Average Accountants and Auditors Salary in Ohio
Accountants and Auditors in Ohio earn an average annual salary of $86,040. This figure is notably below the national average of $94,430, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation within the state. While the nominal salary is lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $86,040 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,640.
- Outlook: With a substantial local workforce of 51,840 individuals, the accounting and auditing sector in Ohio represents a significant segment of the state's professional landscape. The location quotient of 1 indicates that the concentration of these professionals in Ohio is on par with the national average, suggesting a stable and consistent demand for their services without extreme oversupply or undersupply.
Salary Overview
The average Accountants and Auditors in Ohio earns-8.9%below the national average.
$41.4
$1,655
$7,170
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing field in Ohio, mirroring national trends, has experienced steady salary growth over the past four years. Factors such as increasing regulatory complexity, technological advancements, and a consistent need for financial oversight likely contribute to this upward trajectory, ensuring that compensation keeps pace with evolving market demands.
Accountants and Auditors Salary Distribution in Ohio
Salary progression for Accountants and Auditors in Ohio typically scales significantly with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles. The gap between entry-level and senior roles signifies clear career advancement opportunities and the increasing value placed on expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,480 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,530 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,640 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,550 | $51.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,640 | $62.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$86,040
Gross Pay
Real Wage (Purchasing Power)
$94,758
Adjusted for COL (90.8)
The average annual salary of $86,040 in Ohio presents a favorable financial standing when considered against the state's Cost of Living Index of 90.8. Since this index is below the national average of 100, the nominal salary earned by Accountants and Auditors in Ohio offers a relatively strong purchasing power, meaning that their income can stretch further compared to living in more expensive regions of the country.
Job Market Context
51,840
Total Jobs
9.38
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Ohio has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
Ohio's Location Quotient of 1 for Accountants and Auditors signifies that the concentration of these professionals within the state is precisely aligned with the national average. This suggests a balanced job market where demand and supply are in equilibrium, indicating a healthy level of competition and opportunity for both employers seeking talent and professionals seeking employment.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Accountants and Auditors Salary | $72,330↓ 16% | 29 mi |
| Columbus, OH Accountants and Auditors Salary | $91,980↑ 7% | 32 mi |
| Springfield, OH Accountants and Auditors Salary | $74,850↓ 13% | 63 mi |
| Sandusky, OH Accountants and Auditors Salary | $75,830↓ 12% | 73 mi |
| Lima, OH Accountants and Auditors Salary | $75,880↓ 12% | 75 mi |
Comparing salaries near Ohio
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Frequently Asked Questions
How much does a Accountants and Auditors make in Ohio?
The median annual salary for a Accountants and Auditors in Ohio is $86,040. This typically ranges from $49,480 for entry-level positions to $129,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ohio is 8.9% lower than the national median of $94,430.
Is Ohio a lucrative place for Accountants and Auditors?
Yes, with a caveat regarding cost of living.While the average salary of $86,040 is below the national average, Ohio's lower cost of living (90.8) means that this salary offers good purchasing power. The stable job market, indicated by a location quotient of 1, also provides consistent opportunities.
Is Ohio a good place to live for Accountants and Auditors?
With a Cost of Living Index of 90.8 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Ohio?
Some top paying nearby cities include Mansfield, OH ($72,330) and Columbus, OH.
How does Ohio's average Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Ohio is $86,040, which is lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Ohio compared to the rest of the US?
Ohio has a Location Quotient of 1 for Accountants and Auditors, meaning the concentration of these professionals in the state is exactly the same as the national average.
How does the cost of living in Ohio affect the salary of an Accountant?
With a Cost of Living Index of 90.8, Ohio is more affordable than the national average. This makes the $86,040 salary relatively more valuable in terms of purchasing power.
What is the total number of Accountants and Auditors employed in Ohio?
There are approximately 51,840 Accountants and Auditors working in Ohio, representing a significant portion of the state's professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 51,840 employees in the Ohio area with a job density of 9.38 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 Ohio