Average Accountants and Auditors Salary in Lower West Mississippi nonmetropolitan area
Accountants and Auditors in the Lower West Mississippi nonmetropolitan area earn an average annual salary of $75,180. This figure is notably below the national average of $94,430, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as local industry concentration and the overall economic activity in nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $75,180 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,690.
- Outlook: The job market for Accountants and Auditors in the Lower West Mississippi nonmetropolitan area, with a total local workforce of 380, indicates a modest presence. The Location Quotient of 0.5 suggests that this profession is less concentrated here compared to the national average, implying a potentially less robust demand or a smaller specialized talent pool within the region.
Salary Overview
The average Accountants and Auditors in Lower West Mississippi nonmetropolitan area earns-20.4%below the national average.
$36.2
$1,446
$6,265
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it's generally assumed that salaries for Accountants and Auditors have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing regulatory complexity, the need for financial oversight, and the ongoing demand for skilled financial professionals across various sectors.
Accountants and Auditors Salary Distribution in Lower West Mississippi nonmetropolitan area
Career progression for Accountants and Auditors significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distribution clearly signify the rewards associated with advancing through junior, mid-level, and senior accounting and auditing roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,840 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,385 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,380 | $31.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,975 | $45.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,690 | $56.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$75,180
Gross Pay
Real Wage (Purchasing Power)
$75,180
Adjusted for COL (100)
The average annual salary of $75,180 in the Lower West Mississippi nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national standard, offering a stable financial footing for residents.
Job Market Context
380
Total Jobs
4.682
Per 1K Jobs
0.5
Location Quotient
Lower West Mississippi nonmetropolitan area has 0.50x 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 0.5, the market for Accountants and Auditors in the Lower West Mississippi nonmetropolitan area is less concentrated than the national average. This suggests that while there is a consistent need for these professionals, the job market may be less competitive, potentially offering more opportunities for skilled individuals to establish themselves without facing intense competition from a large pool of local talent.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Accountants and Auditors Salary | $77,440↑ 3% | 43 mi |
Comparing salaries near Lower West Mississippi nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Lower West Mississippi nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Lower West Mississippi nonmetropolitan area is $75,180. This typically ranges from $38,840 for entry-level positions to $116,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower West Mississippi nonmetropolitan area is 20.4% lower than the national median of $94,430.
Is Lower West Mississippi nonmetropolitan area a lucrative place for Accountants and Auditors?
No, not when compared to national averages.While the salary of $75,180 is substantial, it falls significantly short of the national average of $94,430. However, the cost of living being at the national average means the purchasing power is comparable.
Is Lower West Mississippi nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Lower West Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower West Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($77,440) and others.
How does the number of local workers affect job prospects?
A total local workforce of 380 suggests a smaller, more niche market for Accountants and Auditors. This can mean fewer overall openings but potentially less competition for those seeking employment.
What does a Location Quotient of 0.5 mean for job seekers?
A Location Quotient of 0.5 indicates that Accountants and Auditors are half as concentrated in this area compared to the national average. This implies that the demand might be lower or that the profession is less established in this nonmetropolitan region.
How does the Cost of Living Index impact the $75,180 salary?
With a Cost of Living Index of 100, the $75,180 salary has the same purchasing power as it would nationally. This means that despite the lower nominal salary, the standard of living is comparable to the national average.
Are there many Accountants and Auditors in this region?
With 4.682 jobs per 1,000 workers, the presence of Accountants and Auditors is present but not overwhelmingly concentrated, aligning with the lower Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Lower West Mississippi nonmetropolitan area area with a job density of 4.682 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 Lower West Mississippi nonmetropolitan area