Average Accountants and Auditors Salary in Palm Bay-Melbourne-Titusville, FL
Accountants and Auditors in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $85,730. This figure is below the national average of $94,430, indicating that local market dynamics and potentially regional economic factors influence compensation. While the national average sets a benchmark, localized demand and the specific economic environment of Florida's Space Coast play a significant role in determining actual pay rates.
Executive Summary
- Average Salary: $85,730 per year.
- Growth Trend: Salaries have shifted 14.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,180.
- Outlook: With a local workforce of 1,850 Accountants and Auditors and a Location Quotient of 0.81, the job market in Palm Bay-Melbourne-Titusville shows a slightly lower concentration compared to the national average. This suggests a stable, though not exceptionally dense, demand for these professionals. The presence of nearly 2,000 individuals in this field indicates a consistent need for accounting services within the region, supporting a steady job market.
Salary Overview
The average Accountants and Auditors in Palm Bay-Melbourne-Titusville, FL earns-9.2%below the national average.
$41.2
$1,649
$7,144
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 Palm Bay-Melbourne-Titusville have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for financial expertise typically drive upward salary adjustments in most professional fields, including accounting.
Accountants and Auditors Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Salary progression for Accountants and Auditors in Palm Bay-Melbourne-Titusville, FL, is typically tied to experience and specialization. Entry-level positions will likely fall at the lower end of the pay scale, while senior accountants and auditors with specialized skills or management responsibilities can command significantly higher salaries. The percentile gaps in salary distribution reflect these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,880 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,298 | $30.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,750 | $37.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,163 | $51.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,180 | $62.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$85,730
Gross Pay
Real Wage (Purchasing Power)
$85,730
Adjusted for COL (100)
The average annual salary of $85,730 in Palm Bay-Melbourne-Titusville, FL, aligns precisely with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average. While the salary is lower than the national average for the profession, the cost of living being at par suggests that the take-home pay may offer comparable living standards to other regions.
Job Market Context
1,850
Total Jobs
7.62
Per 1K Jobs
0.81
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 0.81x 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 0.81 for Accountants and Auditors in Palm Bay-Melbourne-Titusville indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a solid presence of accounting professionals, the market is not oversaturated, potentially offering good opportunities for skilled individuals. It implies a balanced demand and supply dynamic within the local job market.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Accountants and Auditors Salary | $80,500↓ 6% | 17 mi |
| Port St. Lucie, FL Accountants and Auditors Salary | $88,270↑ 3% | 50 mi |
| Sebring, FL Accountants and Auditors Salary | $74,550↓ 13% | 59 mi |
| Orlando-Kissimmee-Sanford, FL Accountants and Auditors Salary | $88,150↑ 3% | 59 mi |
| North Florida nonmetropolitan area Accountants and Auditors Salary | $82,030↓ 4% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Accountants and Auditors in Palm Bay-Melbourne-Titusville, FL is $85,730. This typically ranges from $48,880 for entry-level positions to $129,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 9.2% lower than the national median of $94,430.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Accountants and Auditors?
No, but it offers average cost of living value.The average salary of $85,730 is below the national average, but the Cost of Living Index is exactly at the national average, making the salary's purchasing power comparable nationally.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Accountants and Auditors?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($80,500) and Port St. Lucie, FL.
How does the local workforce size affect job prospects for Accountants and Auditors in Palm Bay-Melbourne-Titusville?
A local workforce of 1,850 indicates a substantial number of professionals in the field, suggesting a consistent demand for accounting services and a healthy job market with opportunities for both new entrants and experienced professionals.
What does a Location Quotient of 0.81 mean for Accountants and Auditors in this area?
A Location Quotient of 0.81 means that Accountants and Auditors are slightly less concentrated in Palm Bay-Melbourne-Titusville compared to the national average. This suggests a potentially less competitive market, which could be advantageous for job seekers.
How does the Cost of Living in Palm Bay-Melbourne-Titusville compare to the national average?
The Cost of Living Index is 100, which is exactly the national average. This means that the general expenses for goods and services in Palm Bay-Melbourne-Titusville are on par with the rest of the country.
What is the average number of Accountants and Auditors per 1,000 workers in Palm Bay-Melbourne-Titusville?
There are 7.62 Accountants and Auditors per 1,000 workers in the Palm Bay-Melbourne-Titusville area, providing a specific metric for the prevalence of this profession within the local labor force.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,850 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 7.62 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 Palm Bay-Melbourne-Titusville, FL