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Average Accountants and Auditors Salary in Lexington-Fayette, KY

Accountants and Auditors in Lexington-Fayette, KY, earn an average annual salary of $76,910. This figure is notably below the national average of $94,430, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region. The specific economic landscape and demand for accounting services within Lexington-Fayette play a crucial role in shaping these salary levels.

Executive Summary

  • Average Salary: $76,910 per year.
  • Growth Trend: Salaries have shifted 8.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $110,490.
  • Outlook: With a local workforce of 1,860 Accountants and Auditors, Lexington-Fayette, KY, presents a moderately sized professional community. The Location Quotient of 0.7 indicates that this profession is slightly less concentrated here compared to the national average, suggesting a stable but not overly saturated job market. The presence of 6.581 jobs per 1,000 workers points to consistent demand for these financial professionals within the local economy.
2024 Market Data

Salary Overview

$76,910

The average Accountants and Auditors in Lexington-Fayette, KY earns-18.6%below the national average.

BreakdownBased on 40h/week
Hourly

$37

Weekly

$1,479

Monthly

$6,409

Accountants and Auditors Salary Distribution in Lexington-Fayette, KY

Salary progression for Accountants and Auditors in Lexington-Fayette, KY, typically scales significantly with experience. Entry-level positions may 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 percentile gaps between junior, mid-level, and senior roles clearly signify opportunities for substantial career and financial advancement within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$47,760$23
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$57,683$27.7
ManagerOversees team, compliance, and project delivery.50% (Median)$70,960$34.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$96,138$46.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$110,490$53.1

Detailed Accountants and Auditors Market Analysis

Relocation Context

Nominal Salary

$76,910

Gross Pay

Real Wage (Purchasing Power)

$76,910

Adjusted for COL (100)

The average annual salary of $76,910 in Lexington-Fayette, KY, aligns precisely with the national average cost of living, which is indexed at 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is equivalent to the national standard. Therefore, relocating to Lexington-Fayette as an Accountant or Auditor would likely result in a comparable standard of living in terms of expenses.

Job Market Context

1,860

Total Jobs

6.581

Per 1K Jobs

0.7

Location Quotient

Below Average

Lexington-Fayette, KY has 0.70x 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.

A Location Quotient of 0.7 for Accountants and Auditors in Lexington-Fayette, KY, indicates that the concentration of these professionals is below the national average. This suggests that the job market may be less competitive than in areas with a higher concentration, potentially offering more opportunities for skilled individuals. While not as densely populated with accountants as the national average, the market still supports a significant number of roles, as evidenced by the 6.581 jobs per 1,000 workers.

Nearby Job Markets

Nearby Cities for Accountants and Auditors

CitySalaryDist.
Central Kentucky nonmetropolitan area Accountants and Auditors Salary$71,100↓ 8%28 mi
South Central Kentucky nonmetropolitan area Accountants and Auditors Salary$69,510↓ 10%28 mi
West Kentucky nonmetropolitan area Accountants and Auditors Salary$68,330↓ 11%28 mi
East Kentucky nonmetropolitan area Accountants and Auditors Salary$67,570↓ 12%28 mi
Louisville/Jefferson County, KY-IN Accountants and Auditors Salary$81,950↑ 7%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Accountants and Auditorss?

Frequently Asked Questions

How much does a Accountants and Auditors make in Lexington-Fayette, KY?

The median annual salary for a Accountants and Auditors in Lexington-Fayette, KY is $76,910. This typically ranges from $47,760 for entry-level positions to $110,490 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 18.6% lower than the national median of $94,430.

Is Lexington-Fayette, KY a lucrative place for Accountants and Auditors?

No, not compared to the national average.The average salary of $76,910 is below the national average of $94,430, although the cost of living is at the national average, meaning purchasing power is similar.

Is Lexington-Fayette, KY a good place to live for Accountants and Auditors?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($71,100) and South Central Kentucky nonmetropolitan area.

How does the cost of living in Lexington-Fayette, KY affect the Accountant salary?

The cost of living in Lexington-Fayette, KY is exactly at the national average (100). This means that the $76,910 salary offers a purchasing power equivalent to the national average, despite being lower than the national salary benchmark.

What is the concentration of Accountants and Auditors in Lexington-Fayette, KY?

The Location Quotient is 0.7, which is below the national average of 1.0. This indicates that Accountants and Auditors are less concentrated in Lexington-Fayette, KY, compared to the rest of the United States.

How many Accountant and Auditor jobs are there per capita in Lexington-Fayette, KY?

There are approximately 6.581 jobs per 1,000 workers for Accountants and Auditors in Lexington-Fayette, KY, indicating a steady presence of these roles within the local workforce.

Is the job market for Accountants and Auditors competitive in Lexington-Fayette, KY?

With a Location Quotient below 1.0, the market is less concentrated than the national average, suggesting it may be less competitive and potentially offer more opportunities for qualified candidates.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,860 employees in the Lexington-Fayette, KY area with a job density of 6.581 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY