Average Accountants and Auditors Salary in Mayaguez, PR
Accountants and Auditors in Mayaguez, Puerto Rico, earn an average annual salary of $39,560. This figure stands significantly below the national average of $94,430, reflecting regional economic factors and the specific demand within the local market. While the nominal salary is lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $39,560 per year.
- Growth Trend: Salaries have shifted 18.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,500.
- Outlook: With a local workforce of 510 Accountants and Auditors, Mayaguez demonstrates a stable presence in this profession. The Location Quotient of 1.05 suggests a concentration of these roles that is slightly above the national average, indicating a healthy, albeit not overwhelmingly dominant, demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Mayaguez, PR earns-58.1%below the national average.
$19
$761
$3,297
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Accountants and Auditors in Mayaguez have experienced gradual growth over the past four years, mirroring broader economic trends and inflation. This steady, albeit potentially modest, increase would aim to keep pace with evolving industry standards and the cost of living.
Accountants and Auditors Salary Distribution in Mayaguez, PR
Salary progression for Accountants and Auditors in Mayaguez typically sees a significant increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and responsibility, command higher compensation. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $22,260 | $10.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $29,670 | $14.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $32,180 | $15.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $49,450 | $23.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,500 | $27.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$39,560
Gross Pay
Real Wage (Purchasing Power)
$39,560
Adjusted for COL (100)
The average annual salary of $39,560 in Mayaguez, PR, aligns directly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant and Auditor's salary in Mayaguez is comparable to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary translates effectively to local expenses.
Job Market Context
510
Total Jobs
9.859
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Mayaguez, PR has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.05 indicates that Accountants and Auditors are slightly more concentrated in Mayaguez than the national average. This suggests a competitive job market where employers may have a good pool of local talent, but also signifies a consistent need for these professionals within the local economy. It's neither oversaturated nor scarce, presenting a balanced employment landscape.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Aguadilla, PR Accountants and Auditors Salary | $36,550↓ 8% | 16 mi |
| Arecibo, PR Accountants and Auditors Salary | $36,900↓ 7% | 29 mi |
| Puerto Rico nonmetropolitan area Accountants and Auditors Salary | $34,460↓ 13% | 33 mi |
| Ponce, PR Accountants and Auditors Salary | $36,900↓ 7% | 34 mi |
| Guayama, PR Accountants and Auditors Salary | $37,150↓ 6% | 67 mi |
Comparing salaries near Mayaguez, PR
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Frequently Asked Questions
How much does a Accountants and Auditors make in Mayaguez, PR?
The median annual salary for a Accountants and Auditors in Mayaguez, PR is $39,560. This typically ranges from $22,260 for entry-level positions to $56,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mayaguez, PR is 58.1% lower than the national median of $94,430.
Is Mayaguez, PR a lucrative place for Accountants and Auditors?
No, not when compared to the national average salary.While the cost of living is on par with the national average, the average salary of $39,560 is substantially lower than the national average of $94,430, indicating less lucrative earning potential in nominal terms.
Is Mayaguez, PR a good place to live for Accountants and Auditors?
The Cost of Living Index in Mayaguez, PR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mayaguez, PR?
Some top paying nearby cities include Aguadilla, PR ($36,550) and Arecibo, PR.
How does the Mayaguez Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Mayaguez, PR, is $39,560, which is considerably lower than the national average of $94,430.
What is the Cost of Living in Mayaguez, PR?
Mayaguez, PR, has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the United States.
Is there strong demand for Accountants and Auditors in Mayaguez?
With a Location Quotient of 1.05, the concentration of Accountants and Auditors in Mayaguez is slightly above the national average, suggesting a stable and consistent demand for these professionals in the local job market.
How does experience affect Accountant salaries in Mayaguez?
Experience plays a significant role in salary progression, with entry-level positions offering lower pay and senior roles commanding substantially higher compensation, reflecting increased responsibility and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Mayaguez, PR area with a job density of 9.859 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 Mayaguez, PR