Average Accountants and Auditors Salary in Paducah, KY-IL
Accountants and Auditors in Paducah, KY-IL earn an average annual salary of $71,030, which is notably below the national average of $94,430. This disparity is often influenced by local economic factors, industry demand, and the overall cost of doing business within the region. While Paducah offers a unique economic landscape, it presents a different compensation structure compared to larger metropolitan areas.
Executive Summary
- Average Salary: $71,030 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,850.
- Outlook: The Paducah, KY-IL area supports a local workforce of 280 Accountants and Auditors. With a jobs-per-1,000-workers ratio of 5.461, the presence of these professionals is moderately concentrated relative to the national average. This suggests a stable, albeit not exceptionally high, demand for accounting and auditing services within the local economy.
Salary Overview
The average Accountants and Auditors in Paducah, KY-IL earns-24.8%below the national average.
$34.2
$1,366
$5,919
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Paducah is not provided, it's reasonable to assume that salaries for Accountants and Auditors in the region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry needs typically drive incremental increases in compensation for skilled professionals.
Accountants and Auditors Salary Distribution in Paducah, KY-IL
Career progression for Accountants and Auditors in Paducah, KY-IL, like elsewhere, is typically marked by increasing salary levels. Entry-level positions will command lower salaries, while senior roles, requiring extensive experience and specialized knowledge, will see significant increases. The percentile gaps between junior and senior roles reflect the value placed on accumulated expertise and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,440 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,273 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,000 | $31.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,788 | $42.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,850 | $50.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$71,030
Gross Pay
Real Wage (Purchasing Power)
$71,030
Adjusted for COL (100)
The nominal average salary of $71,030 in Paducah, KY-IL aligns perfectly with the national average cost of living index of 100. This means that while the take-home pay is lower than the national average for this profession, the purchasing power of that salary is equivalent to the national average. Therefore, the salary offers a comparable standard of living to what one might expect nationally.
Job Market Context
280
Total Jobs
5.461
Per 1K Jobs
0.58
Location Quotient
Paducah, KY-IL has 0.58x 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 0.58, the market for Accountants and Auditors in Paducah, KY-IL 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 employment landscape. This could suggest fewer specialized opportunities but potentially less intense competition for general accounting roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Cape Girardeau, MO-IL Accountants and Auditors Salary | $71,170↑ 0% | 53 mi |
| Clarksville, TN-KY Accountants and Auditors Salary | $73,640↑ 4% | 80 mi |
| Evansville, IN Accountants and Auditors Salary | $80,200↑ 13% | 88 mi |
| Owensboro, KY Accountants and Auditors Salary | $78,310↑ 10% | 96 mi |
| Jackson, TN Accountants and Auditors Salary | $72,950↑ 3% | 99 mi |
Comparing salaries near Paducah, KY-IL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Paducah, KY-IL?
The median annual salary for a Accountants and Auditors in Paducah, KY-IL is $71,030. This typically ranges from $40,440 for entry-level positions to $104,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Paducah, KY-IL is 24.8% lower than the national median of $94,430.
Is Paducah, KY-IL a lucrative place for Accountants and Auditors?
No, not compared to the national average.The average salary of $71,030 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 maintained.
Is Paducah, KY-IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Paducah, KY-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Paducah, KY-IL?
Some top paying nearby cities include Cape Girardeau, MO-IL ($71,170) and Clarksville, TN-KY.
How does Paducah's Accountant salary compare to the national average?
Accountants and Auditors in Paducah, KY-IL earn approximately $23,400 less annually than the national average, with a median salary of $71,030 compared to $94,430.
What is the cost of living in Paducah, KY-IL for Accountants?
The cost of living in Paducah, KY-IL is exactly at the national average, indexed at 100. This means your salary will have the same purchasing power as it would in a typical U.S. city.
How concentrated is the Accountant job market in Paducah?
The job market for Accountants and Auditors in Paducah is less concentrated than the national average, with a Location Quotient of 0.58, suggesting moderate demand relative to the national scale.
What is the total number of Accountants and Auditors in Paducah?
There are approximately 280 Accountants and Auditors employed in the Paducah, KY-IL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Paducah, KY-IL area with a job density of 5.461 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 Paducah, KY-IL