while the nominal salary is lower than the national average, the cost of living does not further diminish its real value.
Job Market Context
1,130
Total Jobs
9.395
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Kalamazoo-Portage, MI has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.0 for Accountants and Auditors in Kalamazoo-Portage, MI, signifies that the concentration of this profession in the area is precisely at the national average. This suggests a balanced job market where the supply of accounting professionals closely matches the demand, indicating a competitive environment without an oversupply or significant shortage of talent.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Battle Creek, MI Accountants and Auditors Salary | $80,880↑ 1% | 18 mi |
| Elkhart-Goshen, IN Accountants and Auditors Salary | $84,170↑ 5% | 45 mi |
| Niles, MI Accountants and Auditors Salary | $80,750↑ 1% | 45 mi |
| Grand Rapids-Wyoming-Kentwood, MI Accountants and Auditors Salary | $81,540↑ 2% | 48 mi |
| South Bend-Mishawaka, IN-MI Accountants and Auditors Salary | $82,030↑ 2% | 54 mi |
Comparing salaries near Kalamazoo-Portage, MI
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Kalamazoo-Portage, MI?
The median annual salary for a Accountants and Auditors in Kalamazoo-Portage, MI is $80,180. This typically ranges from $49,800 for entry-level positions to $112,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kalamazoo-Portage, MI is 15.1% lower than the national median of $94,430.
Is Kalamazoo-Portage, MI a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $80,180 is below the national average of $94,430, indicating less competitive compensation.
Is Kalamazoo-Portage, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Kalamazoo-Portage, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kalamazoo-Portage, MI?
Some top paying nearby cities include Battle Creek, MI ($80,880) and Elkhart-Goshen, IN.
What is the average salary for Accountants and Auditors in Kalamazoo-Portage, MI?
The average annual salary for Accountants and Auditors in Kalamazoo-Portage, MI, is $80,180.
How does the Kalamazoo-Portage, MI salary compare to the national average?
The average salary in Kalamazoo-Portage, MI ($80,180) is lower than the national average salary of $94,430.
What is the cost of living in Kalamazoo-Portage, MI?
The cost of living in Kalamazoo-Portage, MI, is at the national average, indicated by an index of 100.
How concentrated is the market for Accountants and Auditors in Kalamazoo-Portage, MI?
The market concentration, measured by the Location Quotient, is 1.0, which is equal to the national average, indicating a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,130 employees in the Kalamazoo-Portage, MI area with a job density of 9.395 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 Kalamazoo-Portage, MI