Average Accountants and Auditors Salary in Niles, MI
Accountants and Auditors in Niles, MI, earn an average annual salary of $80,750. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within this Michigan locale.
Executive Summary
- Average Salary: $80,750 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,160.
- Outlook: The job market for Accountants and Auditors in Niles, MI, appears moderately stable, with a local workforce of 430 professionals. The location quotient of 0.77 indicates a slightly lower concentration of these roles compared to the national average, suggesting a steady but not exceptionally high demand for accounting expertise within the immediate area.
Salary Overview
The average Accountants and Auditors in Niles, MI earns-14.5%below the national average.
$38.8
$1,553
$6,729
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Niles, MI, is not provided, it is generally assumed that the accounting profession, like many others, has experienced consistent salary growth over the past four years. Factors such as inflation, increased demand for financial expertise, and evolving regulatory landscapes likely contribute to an upward trend in compensation for Accountants and Auditors nationwide and in localized markets.
Accountants and Auditors Salary Distribution in Niles, MI
Salary progression for Accountants and Auditors in Niles, MI, typically scales with experience. Entry-level positions will command lower salaries, while senior roles, those requiring specialized certifications, or positions with greater responsibility will see significant increases. The percentile gaps between junior and senior roles reflect the career advancement opportunities and the value placed on accumulated expertise and proven performance within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,420 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,563 | $29.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,670 | $35.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,938 | $48.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,160 | $58.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,750
Gross Pay
Real Wage (Purchasing Power)
$80,750
Adjusted for COL (100)
With an average annual salary of $80,750 and a Cost of Living Index of 100 (matching the national average), Accountants and Auditors in Niles, MI, can expect their nominal earnings to align closely with the national purchasing power. This means that while the salary is below the national average, the cost of essential goods and services is not disproportionately higher, offering a relatively stable financial standing.
Job Market Context
430
Total Jobs
7.2
Per 1K Jobs
0.77
Location Quotient
Niles, MI has 0.77x the national average concentration of Accountants and Auditors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The location quotient of 0.77 for Accountants and Auditors in Niles, MI, suggests that the profession is present but not as concentrated as the national average. This indicates a market that is neither oversaturated nor experiencing exceptionally high demand relative to other professions locally. The job market is likely competitive, with opportunities available but perhaps fewer than in larger metropolitan areas with a higher concentration of financial services.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Accountants and Auditors Salary | $82,030↑ 2% | 11 mi |
| Elkhart-Goshen, IN Accountants and Auditors Salary | $84,170↑ 4% | 18 mi |
| Michigan City-La Porte, IN Accountants and Auditors Salary | $77,800↓ 4% | 33 mi |
| Kalamazoo-Portage, MI Accountants and Auditors Salary | $80,180↓ 1% | 45 mi |
| Battle Creek, MI Accountants and Auditors Salary | $80,880↑ 0% | 61 mi |
Comparing salaries near Niles, MI
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Frequently Asked Questions
How much does a Accountants and Auditors make in Niles, MI?
The median annual salary for a Accountants and Auditors in Niles, MI is $80,750. This typically ranges from $47,420 for entry-level positions to $122,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Niles, MI is 14.5% lower than the national median of $94,430.
Is Niles, MI a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $80,750 is respectable, it falls below the national average of $94,430. However, the cost of living being at the national average mitigates this difference somewhat.
Is Niles, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Niles, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Niles, MI?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($82,030) and Elkhart-Goshen, IN.
How does the local workforce size affect job availability for Accountants and Auditors in Niles, MI?
A local workforce of 430 Accountants and Auditors suggests a moderate-sized professional community. This indicates a stable demand for these roles, but potentially fewer opportunities compared to larger economic hubs.
What does a Location Quotient of 0.77 mean for Accountants and Auditors in Niles, MI?
A location quotient of 0.77 signifies that Accountants and Auditors are slightly less concentrated in Niles, MI, than the national average. This implies a balanced job market, neither overly saturated nor experiencing extreme shortages.
How does the Cost of Living in Niles, MI, compare to the national average for Accountants and Auditors?
The Cost of Living Index in Niles, MI, is 100, which is exactly the national average. This means that the purchasing power of an $80,750 salary is comparable to the national average, despite being lower than the national salary benchmark.
Are there significant salary differences based on experience for Accountants and Auditors in Niles, MI?
Yes, experience plays a crucial role. Entry-level positions will earn less, while senior accountants with specialized skills and extensive experience can command salaries significantly higher than the $80,750 average, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Niles, MI area with a job density of 7.2 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 Niles, MI