Average Accountants and Auditors Salary in Northwest Alabama nonmetropolitan area
Accountants and Auditors in the Northwest Alabama nonmetropolitan area earn an average annual salary of $73,160. This figure is notably lower than the national average of $94,430, reflecting the economic landscape and specific industry demands prevalent in this region. Localized economic factors and a smaller market size often contribute to these pay differentials.
Executive Summary
- Average Salary: $73,160 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,700.
- Outlook: With a local workforce of 520 Accountants and Auditors, the job market in Northwest Alabama presents a stable, albeit niche, opportunity. The location quotient of 0.82 suggests a concentration slightly below the national average, indicating a moderate level of demand relative to the broader U.S. landscape. The presence of 7.665 jobs per 1,000 workers signifies a consistent, though not exceptionally high, need for these professionals within the area.
Salary Overview
The average Accountants and Auditors in Northwest Alabama nonmetropolitan area earns-22.5%below the national average.
$35.2
$1,407
$6,097
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally assumed that salaries for Accountants and Auditors nationwide have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and evolving regulatory environments, which likely also influenced compensation in Northwest Alabama, albeit potentially at a different pace than in major metropolitan hubs.
Accountants and Auditors Salary Distribution in Northwest Alabama nonmetropolitan area
Career progression for Accountants and Auditors in Northwest Alabama, as elsewhere, is typically marked by increasing salary potential. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries significantly higher, approaching or even exceeding the higher percentiles. The gap between entry-level and senior roles underscores the value of accumulated knowledge and demonstrated expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,390 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,870 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,490 | $32.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,450 | $44 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,700 | $50.8 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$73,160
Gross Pay
Real Wage (Purchasing Power)
$73,160
Adjusted for COL (100)
The average annual salary of $73,160 in Northwest Alabama aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of an Accountant's or Auditor's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living being at par suggests that the take-home pay may offer comparable lifestyle stability to higher-paying areas with a significantly elevated cost of living.
Job Market Context
520
Total Jobs
7.665
Per 1K Jobs
0.82
Location Quotient
Northwest Alabama nonmetropolitan area has 0.82x 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 0.82 for Accountants and Auditors in Northwest Alabama indicates that the profession is slightly less concentrated here than the national average. This suggests that while there is a steady demand, the market is not saturated, and professionals may find a balanced environment with opportunities for those seeking roles without intense competition often found in areas with a quotient above 1.0.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Accountants and Auditors Salary | $78,590↑ 7% | 44 mi |
| Birmingham, AL Accountants and Auditors Salary | $82,830↑ 13% | 50 mi |
| Tuscaloosa, AL Accountants and Auditors Salary | $79,080↑ 8% | 52 mi |
| Auburn-Opelika, AL Accountants and Auditors Salary | $75,130↑ 3% | 77 mi |
| Anniston-Oxford, AL Accountants and Auditors Salary | $72,050↓ 2% | 82 mi |
Comparing salaries near Northwest Alabama nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in Northwest Alabama nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Northwest Alabama nonmetropolitan area is $73,160. This typically ranges from $45,390 for entry-level positions to $105,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Alabama nonmetropolitan area is 22.5% lower than the national median of $94,430.
Is Northwest Alabama nonmetropolitan area a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to national averages.While the average salary of $73,160 is solid, it falls below the national average of $94,430. However, the cost of living being at the national average means the salary offers comparable purchasing power.
Is Northwest Alabama nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Northwest Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($78,590) and Birmingham, AL.
How does the local salary compare to the national average?
The average annual salary for Accountants and Auditors in Northwest Alabama is $73,160, which is approximately 23% lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Northwest Alabama?
The location quotient is 0.82, meaning the concentration of these professionals is slightly below the national average, indicating a moderate presence in the local job market.
How does the cost of living affect the salary in Northwest Alabama?
With a cost of living index of 100, which matches the national average, the $73,160 salary provides purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the total workforce size for this role in the area?
There are approximately 520 Accountants and Auditors employed in the Northwest Alabama 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 520 employees in the Northwest Alabama nonmetropolitan area area with a job density of 7.665 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 Northwest Alabama nonmetropolitan area