Average Accountants and Auditors Salary in Lynchburg, VA
Accountants and Auditors in Lynchburg, VA, earn an average annual salary of $81,050. 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 Virginia city.
Executive Summary
- Average Salary: $81,050 per year.
- Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,440.
- Outlook: With a local workforce of 760 Accountants and Auditors and a Location Quotient of 0.83, Lynchburg presents a moderately concentrated but stable job market for these professionals. The presence of nearly 8 professionals per 1,000 workers indicates a consistent, albeit not overwhelmingly high, demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Lynchburg, VA earns-14.2%below the national average.
$39
$1,559
$6,754
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in Lynchburg, mirroring national trends, have experienced steady growth over the past four years. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of regulatory environments.
Accountants and Auditors Salary Distribution in Lynchburg, VA
Salary progression for Accountants and Auditors in Lynchburg, as elsewhere, is strongly tied to experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect to earn significantly more, potentially reaching into higher salary percentiles. The gap between entry-level and senior roles signifies substantial career growth opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,290 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,788 | $29.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,020 | $36.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,313 | $48.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,440 | $57.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$81,050
Gross Pay
Real Wage (Purchasing Power)
$81,050
Adjusted for COL (100)
The average annual salary of $81,050 in Lynchburg aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor's salary in Lynchburg is equivalent to the national average, offering a stable financial standing relative to the cost of essential goods and services.
Job Market Context
760
Total Jobs
7.838
Per 1K Jobs
0.83
Location Quotient
Lynchburg, VA has 0.83x 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 0.83 indicates that Lynchburg has a slightly lower concentration of Accountants and Auditors compared to the national average. This suggests that while the profession is well-established, the market may not be oversaturated, potentially offering good opportunities for skilled professionals seeking employment without facing intense competition.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Roanoke, VA Accountants and Auditors Salary | $76,000↓ 6% | 43 mi |
| Staunton-Stuarts Draft, VA Accountants and Auditors Salary | $78,140↓ 4% | 53 mi |
| Charlottesville, VA Accountants and Auditors Salary | $88,200↑ 9% | 59 mi |
| Southside Virginia nonmetropolitan area Accountants and Auditors Salary | $77,120↓ 5% | 61 mi |
| Northern West Virginia nonmetropolitan area Accountants and Auditors Salary | $71,080↓ 12% | 61 mi |
Comparing salaries near Lynchburg, VA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Lynchburg, VA?
The median annual salary for a Accountants and Auditors in Lynchburg, VA is $81,050. This typically ranges from $48,290 for entry-level positions to $119,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lynchburg, VA is 14.2% lower than the national median of $94,430.
Is Lynchburg, VA a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to national averages.While the average salary of $81,050 is competitive within the local market, it falls below the national average. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Lynchburg, VA a good place to live for Accountants and Auditors?
The Cost of Living Index in Lynchburg, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lynchburg, VA?
Some top paying nearby cities include Roanoke, VA ($76,000) and Staunton-Stuarts Draft, VA.
How does Lynchburg's Accountant salary compare to the national average?
Accountants and Auditors in Lynchburg earn an average of $81,050 annually, which is less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Lynchburg?
The concentration, measured by the Location Quotient, is 0.83, indicating a slightly lower presence of these professionals compared to the national average.
How does the cost of living in Lynchburg affect salary perception?
With a Cost of Living Index of 100, Lynchburg's cost of living is exactly at the national average, meaning the $81,050 salary offers standard purchasing power.
What does the number of jobs per 1,000 workers signify for Accountants and Auditors in Lynchburg?
The figure of 7.838 jobs per 1,000 workers suggests a steady demand for accounting and auditing services within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Lynchburg, VA area with a job density of 7.838 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 Lynchburg, VA