Average Accountants and Auditors Salary in Kankakee, IL
Accountants and Auditors in Kankakee, IL earn an average annual salary of $70,870. This figure is notably below the national average of $94,430, suggesting that local economic factors and industry demand play a significant role in compensation within this specific Illinois region.
Executive Summary
- Average Salary: $70,870 per year.
- Growth Trend: Salaries have shifted 4.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,480.
- Outlook: With a local workforce of 220 Accountants and Auditors, Kankakee presents a modest but stable employment landscape for these professionals. The Location Quotient of 0.54 indicates a lower concentration of these roles compared to the national average, suggesting that while the absolute number of jobs is not vast, the presence of a dedicated workforce points to consistent, albeit not booming, demand within the local economy.
Salary Overview
The average Accountants and Auditors in Kankakee, IL earns-24.9%below the national average.
$34.1
$1,363
$5,906
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Kankakee is not provided, it is generally assumed that the accounting and auditing field has experienced steady growth over the past four years, mirroring national trends. This growth likely translates to incremental salary increases for Accountants and Auditors in Kankakee, reflecting evolving industry needs and a sustained demand for financial expertise.
Accountants and Auditors Salary Distribution in Kankakee, IL
Career progression for Accountants and Auditors in Kankakee, as elsewhere, is typically marked by increasing compensation. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries, potentially reaching into the upper percentiles of the reported average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,120 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,153 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,910 | $30.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,588 | $42.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,480 | $50.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$70,870
Gross Pay
Real Wage (Purchasing Power)
$70,870
Adjusted for COL (100)
The average annual salary of $70,870 in Kankakee, IL, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Accountant and Auditor's salary in Kankakee is equivalent to the national average, offering a stable financial environment without the premium associated with higher cost-of-living areas.
Job Market Context
220
Total Jobs
5.105
Per 1K Jobs
0.54
Location Quotient
Kankakee, IL has 0.54x 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.
The Location Quotient of 0.54 for Accountants and Auditors in Kankakee, IL, signifies that the profession is less concentrated locally than the national average. This suggests that while the demand exists, the market is not saturated, potentially offering a good balance for job seekers looking for opportunities without intense competition, though it also implies fewer specialized roles may be available compared to larger metropolitan areas.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN Accountants and Auditors Salary | $92,100↑ 30% | 55 mi |
| Michigan City-La Porte, IN Accountants and Auditors Salary | $77,800↑ 10% | 66 mi |
| Champaign-Urbana, IL Accountants and Auditors Salary | $70,530↓ 0% | 72 mi |
| Lafayette-West Lafayette, IN Accountants and Auditors Salary | $84,610↑ 19% | 72 mi |
| Bloomington, IL Accountants and Auditors Salary | $80,040↑ 13% | 72 mi |
Comparing salaries near Kankakee, IL
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Kankakee, IL?
The median annual salary for a Accountants and Auditors in Kankakee, IL is $70,870. This typically ranges from $46,120 for entry-level positions to $104,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kankakee, IL is 24.9% lower than the national median of $94,430.
Is Kankakee, IL a lucrative place for Accountants and Auditors?
No, Kankakee, IL is not a particularly lucrative place for Accountants and Auditors compared to the national average.The average salary of $70,870 is significantly lower than the national average of $94,430, although the cost of living is at the national average.
Is Kankakee, IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Kankakee, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kankakee, IL?
Some top paying nearby cities include Chicago-Naperville-Elgin, IL-IN ($92,100) and Michigan City-La Porte, IN.
How does the Kankakee Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Kankakee, IL is $70,870, which is substantially lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Kankakee, IL?
The concentration, measured by the Location Quotient, is 0.54, indicating that Accountants and Auditors are less common in Kankakee relative to the national average.
How does the cost of living in Kankakee affect the salary?
Kankakee has a cost of living index of 100, which is the national average. This means the $70,870 salary has the same purchasing power as the national average salary.
What is the total number of Accountants and Auditors in Kankakee, IL?
There are approximately 220 Accountants and Auditors employed in Kankakee, IL, representing 5.105 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Kankakee, IL area with a job density of 5.105 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 Kankakee, IL