Average Accountants and Auditors Salary in Olympia-Lacey-Tumwater, WA
Accountants and Auditors in the Olympia-Lacey-Tumwater, WA area earn an average annual salary of $92,550. This figure is slightly below the national average of $94,430, suggesting a nuanced compensation landscape influenced by local economic factors and demand within the region. The specific economic drivers and industry concentrations in Olympia-Lacey-Tumwater play a crucial role in shaping this salary benchmark.
Executive Summary
- Average Salary: $92,550 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,250.
- Outlook: With a local workforce of 1,090 Accountants and Auditors, the Olympia-Lacey-Tumwater area demonstrates a stable presence in this profession. The Location Quotient of 0.91 indicates that the concentration of these roles is nearly on par with the national average, suggesting a consistent, albeit not exceptionally high, demand for accounting and auditing services within the region. This steady employment base points to a robust, predictable job market for professionals in this field.
Salary Overview
The average Accountants and Auditors in Olympia-Lacey-Tumwater, WA earns-2.0%below the national average.
$44.5
$1,780
$7,713
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in Olympia-Lacey-Tumwater have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments in most professional fields, including accounting.
Accountants and Auditors Salary Distribution in Olympia-Lacey-Tumwater, WA
Salary progression for Accountants and Auditors in Olympia-Lacey-Tumwater typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. These percentile gaps clearly signify career advancement opportunities and the increasing value placed on expertise and responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,660 | $30.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,413 | $33.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $90,140 | $43.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $115,688 | $55.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,250 | $59.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$92,550
Gross Pay
Real Wage (Purchasing Power)
$92,550
Adjusted for COL (100)
The average annual salary of $92,550 in Olympia-Lacey-Tumwater aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant and Auditor's salary in this area is equivalent to the national standard, offering a stable financial standing without the premium often associated with higher cost-of-living regions.
Job Market Context
1,090
Total Jobs
8.562
Per 1K Jobs
0.91
Location Quotient
Olympia-Lacey-Tumwater, WA has 0.91x 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 0.91 for Accountants and Auditors in Olympia-Lacey-Tumwater suggests a job market that is closely aligned with the national average in terms of professional concentration. This indicates a healthy, competitive environment where the availability of talent and job opportunities are relatively balanced, without an oversupply or significant undersupply of professionals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Accountants and Auditors Salary | $94,570↑ 2% | 36 mi |
| Seattle-Tacoma-Bellevue, WA Accountants and Auditors Salary | $106,100↑ 15% | 47 mi |
| Longview-Kelso, WA Accountants and Auditors Salary | $89,320↓ 3% | 62 mi |
| Western Washington nonmetropolitan area Accountants and Auditors Salary | $87,340↓ 6% | 70 mi |
| Eastern Washington nonmetropolitan area Accountants and Auditors Salary | $86,320↓ 7% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Accountants and Auditors make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Accountants and Auditors in Olympia-Lacey-Tumwater, WA is $92,550. This typically ranges from $62,660 for entry-level positions to $123,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 2.0% lower than the national median of $94,430.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Accountants and Auditors?
Yes, it offers competitive compensation relative to its cost of living.The average salary of $92,550 is strong, especially when matched against a national average cost of living index of 100. This indicates good purchasing power for professionals in the region.
Is Olympia-Lacey-Tumwater, WA a good place to live for Accountants and Auditors?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($94,570) and Seattle-Tacoma-Bellevue, WA.
How does the Olympia-Lacey-Tumwater salary compare to the national average?
The average salary of $92,550 in Olympia-Lacey-Tumwater is slightly below the national average of $94,430, indicating a comparable but not superior earning potential on a national scale.
What is the concentration of Accountants and Auditors in Olympia-Lacey-Tumwater?
The Location Quotient of 0.91 suggests that the concentration of Accountants and Auditors in Olympia-Lacey-Tumwater is very close to the national average, indicating a stable and well-represented professional community.
How does experience affect an Accountant's salary in this area?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher salaries, reflecting a clear career progression path and increased value with expertise.
Is the cost of living high in Olympia-Lacey-Tumwater?
No, the cost of living in Olympia-Lacey-Tumwater is right at the national average, indicated by an index of 100. This means your salary has average purchasing power.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,090 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 8.562 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 Olympia-Lacey-Tumwater, WA