Average Accountants and Auditors Salary in Knoxville, TN
Accountants and Auditors in Knoxville, TN earn an average annual salary of $80,870, which is below the national average of $94,430. This difference can be attributed to a variety of local economic factors, including industry demand, the cost of doing business, and the overall economic landscape specific to the Knoxville metropolitan area.
Executive Summary
- Average Salary: $80,870 per year.
- Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,000.
- Outlook: With a local workforce of 3,270 Accountants and Auditors, Knoxville presents a stable, albeit not exceptionally concentrated, job market for these professionals. The Location Quotient of 0.83 suggests that while the profession is present, it is slightly less concentrated than the national average, indicating a moderate but consistent demand for skilled individuals in the region.
Salary Overview
The average Accountants and Auditors in Knoxville, TN earns-14.4%below the national average.
$38.9
$1,555
$6,739
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Accountants and Auditors in Knoxville have seen steady growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial expertise likely contribute to a positive salary trajectory for professionals in this field within the Knoxville area.
Accountants and Auditors Salary Distribution in Knoxville, TN
Career progression for Accountants and Auditors in Knoxville significantly impacts earning potential. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The widening gap between entry-level and senior-level salaries reflects the increasing value placed on expertise and responsibility as one moves up the career ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,830 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,653 | $29.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,320 | $35.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,088 | $48.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,000 | $60.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,870
Gross Pay
Real Wage (Purchasing Power)
$80,870
Adjusted for COL (100)
The average annual salary of $80,870 in Knoxville, TN, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Knoxville is equivalent to the national average, making it a financially stable location for these professionals relative to their earning potential.
Job Market Context
3,270
Total Jobs
7.809
Per 1K Jobs
0.83
Location Quotient
Knoxville, TN has 0.83x 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.
Knoxville's Location Quotient of 0.83 for Accountants and Auditors indicates that the profession is slightly underrepresented compared to the national average. This suggests a potentially less saturated market, offering opportunities for skilled professionals, though perhaps not the sheer volume of positions found in more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Morristown, TN Accountants and Auditors Salary | $73,310↓ 9% | 40 mi |
| Cleveland, TN Accountants and Auditors Salary | $75,000↓ 7% | 75 mi |
| Asheville, NC Accountants and Auditors Salary | $84,390↑ 4% | 83 mi |
| Kingsport-Bristol, TN-VA Accountants and Auditors Salary | $78,850↓ 2% | 87 mi |
| Johnson City, TN Accountants and Auditors Salary | $69,100↓ 15% | 91 mi |
Comparing salaries near Knoxville, TN
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Knoxville, TN?
The median annual salary for a Accountants and Auditors in Knoxville, TN is $80,870. This typically ranges from $49,830 for entry-level positions to $125,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 14.4% lower than the national median of $94,430.
Is Knoxville, TN a lucrative place for Accountants and Auditors?
Moderately so, with excellent cost of living alignment.While the average salary is below the national benchmark, the equivalent cost of living means your earnings retain strong purchasing power. The market offers stable opportunities without extreme competition.
Is Knoxville, TN a good place to live for Accountants and Auditors?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Morristown, TN ($73,310) and Cleveland, TN.
How does Knoxville's salary for Accountants compare to nearby cities?
A detailed comparison would require data from surrounding cities, but Knoxville's $80,870 average is influenced by regional economic factors and the local cost of living.
What is the typical starting salary for an entry-level Accountant in Knoxville?
Entry-level salaries typically fall below the $80,870 average, often ranging from $50,000 to $65,000, depending on the employer and specific qualifications.
Are there many job openings for Accountants and Auditors in Knoxville?
With 7.809 jobs per 1,000 workers and a workforce of 3,270, there is a consistent presence of job openings, reflecting ongoing demand in the region.
Does Knoxville offer opportunities for Accountants specializing in specific industries?
Yes, Knoxville's diverse economy, including manufacturing, healthcare, and logistics, provides opportunities for accountants with specialized industry knowledge.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,270 employees in the Knoxville, TN area with a job density of 7.809 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Accountants and Auditors Salaries by State
Top Jobs in Knoxville, TN
- All Occupations Salary in Knoxville, TN
- Office and Administrative Support Occupations Salary in Knoxville, TN
- Food Preparation and Serving Related Occupations Salary in Knoxville, TN
- Transportation and Material Moving Occupations Salary in Knoxville, TN
- Sales and Related Occupations Salary in Knoxville, TN
- Production Occupations Salary in Knoxville, TN
- Healthcare Practitioners and Technical Occupations Salary in Knoxville, TN
- Management Occupations Salary in Knoxville, TN
- Business and Financial Operations Occupations Salary in Knoxville, TN
- Educational Instruction and Library Occupations Salary in Knoxville, TN
- Browse All Jobs in Knoxville, TN →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Knoxville, TN