Average Accountants and Auditors Salary in Lansing-East Lansing, MI
Accountants and Auditors in the Lansing-East Lansing, MI area earn an average annual salary of $80,770. 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 levels within this metropolitan region.
Executive Summary
- Average Salary: $80,770 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,370.
- Outlook: The Lansing-East Lansing area supports a dedicated workforce of 2,340 Accountants and Auditors. With a Location Quotient of 1.17, this indicates a slightly higher concentration of these professionals compared to the national average, suggesting a stable and established demand for their services within the local economy.
Salary Overview
The average Accountants and Auditors in Lansing-East Lansing, MI earns-14.5%below the national average.
$38.8
$1,553
$6,731
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the salaries for Accountants and Auditors in Lansing-East Lansing have experienced steady growth over the past four years, mirroring national trends of increasing compensation for skilled financial professionals. This upward trajectory is likely driven by evolving industry needs and a consistent demand for accounting expertise.
Accountants and Auditors Salary Distribution in Lansing-East Lansing, MI
Career progression for Accountants and Auditors in Lansing-East Lansing typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and responsibility, can command salaries well above the average. The percentile gaps in earnings clearly signify the potential for substantial career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,270 | $25.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,578 | $29.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,600 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,963 | $48.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,370 | $51.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,770
Gross Pay
Real Wage (Purchasing Power)
$80,770
Adjusted for COL (100)
The average annual salary of $80,770 in Lansing-East Lansing aligns precisely 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 this region is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
2,340
Total Jobs
10.964
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Lansing-East Lansing, MI has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.17 for Accountants and Auditors in Lansing-East Lansing signifies a slightly more concentrated presence of this profession than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market where demand is consistent and professionals are well-integrated into the local economic fabric.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Jackson, MI Accountants and Auditors Salary | $78,010↓ 3% | 34 mi |
| Mid Michigan nonmetropolitan area Accountants and Auditors Salary | $76,300↓ 6% | 42 mi |
| Southern Michigan nonmetropolitan area Accountants and Auditors Salary | $78,000↓ 3% | 42 mi |
| Northern Michigan nonmetropolitan area Accountants and Auditors Salary | $73,430↓ 9% | 42 mi |
| Upper Peninsula of Michigan nonmetropolitan area Accountants and Auditors Salary | $73,200↓ 9% | 42 mi |
Comparing salaries near Lansing-East Lansing, MI
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Lansing-East Lansing, MI?
The median annual salary for a Accountants and Auditors in Lansing-East Lansing, MI is $80,770. This typically ranges from $52,270 for entry-level positions to $107,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 14.5% lower than the national median of $94,430.
Is Lansing-East Lansing, MI a lucrative place for Accountants and Auditors?
It is a moderately lucrative place for Accountants and Auditors.While the average salary of $80,770 is below the national average, the cost of living is also at the national average, making the salary's purchasing power comparable. The stable job market indicated by the Location Quotient suggests consistent opportunities.
Is Lansing-East Lansing, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($78,010) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average annual salary for Accountants and Auditors in Lansing-East Lansing is $80,770, which is approximately $13,660 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Lansing-East Lansing?
The concentration, measured by the Location Quotient, is 1.17, indicating that there are slightly more Accountants and Auditors per worker in Lansing-East Lansing than the national average.
How does the cost of living affect the salary in Lansing-East Lansing?
With a Cost of Living Index of 100, the same as the national average, the $80,770 salary in Lansing-East Lansing offers purchasing power equivalent to the national standard.
What is the total number of Accountants and Auditors in the Lansing-East Lansing area?
There are approximately 2,340 Accountants and Auditors employed in the Lansing-East Lansing metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,340 employees in the Lansing-East Lansing, MI area with a job density of 10.964 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 Lansing-East Lansing, MI