Average Accountants and Auditors Salary in Northern Michigan nonmetropolitan area
Accountants and Auditors in the Northern Michigan nonmetropolitan area earn an average annual salary of $73,430. This figure is notably lower than the national average of $94,430, reflecting the distinct economic landscape and demand drivers specific to this region. Factors such as local industry concentration and the overall economic activity in nonmetropolitan areas typically influence compensation levels.
Executive Summary
- Average Salary: $73,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,820.
- Outlook: With a total local workforce of 900 Accountants and Auditors, the job market in Northern Michigan presents a stable, albeit niche, opportunity. The Location Quotient of 0.81 suggests a slightly lower concentration of these professionals compared to the national average, indicating a moderate demand that aligns with the regional workforce size.
Salary Overview
The average Accountants and Auditors in Northern Michigan nonmetropolitan area earns-22.2%below the national average.
$35.3
$1,412
$6,119
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for skilled Accountants and Auditors has seen consistent growth over the past four years, mirroring national trends. This sustained interest likely translates to gradual salary increases, even in nonmetropolitan areas, as businesses continue to rely on financial expertise for stability and compliance.
Accountants and Auditors Salary Distribution in Northern Michigan nonmetropolitan area
Career progression for Accountants and Auditors in Northern Michigan typically involves a salary scale that increases with experience. Entry-level positions may start at the lower end of the pay spectrum, while senior roles, with their greater responsibilities and specialized knowledge, command higher compensation. The percentile gaps in salary distribution are indicative of these distinct career stages and the associated earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,330 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,073 | $26.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,700 | $31.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,788 | $44.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,820 | $51.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$73,430
Gross Pay
Real Wage (Purchasing Power)
$73,430
Adjusted for COL (100)
The nominal average salary of $73,430 in Northern Michigan aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that, on average, the purchasing power of an Accountant or Auditor's salary in this region is equivalent to the national standard, suggesting a balanced economic environment for residents.
Job Market Context
900
Total Jobs
7.625
Per 1K Jobs
0.81
Location Quotient
Northern Michigan nonmetropolitan area has 0.81x 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 0.81 for Accountants and Auditors in Northern Michigan indicates that the profession is slightly less concentrated than the national average. This suggests that while the demand is present, the market is not oversaturated, potentially offering a competitive environment for skilled professionals seeking employment in the region.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Accountants and Auditors Salary | $97,350↑ 33% | 26 mi |
| Saginaw, MI Accountants and Auditors Salary | $79,490↑ 8% | 30 mi |
| Bay City, MI Accountants and Auditors Salary | $74,830↑ 2% | 37 mi |
| Lansing-East Lansing, MI Accountants and Auditors Salary | $80,770↑ 10% | 42 mi |
| Flint, MI Accountants and Auditors Salary | $74,970↑ 2% | 47 mi |
Comparing salaries near Northern Michigan nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Northern Michigan nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Northern Michigan nonmetropolitan area is $73,430. This typically ranges from $43,330 for entry-level positions to $106,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Michigan nonmetropolitan area is 22.2% lower than the national median of $94,430.
Is Northern Michigan nonmetropolitan area a lucrative place for Accountants and Auditors?
No, it is not as lucrative as the national average.The average salary of $73,430 is significantly lower than the national average of $94,430. However, the cost of living is also at the national average, making the real value of the salary comparable to national standards.
Is Northern Michigan nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Northern Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Michigan nonmetropolitan area?
Some top paying nearby cities include Midland, MI ($97,350) and Saginaw, MI.
How does the number of jobs per 1,000 workers compare nationally?
With 7.625 jobs per 1,000 workers, the density of Accountants and Auditors in Northern Michigan is slightly below the national average, which is typically around 8-10 jobs per 1,000 workers.
What is the significance of the Location Quotient (LQ) of 0.81?
An LQ of 0.81 means that the concentration of Accountants and Auditors in Northern Michigan is 19% lower than the national average. This suggests a slightly less competitive job market for these professionals compared to national benchmarks.
Does experience significantly impact an Accountant's salary in this region?
Yes, as in most regions, experience plays a crucial role. Entry-level positions will offer lower salaries, while senior accountants with specialized skills and extensive experience can command significantly higher pay, reflecting their value and expertise.
How does the cost of living affect the perceived value of the salary?
With a Cost of Living Index of 100, the salary of $73,430 in Northern Michigan has the same purchasing power as the national average salary of $94,430 would have in a national average cost of living area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Northern Michigan nonmetropolitan area area with a job density of 7.625 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 Michigan nonmetropolitan area