Average Accountants and Auditors Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
Accountants and Auditors in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $86,870. This figure is notably below the national average of $94,430, suggesting that local market dynamics, industry concentration, or cost of living may influence compensation levels in this region. Understanding these local factors is crucial for professionals seeking to optimize their earning potential.
Executive Summary
- Average Salary: $86,870 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,000.
- Outlook: With a local workforce of 11,060 Accountants and Auditors, the Nashville metropolitan area demonstrates a significant presence in this sector. The jobs per 1,000 workers metric stands at 10.087, indicating a healthy demand for these professionals within the region. This robust employment landscape suggests a stable and potentially growing job market for accounting and auditing roles.
Salary Overview
The average Accountants and Auditors in Nashville-Davidson--Murfreesboro--Franklin, TN earns-8.0%below the national average.
$41.8
$1,671
$7,239
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing profession has experienced steady salary growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely influenced by increasing demand for financial expertise, evolving regulatory landscapes, and the continuous need for skilled professionals to manage complex financial operations.
Accountants and Auditors Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
Salary progression for Accountants and Auditors typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command substantially higher salaries, reaching into the upper percentiles. The widening gap between entry-level and senior roles highlights clear career progression pathways and the value placed on accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,040 | $27.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,153 | $31.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,310 | $38.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,588 | $52.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,000 | $62.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,870
Gross Pay
Real Wage (Purchasing Power)
$86,870
Adjusted for COL (100)
The nominal average annual salary of $86,870 in Nashville-Davidson--Murfreesboro--Franklin, TN aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of an Accountant's salary in this region is equivalent to the national average, indicating a balanced financial environment where typical expenses are neither significantly higher nor lower than elsewhere in the country.
Job Market Context
11,060
Total Jobs
10.087
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Nashville-Davidson--Murfreesboro--Franklin, TN has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
The Location Quotient of 1.07 for Accountants and Auditors in Nashville-Davidson--Murfreesboro--Franklin, TN indicates a slightly higher concentration of these professionals compared to the national average. This suggests a moderately competitive market where demand is robust, but perhaps not overwhelmingly saturated, offering good opportunities for skilled individuals to find employment.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| East Tennessee nonmetropolitan area Accountants and Auditors Salary | $72,250↓ 17% | 29 mi |
| South Central Tennessee nonmetropolitan area Accountants and Auditors Salary | $77,670↓ 11% | 29 mi |
| West Tennessee nonmetropolitan area Accountants and Auditors Salary | $74,840↓ 14% | 29 mi |
| North Central Tennessee nonmetropolitan area Accountants and Auditors Salary | $73,040↓ 16% | 29 mi |
| Clarksville, TN-KY Accountants and Auditors Salary | $73,640↓ 15% | 42 mi |
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Accountants and Auditors in Nashville-Davidson--Murfreesboro--Franklin, TN is $86,870. This typically ranges from $57,040 for entry-level positions to $130,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 8.0% lower than the national median of $94,430.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Accountants and Auditorss?
No, not when compared to the national average salary.While the local salary of $86,870 is substantial, it falls below the national average of $94,430. However, the cost of living being at the national average suggests that the purchasing power is comparable, making it a stable, though not exceptionally lucrative, market.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Accountants and Auditors?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include East Tennessee nonmetropolitan area ($72,250) and South Central Tennessee nonmetropolitan area.
How does the Nashville Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Nashville is $86,870, which is approximately $7,560 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Nashville?
Nashville has a slightly higher concentration of Accountants and Auditors than the national average, with a Location Quotient of 1.07, indicating a robust presence of these professionals.
How does the cost of living in Nashville affect salary perception?
The Cost of Living Index in Nashville is 100, which is the national average. This means the $86,870 salary has purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
What is the total workforce size for Accountants and Auditors in Nashville?
There are approximately 11,060 Accountants and Auditors employed within the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,060 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 10.087 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 Nashville-Davidson--Murfreesboro--Franklin, TN