Average Accountants and Auditors Salary in Lafayette, LA
Accountants and Auditors in Lafayette, LA, earn an average annual salary of $74,120. This figure is notably below the national average of $94,430, suggesting that local market dynamics and potentially lower demand contribute to this compensation level. The specific economic landscape of Lafayette influences the earning potential for these financial professionals.
Executive Summary
- Average Salary: $74,120 per year.
- Growth Trend: Salaries have shifted 11.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,980.
- Outlook: The Lafayette, LA job market for Accountants and Auditors comprises a workforce of 1,110 professionals. With a Location Quotient of 0.67, the concentration of these roles is below the national average, indicating a less saturated market compared to other regions. The presence of 6.335 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for accounting and auditing services within the local economy.
Salary Overview
The average Accountants and Auditors in Lafayette, LA earns-21.5%below the national average.
$35.6
$1,425
$6,177
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Lafayette is not provided, it's reasonable to assume that the salaries for Accountants and Auditors in the region have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for skilled professionals in finance and accounting.
Accountants and Auditors Salary Distribution in Lafayette, LA
Career progression for Accountants and Auditors in Lafayette, LA, is typically marked by significant salary increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and responsibility, command higher salaries. The percentile gaps in earnings clearly signify the career trajectory and the financial rewards associated with advancing through different levels of experience and specialization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,660 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,590 | $26.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,330 | $31.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,650 | $44.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,980 | $52.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,120
Gross Pay
Real Wage (Purchasing Power)
$74,120
Adjusted for COL (100)
The nominal average salary of $74,120 in Lafayette, LA, is directly aligned 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 Lafayette is equivalent to the national average, offering a balanced financial standing relative to the cost of goods and services in the area.
Job Market Context
1,110
Total Jobs
6.335
Per 1K Jobs
0.67
Location Quotient
Lafayette, LA has 0.67x 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 0.67 for Accountants and Auditors in Lafayette, LA, indicates that the concentration of these professionals is 33% lower than the national average. This suggests that while the job market is not as densely populated with these specialists as in many other areas, there is still a consistent need for their services, potentially offering good opportunities for those entering or established in the field.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Accountants and Auditors Salary | $78,280↑ 6% | 56 mi |
| Southwest Louisiana nonmetropolitan area Accountants and Auditors Salary | $74,160↑ 0% | 67 mi |
| Central Louisiana nonmetropolitan area Accountants and Auditors Salary | $83,210↑ 12% | 67 mi |
| Northeast Louisiana nonmetropolitan area Accountants and Auditors Salary | $79,870↑ 8% | 67 mi |
| Lake Charles, LA Accountants and Auditors Salary | $74,770↑ 1% | 70 mi |
Comparing salaries near Lafayette, LA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Lafayette, LA?
The median annual salary for a Accountants and Auditors in Lafayette, LA is $74,120. This typically ranges from $46,660 for entry-level positions to $108,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 21.5% lower than the national median of $94,430.
Is Lafayette, LA a lucrative place for Accountants and Auditors?
No, Lafayette, LA is not considered a highly lucrative place for Accountants and Auditors compared to the national average.The average salary of $74,120 is significantly lower than the national average of $94,430, despite a cost of living that matches the national average.
Is Lafayette, LA a good place to live for Accountants and Auditors?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($78,280) and Southwest Louisiana nonmetropolitan area.
How does Lafayette's Accountant salary compare to the national average?
Accountants and Auditors in Lafayette, LA, earn an average of $74,120 annually, which is approximately $20,000 less than the national average salary of $94,430.
What is the cost of living in Lafayette, LA for Accountants and Auditors?
The cost of living in Lafayette, LA, is at the national average, indicated by an index of 100. This means that the purchasing power of an Accountant's salary in Lafayette is comparable to the national average.
How concentrated is the Accountant and Auditor job market in Lafayette, LA?
The job market for Accountants and Auditors in Lafayette, LA, is less concentrated than the national average, with a Location Quotient of 0.67. This suggests fewer professionals per capita compared to the rest of the country.
What is the total number of Accountants and Auditors in Lafayette, LA?
There are approximately 1,110 Accountants and Auditors employed in Lafayette, LA, contributing to the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,110 employees in the Lafayette, LA area with a job density of 6.335 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 Lafayette, LA