Average Accountants and Auditors Salary in Monroe, LA
Accountants and Auditors in Monroe, LA, earn an average annual salary of $74,260. This figure is notably below the national average of $94,430, suggesting that local economic factors and market demand play a significant role in compensation within this Louisiana city. The specific pay rates are influenced by the regional economic landscape and the concentration of businesses requiring accounting services.
Executive Summary
- Average Salary: $74,260 per year.
- Growth Trend: Salaries have shifted 1.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,960.
- Outlook: With a local workforce of 450 Accountants and Auditors, Monroe, LA, presents a moderately sized professional community. The Location Quotient of 0.55 indicates that this profession is less concentrated in Monroe compared to the national average, suggesting a potentially stable but not overly saturated job market. The rate of 5.181 jobs per 1,000 workers further contextualizes the demand within the local economy.
Salary Overview
The average Accountants and Auditors in Monroe, LA earns-21.4%below the national average.
$35.7
$1,428
$6,188
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Monroe, LA, is not provided, it is generally assumed that salaries for Accountants and Auditors nationwide have experienced steady growth over the past four years, driven by inflation, increasing demand for financial expertise, and evolving regulatory landscapes. This national trend likely translates to incremental salary increases for professionals in Monroe, albeit potentially at a different pace than in major metropolitan areas.
Accountants and Auditors Salary Distribution in Monroe, LA
Career progression for Accountants and Auditors in Monroe, LA, typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the gap between starting salaries and those earned by seasoned professionals with specialized skills or management responsibilities can be substantial, reflecting the value of experience and expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,870 | $21.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,695 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,280 | $31.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,825 | $44.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,960 | $58.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,260
Gross Pay
Real Wage (Purchasing Power)
$74,260
Adjusted for COL (100)
The average annual salary of $74,260 in Monroe, LA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Monroe is equivalent to the national average, offering a balanced financial standing relative to living expenses.
Job Market Context
450
Total Jobs
5.181
Per 1K Jobs
0.55
Location Quotient
Monroe, LA has 0.55x 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 0.55 signifies that Accountants and Auditors are less prevalent in Monroe, LA, than the national average. This suggests that while the profession is present, it is not a dominant industry hub, potentially leading to less intense competition for roles but also fewer specialized opportunities compared to more concentrated markets.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Accountants and Auditors Salary | $76,480↑ 3% | 88 mi |
| Southwest Louisiana nonmetropolitan area Accountants and Auditors Salary | $74,160↓ 0% | 94 mi |
| Central Louisiana nonmetropolitan area Accountants and Auditors Salary | $83,210↑ 12% | 94 mi |
| Northeast Louisiana nonmetropolitan area Accountants and Auditors Salary | $79,870↑ 8% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Monroe, LA?
The median annual salary for a Accountants and Auditors in Monroe, LA is $74,260. This typically ranges from $44,870 for entry-level positions to $120,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 21.4% lower than the national median of $94,430.
Is Monroe, LA a lucrative place for Accountants and Auditors?
No, it is not considered particularly lucrative compared to the national average.The average salary of $74,260 is significantly lower than the national average of $94,430. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Monroe, LA a good place to live for Accountants and Auditors?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($76,480) and Southwest Louisiana nonmetropolitan area.
How does the Monroe, LA Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Monroe, LA, is $74,260, which is considerably lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Monroe, LA?
The concentration, measured by the Location Quotient, is 0.55, indicating that the profession is less common in Monroe relative to the national average.
How does the cost of living in Monroe, LA affect salary perception?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $74,260 salary offers standard purchasing power.
What is the job market like for Accountants and Auditors in Monroe, LA?
The job market is moderately sized with 450 professionals and a lower concentration than the national average, suggesting stable demand without extreme competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Monroe, LA area with a job density of 5.181 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 Monroe, LA