Average Accountants and Auditors Salary in Morgantown, WV
Accountants and Auditors in Morgantown, WV, earn an average annual salary of $77,330. This figure is notably below the national average of $94,430, suggesting that local economic factors and industry demand play a significant role in compensation within this Appalachian region. While the nominal salary may seem lower, understanding the local market dynamics is crucial for career planning.
Executive Summary
- Average Salary: $77,330 per year.
- Growth Trend: Salaries have shifted 9.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,330.
- Outlook: The job market for Accountants and Auditors in Morgantown, WV, is characterized by a local workforce of 490 professionals. With a Location Quotient of 0.78, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand relative to other professions. The presence of 7.293 jobs per 1,000 workers suggests a consistent need for accounting services within the Morgantown area.
Salary Overview
The average Accountants and Auditors in Morgantown, WV earns-18.1%below the national average.
$37.2
$1,487
$6,444
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Morgantown's Accountant and Auditor salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national economic growth and inflation. Typically, accounting roles experience steady salary progression as professionals gain experience and the demand for financial expertise evolves with market conditions and regulatory changes.
Accountants and Auditors Salary Distribution in Morgantown, WV
Salary progression for Accountants and Auditors in Morgantown, WV, typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior accountants and auditors with specialized skills and extensive experience can command significantly higher salaries, potentially reaching the upper percentiles. The gap between entry-level and senior roles signifies clear career advancement opportunities within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,560 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,998 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,970 | $35.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,663 | $46.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,330 | $50.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$77,330
Gross Pay
Real Wage (Purchasing Power)
$77,330
Adjusted for COL (100)
The average annual salary of $77,330 for Accountants and Auditors in Morgantown, WV, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making the nominal salary figure a fair representation of living expenses without a significant premium or discount.
Job Market Context
490
Total Jobs
7.293
Per 1K Jobs
0.78
Location Quotient
Morgantown, WV has 0.78x 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.
With a Location Quotient of 0.78, Morgantown, WV, has a slightly lower concentration of Accountants and Auditors compared to the national average. This suggests that while the profession is present and necessary, it is not a dominant industry in the local economy. The job market is therefore moderately competitive, with opportunities available but perhaps fewer than in areas with a higher concentration of financial services firms.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Wheeling, WV-OH Accountants and Auditors Salary | $73,340↓ 5% | 50 mi |
| Pittsburgh, PA Accountants and Auditors Salary | $81,560↑ 5% | 55 mi |
| Weirton-Steubenville, WV-OH Accountants and Auditors Salary | $70,260↓ 9% | 62 mi |
| Johnstown, PA Accountants and Auditors Salary | $72,340↓ 6% | 72 mi |
| Parkersburg-Vienna, WV Accountants and Auditors Salary | $94,360↑ 22% | 89 mi |
Comparing salaries near Morgantown, WV
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Morgantown, WV?
The median annual salary for a Accountants and Auditors in Morgantown, WV is $77,330. This typically ranges from $48,560 for entry-level positions to $104,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Morgantown, WV is 18.1% lower than the national median of $94,430.
Is Morgantown, WV a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $77,330 is solid and aligns with the national cost of living, it falls significantly short of the national average salary of $94,430. This indicates that Morgantown offers a standard, rather than premium, compensation for these roles.
Is Morgantown, WV a good place to live for Accountants and Auditors?
The Cost of Living Index in Morgantown, WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Morgantown, WV?
Some top paying nearby cities include Wheeling, WV-OH ($73,340) and Pittsburgh, PA.
How does the Morgantown Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Morgantown, WV, is $77,330, which is approximately $17,100 less than the national average of $94,430.
What is the cost of living in Morgantown, WV for professionals?
Morgantown, WV, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
Is there high demand for Accountants and Auditors in Morgantown, WV?
The demand is moderate, with 7.293 jobs per 1,000 workers and a Location Quotient of 0.78, indicating a slightly lower concentration of these roles than the national average.
How does experience affect an Accountant's salary in Morgantown, WV?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher pay, reflecting typical career progression and increased responsibility within the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Morgantown, WV area with a job density of 7.293 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 Morgantown, WV