Average Accountants and Auditors Salary in Madison, WI
Accountants and Auditors in Madison, WI, earn an average annual salary of $87,100. This figure is slightly below the national average of $94,430, suggesting that while Madison offers a competitive market, it may not reach the highest national compensation benchmarks. Local economic factors and industry demand within the Madison area likely contribute to this specific pay scale.
Executive Summary
- Average Salary: $87,100 per year.
- Growth Trend: Salaries have shifted 17.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,520.
- Outlook: With a local workforce of 4,430 Accountants and Auditors, Madison, WI, demonstrates a significant presence in this profession. The Location Quotient of 1.16 indicates a concentration of these roles that is 16% higher than the national average, signaling a robust and potentially growing demand for accounting and auditing professionals within the region.
Salary Overview
The average Accountants and Auditors in Madison, WI earns-7.8%below the national average.
$41.9
$1,675
$7,258
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 Madison, WI, have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations.
Accountants and Auditors Salary Distribution in Madison, WI
The salary spectrum for Accountants and Auditors in Madison, WI, naturally widens with experience. Entry-level positions might start closer to the lower percentiles, while senior roles and specialized positions command salaries in the upper percentiles. This progression reflects the accumulation of skills, responsibilities, and proven expertise, offering clear career advancement pathways.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,910 | $29.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,325 | $31.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,490 | $38.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,875 | $52.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,520 | $58.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$87,100
Gross Pay
Real Wage (Purchasing Power)
$87,100
Adjusted for COL (100)
The average annual salary of $87,100 in Madison, WI, 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 Madison is equivalent to the national average, offering a stable financial standing without significant cost-of-living advantages or disadvantages compared to the rest of the country.
Job Market Context
4,430
Total Jobs
10.929
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Madison, WI has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
Madison, WI, boasts a Location Quotient of 1.16 for Accountants and Auditors, signifying a job market that is more concentrated with these professionals than the national average. This suggests a healthy demand and a well-established professional community, indicating that while opportunities exist, the market is competitive due to this higher concentration.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Accountants and Auditors Salary | $83,990↓ 4% | 33 mi |
| Rockford, IL Accountants and Auditors Salary | $73,890↓ 15% | 59 mi |
| Fond du Lac, WI Accountants and Auditors Salary | $82,880↓ 5% | 68 mi |
| Milwaukee-Waukesha, WI Accountants and Auditors Salary | $90,070↑ 3% | 72 mi |
| Oshkosh-Neenah, WI Accountants and Auditors Salary | $83,390↓ 4% | 77 mi |
Comparing salaries near Madison, WI
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Madison, WI?
The median annual salary for a Accountants and Auditors in Madison, WI is $87,100. This typically ranges from $60,910 for entry-level positions to $122,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 7.8% lower than the national median of $94,430.
Is Madison, WI a lucrative place for Accountants and Auditors?
Yes, with a caveat.Madison, WI offers a solid average salary of $87,100, which is competitive given its national average cost of living. The higher-than-average concentration of these roles (LQ 1.16) indicates strong local demand.
Is Madison, WI a good place to live for Accountants and Auditors?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($83,990) and Rockford, IL.
How does Madison's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Madison, WI, is $87,100, which is approximately 7.7% lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Madison, WI?
Madison, WI has a Location Quotient of 1.16 for Accountants and Auditors, meaning the profession is 16% more concentrated there than the national average.
How does the cost of living in Madison, WI affect salary perception?
With a Cost of Living Index of 100, Madison, WI, is exactly at the national average. Therefore, the $87,100 salary has the same purchasing power as the national average salary.
What is the total number of Accountants and Auditors in Madison, WI?
There are approximately 4,430 Accountants and Auditors employed in Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,430 employees in the Madison, WI area with a job density of 10.929 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 Madison, WI