Average Accountants and Auditors Salary in Morristown, TN
Accountants and Auditors in Morristown, TN, earn an average annual salary of $73,310. This figure is notably below the national average of $94,430, reflecting regional economic factors and the specific demand within the local market. The compensation reflects the unique economic landscape and industry concentration in the Morristown area.
Executive Summary
- Average Salary: $73,310 per year.
- Growth Trend: Salaries have shifted 25.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,830.
- Outlook: With a total local workforce of 210 Accountants and Auditors, the job market in Morristown, TN, presents a moderate concentration, indicated by a Location Quotient of 0.47. While not a national hub for this profession, the presence of 4.426 jobs per 1,000 workers suggests a stable, albeit niche, demand for these financial professionals within the local economy.
Salary Overview
The average Accountants and Auditors in Morristown, TN earns-22.4%below the national average.
$35.2
$1,410
$6,109
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Morristown, TN 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 complexity of financial regulations, and a consistent demand for skilled professionals. This national trend likely influences local compensation adjustments, even if at a different pace.
Accountants and Auditors Salary Distribution in Morristown, TN
The salary spectrum for Accountants and Auditors in Morristown, TN, typically ranges from entry-level positions to senior roles. As professionals gain experience and develop specialized skills, their earning potential increases significantly. The percentile gaps in salary distribution highlight clear career progression pathways, rewarding increased expertise and responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,580 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,983 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,200 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,638 | $44.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,830 | $55.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$73,310
Gross Pay
Real Wage (Purchasing Power)
$73,310
Adjusted for COL (100)
The average annual salary of $73,310 in Morristown, TN, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of an Accountant or Auditor in Morristown is equivalent to that of someone earning the national average salary in a location with a national average cost of living.
Job Market Context
210
Total Jobs
4.426
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Morristown, TN has a notably lower concentration of Accountants and Auditors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.47 for Accountants and Auditors in Morristown, TN, indicates that this profession is less concentrated locally compared to the national average. This suggests that while there is a consistent need for these professionals, the market is not saturated, potentially offering good opportunities for skilled individuals entering the workforce or seeking to relocate.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Knoxville, TN Accountants and Auditors Salary | $80,870↑ 10% | 40 mi |
| Kingsport-Bristol, TN-VA Accountants and Auditors Salary | $78,850↑ 8% | 47 mi |
| Johnson City, TN Accountants and Auditors Salary | $69,100↓ 6% | 52 mi |
| Asheville, NC Accountants and Auditors Salary | $84,390↑ 15% | 61 mi |
Comparing salaries near Morristown, TN
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Morristown, TN?
The median annual salary for a Accountants and Auditors in Morristown, TN is $73,310. This typically ranges from $42,580 for entry-level positions to $114,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Morristown, TN is 22.4% lower than the national median of $94,430.
Is Morristown, TN a lucrative place for Accountants and Auditors?
No, it is not considered highly lucrative compared to national averages.The average salary of $73,310 is significantly lower than the national average of $94,430. However, the cost of living is on par with the national average, meaning the lower salary may offer comparable purchasing power locally.
Is Morristown, TN a good place to live for Accountants and Auditors?
The Cost of Living Index in Morristown, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Morristown, TN?
Some top paying nearby cities include Knoxville, TN ($80,870) and Kingsport-Bristol, TN-VA.
How does the local job market compare to the national market for Accountants and Auditors?
The local job market in Morristown, TN, has a lower concentration of Accountants and Auditors compared to the national average, as indicated by a Location Quotient of 0.47. This suggests fewer job opportunities relative to the national scale, but a stable presence.
What is the cost of living in Morristown, TN for Accountants and Auditors?
The Cost of Living Index in Morristown, TN, is 100, which is exactly the national average. This means that the expenses for goods and services are comparable to the national average.
How many Accountants and Auditors are there in Morristown, TN?
There are approximately 210 Accountants and Auditors employed in Morristown, TN, representing 4.426 jobs per 1,000 workers in the local workforce.
Does experience significantly impact an Accountant's salary in Morristown, TN?
Yes, experience is a key factor in salary progression for Accountants and Auditors. As professionals advance from entry-level to senior positions, their earning potential increases substantially, reflecting greater expertise and responsibility.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Morristown, TN area with a job density of 4.426 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 Morristown, TN