Average Accountants and Auditors Salary in New Jersey
Accountants and Auditors in New Jersey command an impressive average annual salary of $113,110, significantly surpassing the national average of $94,430. This elevated compensation is largely driven by New Jersey's robust economic landscape, high demand for financial expertise, and the concentration of major corporations requiring sophisticated accounting services.
Executive Summary
- Average Salary: $113,110 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,230.
- Outlook: The job market for Accountants and Auditors in New Jersey appears robust, evidenced by a substantial local workforce of 43,540 professionals. The Location Quotient of 1.09 indicates a slightly higher concentration of these roles compared to the national average, suggesting consistent demand and a healthy job environment for financial professionals within the state.
Salary Overview
The average Accountants and Auditors in New Jersey earns+19.8%above the national average.
$54.4
$2,175
$9,426
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Accountants and Auditors in New Jersey has experienced steady growth over the past four years, mirroring national trends. Factors such as increasing regulatory complexity, evolving business needs, and inflation likely contribute to this upward salary trajectory.
Accountants and Auditors Salary Distribution in New Jersey
Salary progression for Accountants and Auditors in New Jersey typically correlates strongly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, reflecting a significant earning potential increase throughout a career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,670 | $31.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,833 | $40.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $101,340 | $48.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $141,388 | $68 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $166,230 | $79.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$113,110
Gross Pay
Real Wage (Purchasing Power)
$100,632
Adjusted for COL (112.4)
While the average annual salary of $113,110 in New Jersey is notably higher than the national average, the Cost of Living Index of 112.4 suggests that expenses are approximately 12.4% above the national norm. This means that while the nominal salary is attractive, the purchasing power needs to be considered in relation to the higher cost of goods and services in the state.
Job Market Context
43,540
Total Jobs
10.243
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, New Jersey has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.09, New Jersey demonstrates a slightly higher concentration of Accountants and Auditors than the national average. This suggests a competitive yet accessible job market, where demand is present and potentially growing, offering good opportunities for both new entrants and experienced professionals in the field.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Accountants and Auditors Salary | $104,930↓ 7% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Accountants and Auditors Salary | $121,970↑ 8% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Accountants and Auditors Salary | $96,390↓ 15% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Accountants and Auditors Salary | $84,670↓ 25% | 54 mi |
| Vineland, NJ Accountants and Auditors Salary | $95,170↓ 16% | 63 mi |
Comparing salaries near New Jersey
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in New Jersey?
The median annual salary for a Accountants and Auditors in New Jersey is $113,110. This typically ranges from $65,670 for entry-level positions to $166,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 19.8% higher than the national median of $94,430.
Is New Jersey a lucrative place for Accountants and Auditorss?
Yes, New Jersey offers a lucrative environment for Accountants and Auditors.The average salary significantly exceeds the national average, and the state's economic activity supports a strong demand for these financial professionals.
Is New Jersey a good place to live for Accountants and Auditors?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($104,930) and New York-Newark-Jersey City, NY-NJ.
How does New Jersey's salary compare to the national average for Accountants and Auditors?
Accountants and Auditors in New Jersey earn an average of $113,110 annually, which is substantially higher than the national average of $94,430.
What is the total number of Accountants and Auditors employed in New Jersey?
New Jersey employs a significant workforce of 43,540 Accountants and Auditors.
How does the cost of living in New Jersey affect the salary of an Accountant and Auditor?
The Cost of Living Index in New Jersey is 112.4, meaning it's 12.4% higher than the national average. While the salary is high, this increased cost of living should be factored into the overall financial picture.
What does the Location Quotient of 1.09 signify for Accountants and Auditors in New Jersey?
A Location Quotient of 1.09 indicates that Accountants and Auditors are slightly more concentrated in New Jersey compared to the national average, suggesting a healthy and potentially growing job market for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 43,540 employees in the New Jersey area with a job density of 10.243 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 New Jersey