Average Accountants and Auditors Salary in Lewiston-Auburn, ME
Accountants and Auditors in Lewiston-Auburn, ME, earn an average annual salary of $82,430. This figure is notably below the national average of $94,430, suggesting that local economic factors and demand dynamics play a significant role in compensation within this region. The specific pay rates are influenced by the concentration of businesses and the overall economic landscape of the Lewiston-Auburn area.
Executive Summary
- Average Salary: $82,430 per year.
- Growth Trend: Salaries have shifted 23.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,260.
- Outlook: The Lewiston-Auburn area supports a local workforce of 330 Accountants and Auditors. With a Location Quotient of 0.73, the concentration of these professionals is slightly below the national average, indicating a stable but not exceptionally high demand. The presence of nearly 7 Accountants and Auditors per 1,000 workers suggests a consistent need for these services within the local economy, providing a steady job market for qualified individuals.
Salary Overview
The average Accountants and Auditors in Lewiston-Auburn, ME earns-12.7%below the national average.
$39.6
$1,585
$6,869
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing profession has experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing regulatory complexity, business expansion, and the ongoing need for financial oversight. Consequently, salaries for Accountants and Auditors in Lewiston-Auburn have likely seen incremental increases, reflecting both inflation and the evolving demands of the profession.
Accountants and Auditors Salary Distribution in Lewiston-Auburn, ME
Career progression for Accountants and Auditors in Lewiston-Auburn is marked by significant salary increases with experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles and specialized positions command higher salaries. The percentile gaps in earnings clearly signify the value placed on accumulated knowledge, advanced certifications, and proven expertise, allowing professionals to substantially increase their earning potential over their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,090 | $27 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,823 | $29.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,450 | $36.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,038 | $49.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,260 | $55.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$82,430
Gross Pay
Real Wage (Purchasing Power)
$82,430
Adjusted for COL (100)
The nominal average annual salary of $82,430 in Lewiston-Auburn, ME, is directly comparable to 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 aligned with the national standard. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay offers a similar lifestyle and financial stability relative to other parts of the country.
Job Market Context
330
Total Jobs
6.827
Per 1K Jobs
0.73
Location Quotient
Lewiston-Auburn, ME has 0.73x 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.
With a Location Quotient of 0.73, the Lewiston-Auburn, ME market for Accountants and Auditors is less concentrated than the national average. This suggests that while there is a solid presence of these professionals, the job market is not saturated. The slightly lower concentration implies that opportunities may be more readily available for skilled individuals compared to highly competitive national hubs, though the overall demand is moderate.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Portland-South Portland, ME Accountants and Auditors Salary | $90,730↑ 10% | 29 mi |
| Southwest Maine nonmetropolitan area Accountants and Auditors Salary | $75,760↓ 8% | 57 mi |
| Northeast Maine nonmetropolitan area Accountants and Auditors Salary | $83,380↑ 1% | 57 mi |
| Central New Hampshire nonmetropolitan area Accountants and Auditors Salary | $85,360↑ 4% | 82 mi |
| Northern New Hampshire nonmetropolitan area Accountants and Auditors Salary | $81,220↓ 1% | 82 mi |
Comparing salaries near Lewiston-Auburn, ME
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Frequently Asked Questions
How much does a Accountants and Auditors make in Lewiston-Auburn, ME?
The median annual salary for a Accountants and Auditors in Lewiston-Auburn, ME is $82,430. This typically ranges from $56,090 for entry-level positions to $115,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lewiston-Auburn, ME is 12.7% lower than the national median of $94,430.
Is Lewiston-Auburn, ME a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.The average salary of $82,430 is below the national average of $94,430, although the cost of living is at the national average, making the effective purchasing power comparable.
Is Lewiston-Auburn, ME a good place to live for Accountants and Auditors?
The Cost of Living Index in Lewiston-Auburn, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lewiston-Auburn, ME?
Some top paying nearby cities include Portland-South Portland, ME ($90,730) and Southwest Maine nonmetropolitan area.
How does the Lewiston-Auburn Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Lewiston-Auburn, ME is $82,430, which is approximately $12,000 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Lewiston-Auburn, ME?
The concentration, measured by the Location Quotient, is 0.73, indicating that the proportion of Accountants and Auditors in the local workforce is slightly lower than the national average.
Does the cost of living affect the value of an Accountant's salary in Lewiston-Auburn?
No, the cost of living in Lewiston-Auburn is exactly at the national average (100), meaning the $82,430 salary has the same purchasing power as the national average salary in a national average cost of living area.
How many Accountants and Auditors are there in Lewiston-Auburn, ME?
There are approximately 330 Accountants and Auditors employed in the Lewiston-Auburn, ME area, representing about 6.827 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Lewiston-Auburn, ME area with a job density of 6.827 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 Lewiston-Auburn, ME