Average Accountants and Auditors Salary in Lima, OH
Accountants and Auditors in Lima, OH, can expect an average annual salary of $75,880. This figure is notably below the national average of $94,430, reflecting localized economic factors and demand within the region. The specific pay scales in Lima are influenced by the concentration of these roles and the overall economic landscape of the area.
Executive Summary
- Average Salary: $75,880 per year.
- Growth Trend: Salaries have shifted 18.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,000.
- Outlook: The job market for Accountants and Auditors in Lima, OH, appears stable, with a total local workforce of 320 professionals. The Location Quotient of 0.7 suggests a slightly lower concentration of these roles compared to the national average, indicating a moderate but not oversaturated demand. While not a hub, the consistent presence of these roles signifies ongoing opportunities within the local economy.
Salary Overview
The average Accountants and Auditors in Lima, OH earns-19.6%below the national average.
$36.5
$1,459
$6,323
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Lima, OH, is not provided, it is reasonable to assume that salaries for Accountants and Auditors have experienced a gradual upward trend over the past four years, mirroring national patterns of wage growth driven by inflation and increasing demand for financial expertise. This general growth trend likely applies to the Lima market as well, though potentially at a different pace than major metropolitan areas.
Accountants and Auditors Salary Distribution in Lima, OH
Career progression for Accountants and Auditors in Lima, OH, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, those with specialized certifications, or those in management positions can command salaries substantially higher than the average. The percentile gaps in salary distributions clearly signify these opportunities for advancement and increased earning potential.
| 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) | $56,910 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,110 | $33.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,850 | $45.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,000 | $54.8 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$75,880
Gross Pay
Real Wage (Purchasing Power)
$75,880
Adjusted for COL (100)
For individuals considering a move to Lima, OH, the average annual salary of $75,880 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Lima is equivalent to the national average, making the nominal salary effectively translate to a comparable standard of living across the country.
Job Market Context
320
Total Jobs
6.533
Per 1K Jobs
0.7
Location Quotient
Lima, OH 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.
With a Location Quotient of 0.7, Lima, OH, has a slightly lower concentration of Accountants and Auditors than the national average. This suggests that while the profession is present and necessary, it is not as densely populated as in other regions. This could translate to a less competitive job market for employers seeking talent, but potentially more opportunities for individual professionals looking to establish themselves in the area.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Springfield, OH Accountants and Auditors Salary | $74,850↓ 1% | 58 mi |
| Fort Wayne, IN Accountants and Auditors Salary | $79,790↑ 5% | 59 mi |
| Dayton-Kettering-Beavercreek, OH Accountants and Auditors Salary | $86,560↑ 14% | 67 mi |
| Toledo, OH Accountants and Auditors Salary | $87,970↑ 16% | 69 mi |
| North Northeastern Ohio nonmetropolitan area (noncontiguous) Accountants and Auditors Salary | $76,300↑ 1% | 75 mi |
Comparing salaries near Lima, OH
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Frequently Asked Questions
How much does a Accountants and Auditors make in Lima, OH?
The median annual salary for a Accountants and Auditors in Lima, OH is $75,880. This typically ranges from $46,660 for entry-level positions to $114,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lima, OH is 19.6% lower than the national median of $94,430.
Is Lima, OH a lucrative place for Accountants and Auditors?
No, but it offers stable opportunities.While the average salary of $75,880 is below the national average, the cost of living in Lima, OH, is also at the national average, meaning your earnings have equivalent purchasing power. The market is stable with a moderate concentration of professionals.
Is Lima, OH a good place to live for Accountants and Auditors?
The Cost of Living Index in Lima, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lima, OH?
Some top paying nearby cities include Springfield, OH ($74,850) and Fort Wayne, IN.
How does Lima, OH compare to the national average salary for Accountants and Auditors?
The average annual salary for Accountants and Auditors in Lima, OH, is $75,880, which is below the national average of $94,430.
What is the cost of living in Lima, OH, for Accountants and Auditors?
The cost of living in Lima, OH, is exactly at the national average, indicated by an index of 100. This means that the purchasing power of salaries in Lima is comparable to the national average.
How concentrated are Accountants and Auditors in Lima, OH, compared to the rest of the US?
The concentration of Accountants and Auditors in Lima, OH, is slightly lower than the national average, with a Location Quotient of 0.7. This suggests a moderate presence of these professionals in the local job market.
What does the number of jobs per 1,000 workers indicate for Accountants and Auditors in Lima, OH?
With 6.533 jobs per 1,000 workers, Lima, OH, shows a steady demand for Accountants and Auditors, reflecting their essential role in the local business ecosystem.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Lima, OH area with a job density of 6.533 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 Lima, OH