Average Accountants and Auditors Salary in Memphis, TN-MS-AR
Accountants and Auditors in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $81,700. This figure is notably below the national average of $94,430, reflecting regional economic factors and the specific demand dynamics within the local market. While the nominal salary may seem lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $81,700 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,490.
- Outlook: The Memphis area supports a substantial workforce of 4,030 Accountants and Auditors. With a Location Quotient of 0.69, the concentration of these professionals is below the national average, suggesting a market that is not oversaturated but may indicate a slightly lower demand relative to other regions. The presence of over 4,000 professionals signifies a stable and established professional community.
Salary Overview
The average Accountants and Auditors in Memphis, TN-MS-AR earns-13.5%below the national average.
$39.3
$1,571
$6,808
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Memphis is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the region have experienced growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive upward pressure on compensation for skilled financial professionals.
Accountants and Auditors Salary Distribution in Memphis, TN-MS-AR
Career progression for Accountants and Auditors in Memphis is typically marked by increasing salary potential. Entry-level positions often start at the lower end of the pay scale, while senior roles, those with specialized certifications, or management positions command significantly higher compensation. The percentile gaps in salary distribution highlight the substantial rewards associated with gaining experience and expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,950 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,275 | $29.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,080 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,125 | $49.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,490 | $59.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$81,700
Gross Pay
Real Wage (Purchasing Power)
$81,700
Adjusted for COL (100)
The average annual salary of $81,700 for Accountants and Auditors in Memphis aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary has the same purchasing power as the national average, making the Memphis area financially comparable to the rest of the country in terms of everyday expenses.
Job Market Context
4,030
Total Jobs
6.501
Per 1K Jobs
0.69
Location Quotient
Memphis, TN-MS-AR has 0.69x 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 0.69 indicates that Accountants and Auditors are less concentrated in the Memphis area compared to the national average. This suggests that while the profession is present and supported by a workforce of over 4,000 individuals, the job market may be less competitive than in areas with a higher concentration, potentially offering more opportunities for skilled professionals seeking employment.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Accountants and Auditors Salary | $69,990↓ 14% | 64 mi |
| Jackson, TN Accountants and Auditors Salary | $72,950↓ 11% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Memphis, TN-MS-AR?
The median annual salary for a Accountants and Auditors in Memphis, TN-MS-AR is $81,700. This typically ranges from $48,950 for entry-level positions to $124,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 13.5% lower than the national median of $94,430.
Is Memphis, TN-MS-AR 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 for Accountants and Auditors in Memphis is below the national benchmark. This indicates that the earning potential in this specific role is less lucrative in Memphis compared to other regions.
Is Memphis, TN-MS-AR a good place to live for Accountants and Auditors?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($69,990) and Jackson, TN.
What is the average salary for Accountants and Auditors in Memphis, TN-MS-AR?
The average annual salary for Accountants and Auditors in the Memphis, TN-MS-AR metropolitan area is $81,700.
How does the Memphis salary compare to the national average?
The average salary in Memphis ($81,700) is lower than the national average salary of $94,430 for Accountants and Auditors.
What is the Cost of Living in Memphis, TN-MS-AR?
The Cost of Living Index in Memphis is 100, which is the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How concentrated are Accountants and Auditors in Memphis?
The concentration of Accountants and Auditors in Memphis, indicated by a Location Quotient of 0.69, is below the national average, suggesting a less dense professional presence compared to other areas.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,030 employees in the Memphis, TN-MS-AR area with a job density of 6.501 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 Memphis, TN-MS-AR