Average Accountants and Auditors Salary in Northwest Illinois nonmetropolitan area
Accountants and Auditors in the Northwest Illinois nonmetropolitan area earn an average annual salary of $68,420. This figure is notably below the national average of $94,430, reflecting regional economic factors and potentially a different demand structure compared to more urbanized areas. The specific economic landscape and industry concentration within Northwest Illinois likely dictate this localized compensation.
Executive Summary
- Average Salary: $68,420 per year.
- Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,040.
- Outlook: With a total local workforce of 670 Accountants and Auditors, the job market in Northwest Illinois nonmetropolitan area presents a modest but stable environment. The Location Quotient of 0.56 indicates a lower concentration of these professionals compared to the national average, suggesting that while the absolute number of jobs is not vast, the presence of this workforce signifies consistent demand within the region's economic framework.
Salary Overview
The average Accountants and Auditors in Northwest Illinois nonmetropolitan area earns-27.5%below the national average.
$32.9
$1,316
$5,702
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Accountants and Auditors across the United States have experienced steady growth over the past four years, driven by inflation, increasing demand for financial expertise, and evolving regulatory landscapes. This trend likely extends to Northwest Illinois, albeit potentially at a moderated pace compared to high-growth metropolitan centers.
Accountants and Auditors Salary Distribution in Northwest Illinois nonmetropolitan area
Career progression for Accountants and Auditors typically involves a significant salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring specialized knowledge and extensive experience, command substantially higher compensation. The percentile gaps in salary distribution clearly signify this career trajectory, rewarding accumulated expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,000 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,315 | $24.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,250 | $30.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $85,525 | $41.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,040 | $49.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$68,420
Gross Pay
Real Wage (Purchasing Power)
$68,420
Adjusted for COL (100)
The nominal average annual salary of $68,420 in Northwest Illinois nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor's salary in this region is equivalent to the national average, offering a balanced financial standing relative to general living expenses.
Job Market Context
670
Total Jobs
5.251
Per 1K Jobs
0.56
Location Quotient
Northwest Illinois nonmetropolitan area has 0.56x 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 0.56 for Accountants and Auditors in Northwest Illinois nonmetropolitan area suggests that the profession is less concentrated here than the national average. This indicates that while there is a presence of these roles, the market is not saturated, potentially offering opportunities for skilled professionals without the intense competition found in areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Accountants and Auditors Salary | $80,040↑ 17% | 9 mi |
| Decatur, IL Accountants and Auditors Salary | $87,470↑ 28% | 34 mi |
| Champaign-Urbana, IL Accountants and Auditors Salary | $70,530↑ 3% | 41 mi |
| Peoria, IL Accountants and Auditors Salary | $79,030↑ 16% | 43 mi |
| Springfield, IL Accountants and Auditors Salary | $88,730↑ 30% | 53 mi |
Comparing salaries near Northwest Illinois nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Northwest Illinois nonmetropolitan area is $68,420. This typically ranges from $41,000 for entry-level positions to $102,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 27.5% lower than the national median of $94,430.
Is Northwest Illinois nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered a lucrative area compared to the national average.The average salary of $68,420 is significantly lower than the national average of $94,430. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Northwest Illinois nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($80,040) and Decatur, IL.
How does the local job market for Accountants and Auditors compare to the national average?
The local job market in Northwest Illinois nonmetropolitan area has a lower concentration of Accountants and Auditors, indicated by a Location Quotient of 0.56, suggesting less competition but also a smaller overall presence compared to national averages.
What is the average salary for an Accountant or Auditor in Northwest Illinois nonmetropolitan area?
The average annual salary for Accountants and Auditors in Northwest Illinois nonmetropolitan area is $68,420.
How does the cost of living in Northwest Illinois nonmetropolitan area affect salary perception?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average, meaning the $68,420 salary offers purchasing power equivalent to the national average.
What is the total number of Accountants and Auditors employed in Northwest Illinois nonmetropolitan area?
There are approximately 670 Accountants and Auditors employed in the Northwest Illinois 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 670 employees in the Northwest Illinois nonmetropolitan area area with a job density of 5.251 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 Illinois nonmetropolitan area