Average Accountants and Auditors Salary in New York
Accountants and Auditors in New York command an impressive average annual salary of $115,490, substantially exceeding the national average of $94,430. This elevated compensation is largely driven by New York's dynamic economic landscape, high demand for financial expertise in its major metropolitan areas, and the overall cost of doing business within the state.
Executive Summary
- Average Salary: $115,490 per year.
- Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,500.
- Outlook: With a substantial local workforce of 111,860 Accountants and Auditors, New York demonstrates a robust job market for this profession. The Location Quotient of 1.25 indicates a concentration of these roles approximately 25% higher than the national average, suggesting strong and consistent demand that outpaces national trends.
Salary Overview
The average Accountants and Auditors in New York earns+22.3%above the national average.
$55.5
$2,221
$9,624
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the demand for skilled Accountants and Auditors in New York has seen consistent growth over the past four years, mirroring national trends. This sustained demand, coupled with the state's economic vitality, likely translates to a steady increase in average salaries for the profession.
Accountants and Auditors Salary Distribution in New York
The career trajectory for Accountants and Auditors in New York typically shows significant salary progression with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles, reflecting the value of expertise and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,430 | $30 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,618 | $41.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $101,780 | $48.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $144,363 | $69.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,500 | $85.8 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$115,490
Gross Pay
Real Wage (Purchasing Power)
$92,318
Adjusted for COL (125.1)
While the nominal average salary of $115,490 is attractive, New York's Cost of Living Index of 125.1 means that this salary's purchasing power is approximately 25% higher than the national average. This suggests that while the salary is high, the cost of essential goods and services in New York will also be elevated, requiring careful financial planning.
Job Market Context
111,860
Total Jobs
11.723
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, New York has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.25 signifies that Accountants and Auditors are more concentrated in New York than the national average. This indicates a competitive yet abundant job market, where employers actively seek talent, and professionals have numerous opportunities, though competition for top-tier roles may be significant.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Accountants and Auditors Salary | $86,560↓ 25% | 49 mi |
| Kingston, NY Accountants and Auditors Salary | $89,230↓ 23% | 51 mi |
| Scranton--Wilkes-Barre, PA Accountants and Auditors Salary | $74,310↓ 36% | 64 mi |
| Utica-Rome, NY Accountants and Auditors Salary | $85,140↓ 26% | 66 mi |
| Albany-Schenectady-Troy, NY Accountants and Auditors Salary | $94,180↓ 18% | 68 mi |
Comparing salaries near New York
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in New York?
The median annual salary for a Accountants and Auditors in New York is $115,490. This typically ranges from $62,430 for entry-level positions to $178,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 22.3% higher than the national median of $94,430.
Is New York a lucrative place for Accountants and Auditors?
Yes, New York is a highly lucrative state for Accountants and Auditors.The average annual salary significantly surpasses the national average, and the concentration of these roles suggests strong employer demand and competitive compensation packages.
Is New York a good place to live for Accountants and Auditors?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($86,560) and Kingston, NY.
How does the New York salary compare to the national average?
Accountants and Auditors in New York earn an average of $115,490 annually, which is considerably higher than the national average of $94,430.
What is the job concentration for Accountants and Auditors in New York?
New York has a Location Quotient of 1.25 for Accountants and Auditors, indicating that the profession is about 25% more concentrated than the national average, suggesting higher demand.
How does the cost of living affect the salary in New York?
With a Cost of Living Index of 125.1, the higher salary in New York is somewhat offset by increased living expenses, meaning the real purchasing power is less than the nominal salary suggests compared to lower-cost areas.
What does the number of jobs per 1,000 workers indicate?
The figure of 11.723 jobs per 1,000 workers shows a healthy presence of Accountant and Auditor roles within the overall workforce structure of New York State.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 111,860 employees in the New York area with a job density of 11.723 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 York