Average Accountants and Auditors Salary in Owensboro, KY
Accountants and Auditors in Owensboro, KY, can expect an average annual salary of $78,310. This figure is notably below the national average of $94,430, reflecting localized economic factors and demand within the region. The specific pay scales in Owensboro are influenced by the concentration of businesses and the overall economic landscape of Kentucky.
Executive Summary
- Average Salary: $78,310 per year.
- Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,770.
- Outlook: The job market for Accountants and Auditors in Owensboro, KY, appears stable with a total local workforce of 220 individuals. While the Location Quotient of 0.47 suggests a lower concentration compared to the national average, the presence of 4.433 jobs per 1,000 workers indicates a consistent, albeit not exceptionally high, demand for these professionals within the local economy.
Salary Overview
The average Accountants and Auditors in Owensboro, KY earns-17.1%below the national average.
$37.7
$1,506
$6,526
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Owensboro is not provided, it is reasonable to assume that salaries for Accountants and Auditors have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive modest annual increases in compensation for skilled professionals in accounting and auditing roles.
Accountants and Auditors Salary Distribution in Owensboro, KY
Career progression for Accountants and Auditors in Owensboro, KY, typically involves salary increases tied to experience and specialization. Entry-level positions will command lower salaries, while senior accountants and auditors with specialized knowledge or management responsibilities can expect significantly higher compensation. The percentile gaps in salary distribution highlight the substantial earning potential as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,700 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,733 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,840 | $35.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,888 | $47.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,770 | $55.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$78,310
Gross Pay
Real Wage (Purchasing Power)
$78,310
Adjusted for COL (100)
For individuals considering a move to Owensboro, KY, the nominal salary of $78,310 aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant and Auditor's salary in Owensboro is comparable to the national average, suggesting that the local cost of living does not significantly inflate or deflate the real value of their earnings.
Job Market Context
220
Total Jobs
4.433
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Owensboro, KY has a notably lower concentration of Accountants and Auditors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.47, the market for Accountants and Auditors in Owensboro, KY, is less concentrated than the national average. This indicates that while the profession is present, it is not a dominant industry sector within the local workforce, suggesting a potentially less competitive but also potentially less abundant job market compared to more specialized or populous areas.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Evansville, IN Accountants and Auditors Salary | $80,200↑ 2% | 28 mi |
| Bowling Green, KY Accountants and Auditors Salary | $73,140↓ 7% | 66 mi |
| Elizabethtown, KY Accountants and Auditors Salary | $75,480↓ 4% | 68 mi |
| Louisville/Jefferson County, KY-IN Accountants and Auditors Salary | $81,950↑ 5% | 82 mi |
| Clarksville, TN-KY Accountants and Auditors Salary | $73,640↓ 6% | 83 mi |
Comparing salaries near Owensboro, KY
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Owensboro, KY?
The median annual salary for a Accountants and Auditors in Owensboro, KY is $78,310. This typically ranges from $46,700 for entry-level positions to $115,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Owensboro, KY is 17.1% lower than the national median of $94,430.
Is Owensboro, KY a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to national averages.The average salary of $78,310 is significantly lower than the national average of $94,430. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Owensboro, KY a good place to live for Accountants and Auditors?
The Cost of Living Index in Owensboro, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Owensboro, KY?
Some top paying nearby cities include Evansville, IN ($80,200) and Bowling Green, KY.
How does the Owensboro salary compare to the national average?
The average salary for Accountants and Auditors in Owensboro, KY, is $78,310, which is approximately $16,120 less than the national average of $94,430.
What is the concentration of Accountants and Auditors in Owensboro?
The concentration, measured by the Location Quotient, is 0.47, indicating that the presence of Accountants and Auditors in Owensboro is less than half of the national average concentration.
How does the cost of living in Owensboro affect salary perception?
Owensboro's Cost of Living Index is 100, which is the national average. This means the $78,310 salary has the same purchasing power as the national average salary, despite being lower in nominal terms.
What does the job market size suggest for Accountants and Auditors in Owensboro?
With 220 local workers and 4.433 jobs per 1,000 workers, the market is moderately sized, suggesting steady but not explosive demand for accounting and auditing professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Owensboro, KY area with a job density of 4.433 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 Owensboro, KY