Average Accountants and Auditors Salary in Midland, MI
Accountants and Auditors in Midland, MI, command an impressive average annual salary of $97,350, surpassing the national average of $94,430. This elevated compensation is likely influenced by the specific economic drivers and industry demands present within the Midland area, creating a favorable financial landscape for these professionals.
Executive Summary
- Average Salary: $97,350 per year.
- Growth Trend: Salaries have shifted 3.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,770.
- Outlook: With a local workforce of 530 Accountants and Auditors and a Location Quotient of 1.48, Midland, MI, demonstrates a significant concentration of these roles relative to the national average. This suggests a robust and potentially growing demand for accounting and auditing expertise within the region, indicating a healthy job market for skilled professionals.
Salary Overview
The average Accountants and Auditors in Midland, MI earns+3.1%above the national average.
$46.8
$1,872
$8,113
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 Midland, MI, have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for financial expertise, and evolving industry regulations typically contribute to upward salary adjustments in this sector.
Accountants and Auditors Salary Distribution in Midland, MI
Career progression for Accountants and Auditors in Midland, MI, is clearly reflected in salary differentials. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,130 | $29.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,013 | $35.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,390 | $41.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,688 | $58.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,770 | $74.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$97,350
Gross Pay
Real Wage (Purchasing Power)
$97,350
Adjusted for COL (100)
The average annual salary of $97,350 in Midland, MI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This indicates that the nominal salary offers a purchasing power equivalent to the national average, meaning your earnings will likely cover expenses at a comparable rate to other areas across the country.
Job Market Context
530
Total Jobs
13.891
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Midland, MI has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.48 for Accountants and Auditors in Midland, MI, signifies a market that is 48% more concentrated than the national average. This suggests that the demand for these professionals is relatively high compared to the general workforce, potentially leading to more job opportunities and competitive compensation for qualified individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bay City, MI Accountants and Auditors Salary | $74,830↓ 23% | 17 mi |
| Saginaw, MI Accountants and Auditors Salary | $79,490↓ 18% | 20 mi |
| Mid Michigan nonmetropolitan area Accountants and Auditors Salary | $76,300↓ 22% | 26 mi |
| Southern Michigan nonmetropolitan area Accountants and Auditors Salary | $78,000↓ 20% | 26 mi |
| Northern Michigan nonmetropolitan area Accountants and Auditors Salary | $73,430↓ 25% | 26 mi |
Comparing salaries near Midland, MI
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Midland, MI?
The median annual salary for a Accountants and Auditors in Midland, MI is $97,350. This typically ranges from $61,130 for entry-level positions to $154,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Midland, MI is 3.1% higher than the national median of $94,430.
Is Midland, MI a lucrative place for Accountants and Auditors?
Yes, Midland, MI, offers a lucrative environment for Accountants and Auditors.The average salary of $97,350 is higher than the national average, and the strong concentration of these roles (LQ of 1.48) indicates robust local demand.
Is Midland, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Midland, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Midland, MI?
Some top paying nearby cities include Bay City, MI ($74,830) and Saginaw, MI.
How does the Midland, MI salary compare to the national average?
The average annual salary for Accountants and Auditors in Midland, MI, is $97,350, which is higher than the national average of $94,430.
What is the concentration of Accountants and Auditors in Midland, MI?
Midland, MI, has a Location Quotient of 1.48 for Accountants and Auditors, indicating a concentration that is 48% higher than the national average.
How does the cost of living in Midland, MI, affect the salary?
With a Cost of Living Index of 100, Midland, MI, is at the national average. This means the $97,350 salary provides purchasing power equivalent to the national average.
What does the job market look like for Accountants and Auditors in Midland, MI?
The job market appears strong, with a significant number of professionals (13.891 per 1,000 workers) and a higher-than-average concentration (LQ 1.48), suggesting good demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Midland, MI area with a job density of 13.891 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 Midland, MI