Average Accountants and Auditors Salary in New York-Newark-Jersey City, NY-NJ
Accountants and Auditors in the New York-Newark-Jersey City, NY-NJ metropolitan area command an impressive average annual salary of $121,970. This figure significantly outpaces the national average of $94,430, a premium largely attributable to the region's dynamic economic landscape and high demand for financial expertise. The concentration of major corporations and financial institutions in this area naturally drives higher compensation for skilled professionals.
Executive Summary
- Average Salary: $121,970 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $186,880.
- Outlook: The job market for Accountants and Auditors in New York-Newark-Jersey City, NY-NJ appears robust, evidenced by a substantial local workforce of 114,300 individuals in this profession. With a Location Quotient of 1.3, the concentration of these roles is 30% higher than the national average, indicating a strong and persistent demand that supports a healthy job market.
Salary Overview
The average Accountants and Auditors in New York-Newark-Jersey City, NY-NJ earns+29.2%above the national average.
$58.6
$2,346
$10,164
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the New York-Newark-Jersey City, NY-NJ area have experienced steady growth over the past four years. Economic expansion, evolving regulatory landscapes, and increasing complexity in financial reporting typically drive upward pressure on compensation for these essential roles.
Accountants and Auditors Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Accountants and Auditors in this region typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles. The substantial gap between entry-level and senior roles reflects a clear career ladder and the increasing value placed on expertise and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,790 | $33.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,478 | $44 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,100 | $50.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $152,463 | $73.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $186,880 | $89.8 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$121,970
Gross Pay
Real Wage (Purchasing Power)
$121,970
Adjusted for COL (100)
The average annual salary of $121,970 in New York-Newark-Jersey City, NY-NJ aligns perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is substantially higher than the national average, the purchasing power of that salary is effectively equivalent to the national average, considering the local cost of living.
Job Market Context
114,300
Total Jobs
12.208
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.3 for Accountants and Auditors in New York-Newark-Jersey City, NY-NJ signifies a market where these professionals are more concentrated than the national average. This suggests a competitive environment with abundant opportunities, as businesses in the region rely heavily on a skilled financial workforce.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Accountants and Auditors Salary | $97,130↓ 20% | 44 mi |
| Trenton-Princeton, NJ Accountants and Auditors Salary | $104,930↓ 14% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Accountants and Auditors Salary | $104,070↓ 15% | 54 mi |
| New Haven, CT Accountants and Auditors Salary | $91,970↓ 25% | 70 mi |
| Waterbury-Shelton, CT Accountants and Auditors Salary | $90,240↓ 26% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Accountants and Auditors in New York-Newark-Jersey City, NY-NJ is $121,970. This typically ranges from $68,790 for entry-level positions to $186,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 29.2% higher than the national median of $94,430.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Accountants and Auditors?
Yes, it is a highly lucrative place for Accountants and Auditors.The average salary of $121,970 is significantly above the national average, and the strong Location Quotient indicates high demand for these professionals in the region.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Accountants and Auditors?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($97,130) and Trenton-Princeton, NJ.
How does the New York-Newark-Jersey City, NY-NJ salary compare to the national average?
The average annual salary for Accountants and Auditors in New York-Newark-Jersey City, NY-NJ is $121,970, which is substantially higher than the national average of $94,430.
What is the Cost of Living in New York-Newark-Jersey City, NY-NJ for Accountants and Auditors?
The Cost of Living Index for New York-Newark-Jersey City, NY-NJ is 100, which is the national average. This means the higher nominal salary effectively offers average purchasing power.
How concentrated are Accountants and Auditors in this region compared to the rest of the US?
The Location Quotient of 1.3 indicates that Accountants and Auditors are 30% more concentrated in the New York-Newark-Jersey City, NY-NJ area than the national average, suggesting a higher demand.
What is the total workforce size for Accountants and Auditors in this metropolitan area?
There are approximately 114,300 Accountants and Auditors employed within the New York-Newark-Jersey City, NY-NJ metropolitan area, reflecting a significant professional presence.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 114,300 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 12.208 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-Newark-Jersey City, NY-NJ