Average Accountants and Auditors Salary in Northern Indiana nonmetropolitan area
Accountants and Auditors in Northern Indiana's nonmetropolitan area earn an average annual salary of $76,570. This figure is notably below the national average of $94,430, reflecting regional economic factors and a potentially lower demand for specialized financial roles compared to larger metropolitan hubs. The specific economic landscape and industry concentration within this region directly influence compensation levels for finance professionals.
Executive Summary
- Average Salary: $76,570 per year.
- Growth Trend: Salaries have shifted 5.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,200.
- Outlook: With a local workforce of 1,270 Accountants and Auditors, the job market in Northern Indiana's nonmetropolitan area presents a moderate presence. The Location Quotient of 0.64 indicates that this profession is less concentrated here than the national average, suggesting a stable but not exceptionally robust demand. The rate of 5.973 jobs per 1,000 workers further supports this, pointing to a consistent need for these professionals without an overwhelming surplus or scarcity.
Salary Overview
The average Accountants and Auditors in Northern Indiana nonmetropolitan area earns-18.9%below the national average.
$36.8
$1,473
$6,381
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a general upward trend in salaries for Accountants and Auditors over the past four years, mirroring national economic recovery and increasing complexity in financial regulations. This growth is likely driven by inflation, evolving industry demands, and the persistent need for skilled financial professionals across various sectors.
Accountants and Auditors Salary Distribution in Northern Indiana nonmetropolitan area
Career progression for Accountants and Auditors typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,390 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,428 | $27.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,120 | $34.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,713 | $46 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,200 | $56.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$76,570
Gross Pay
Real Wage (Purchasing Power)
$76,570
Adjusted for COL (100)
The average annual salary of $76,570 in Northern Indiana's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard. Consequently, the financial well-being of an Accountant or Auditor in this region is comparable to their national counterparts, despite the lower gross income.
Job Market Context
1,270
Total Jobs
5.973
Per 1K Jobs
0.64
Location Quotient
Northern Indiana nonmetropolitan area has 0.64x 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 0.64 for Accountants and Auditors in Northern Indiana's nonmetropolitan area signifies that the concentration of these professionals is below the national average. This suggests that the job market is less saturated compared to national benchmarks, potentially offering a more competitive environment for job seekers or indicating fewer specialized opportunities. Employers may find a smaller pool of candidates, while professionals might experience less direct competition for available roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Accountants and Auditors Salary | $86,150↑ 13% | 8 mi |
| Kokomo, IN Accountants and Auditors Salary | $81,900↑ 7% | 43 mi |
| Columbus, IN Accountants and Auditors Salary | $83,910↑ 10% | 48 mi |
| Bloomington, IN Accountants and Auditors Salary | $79,420↑ 4% | 49 mi |
| Lafayette-West Lafayette, IN Accountants and Auditors Salary | $84,610↑ 11% | 50 mi |
Comparing salaries near Northern Indiana nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in Northern Indiana nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Northern Indiana nonmetropolitan area is $76,570. This typically ranges from $46,390 for entry-level positions to $117,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Indiana nonmetropolitan area is 18.9% lower than the national median of $94,430.
Is Northern Indiana nonmetropolitan area a lucrative place for Accountants and Auditors?
No, it is not as lucrative as the national average.The average salary of $76,570 is significantly lower than the national average of $94,430. However, the cost of living being at the national average means the purchasing power is comparable.
Is Northern Indiana nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Northern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($86,150) and Kokomo, IN.
How does the total workforce size affect job prospects?
A local workforce of 1,270 indicates a moderate-sized professional community. While not as large as metropolitan areas, it suggests a stable demand for Accountants and Auditors within the region.
What does a Location Quotient of 0.64 mean for job seekers?
A Location Quotient below 1.0, like 0.64, means Accountants and Auditors are less concentrated in this area than nationally. This could imply fewer job openings but also potentially less competition for available positions.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $76,570 salary has the same purchasing power as the national average salary. This offsets the lower nominal income, making the effective financial standing comparable.
Are there many job opportunities for Accountants and Auditors in this region?
The rate of 5.973 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, number of opportunities available for Accountants and Auditors in Northern Indiana's nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,270 employees in the Northern Indiana nonmetropolitan area area with a job density of 5.973 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 Northern Indiana nonmetropolitan area