Average Accountants and Auditors Salary in Northwest Virginia nonmetropolitan area
Accountants and Auditors in Northwest Virginia's nonmetropolitan area earn an average annual salary of $79,970. This figure is notably below the national average of $94,430, reflecting the distinct economic landscape and demand dynamics characteristic of nonmetropolitan regions. Factors such as local industry concentration and the overall economic output of the area contribute to this salary differential.
Executive Summary
- Average Salary: $79,970 per year.
- Growth Trend: Salaries have shifted 17.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,410.
- Outlook: The job market for Accountants and Auditors in Northwest Virginia's nonmetropolitan area, with a total local workforce of 440 professionals, presents a stable, albeit less concentrated, employment environment. The Location Quotient of 0.72 indicates a slightly lower concentration of these roles compared to the national average, suggesting a moderate but consistent demand within the region's specific economic structure.
Salary Overview
The average Accountants and Auditors in Northwest Virginia nonmetropolitan area earns-15.3%below the national average.
$38.5
$1,538
$6,664
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Accountants and Auditors in nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the need to retain skilled professionals in a competitive labor market.
Accountants and Auditors Salary Distribution in Northwest Virginia nonmetropolitan area
Salary progression for Accountants and Auditors is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and extensive experience can expect to earn substantially more, often reaching the higher percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and the increasing value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,770 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,978 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,340 | $36.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,963 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,410 | $57.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,970
Gross Pay
Real Wage (Purchasing Power)
$79,970
Adjusted for COL (100)
The nominal average salary of $79,970 in Northwest Virginia's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in this region is equivalent to the national average, offering a balanced financial standing relative to everyday expenses.
Job Market Context
440
Total Jobs
6.728
Per 1K Jobs
0.72
Location Quotient
Northwest Virginia nonmetropolitan area has 0.72x 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.
With a Location Quotient of 0.72, the market for Accountants and Auditors in Northwest Virginia's nonmetropolitan area is less concentrated than the national average. This suggests that while opportunities exist, the field may be less saturated, potentially offering a more direct path to employment for qualified individuals compared to highly competitive metropolitan hubs.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Accountants and Auditors Salary | $88,200↑ 10% | 25 mi |
| Richmond, VA Accountants and Auditors Salary | $88,120↑ 10% | 41 mi |
| Staunton-Stuarts Draft, VA Accountants and Auditors Salary | $78,140↓ 2% | 56 mi |
| Harrisonburg, VA Accountants and Auditors Salary | $80,620↑ 1% | 60 mi |
| Lynchburg, VA Accountants and Auditors Salary | $81,050↑ 1% | 61 mi |
Comparing salaries near Northwest Virginia nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Northwest Virginia nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Northwest Virginia nonmetropolitan area is $79,970. This typically ranges from $48,770 for entry-level positions to $120,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Virginia nonmetropolitan area is 15.3% lower than the national median of $94,430.
Is Northwest Virginia nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not as lucrative as the national average.The average salary of $79,970 is below the national average of $94,430, indicating lower earning potential in this specific nonmetropolitan region.
Is Northwest Virginia nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Northwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($88,200) and Richmond, VA.
How does the local workforce size affect job availability for Accountants and Auditors?
A local workforce of 440 suggests a moderately sized pool of professionals, indicating a stable but not overly saturated job market for Accountants and Auditors in the area.
What does a Location Quotient of 0.72 mean for Accountants and Auditors in this region?
A Location Quotient of 0.72 signifies that Accountants and Auditors are slightly less concentrated in Northwest Virginia's nonmetropolitan area compared to the national average, implying a potentially less competitive job market.
How does the Cost of Living in Northwest Virginia nonmetropolitan area compare nationally?
The Cost of Living Index is 100, which is exactly the national average, meaning that the general cost of goods and services is comparable to the rest of the country.
Are there many Accountants and Auditors jobs per 1,000 workers in this area?
With 6.728 jobs per 1,000 workers, the density of Accountant and Auditor roles is present, reflecting a consistent demand for these financial professionals within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Northwest Virginia nonmetropolitan area area with a job density of 6.728 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 Virginia nonmetropolitan area