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Average Accountants and Auditors Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Accountants and Auditors in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an impressive average annual salary of $96,390. This figure slightly surpasses the national average of $94,430, indicating a strong demand and potentially higher value placed on financial expertise within this metropolitan region. The localized economic factors and industry concentration contribute to this favorable compensation.

Executive Summary

  • Average Salary: $96,390 per year.
  • Growth Trend: Salaries have shifted 12.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $139,140.
  • Outlook: With a substantial local workforce of 29,180 Accountants and Auditors, and a Location Quotient of 1.08, the job market in Philadelphia-Camden-Wilmington demonstrates a robust and slightly above-average concentration of these professionals. This suggests a healthy demand for accounting and auditing services, underpinning a stable and potentially growing employment landscape for individuals in this field within the region.
2024 Market Data

Salary Overview

$96,390

The average Accountants and Auditors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+2.1%above the national average.

BreakdownBased on 40h/week
Hourly

$46.3

Weekly

$1,854

Monthly

$8,033

Accountants and Auditors Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Salary progression for Accountants and Auditors in Philadelphia-Camden-Wilmington typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, often exceeding $110,000. These percentile gaps clearly signify the career progression and increased earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$57,630$27.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$72,293$34.8
ManagerOversees team, compliance, and project delivery.50% (Median)$84,080$40.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$120,488$57.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$139,140$66.9

Detailed Accountants and Auditors Market Analysis

Relocation Context

Nominal Salary

$96,390

Gross Pay

Real Wage (Purchasing Power)

$96,390

Adjusted for COL (100)

The average annual salary of $96,390 in Philadelphia-Camden-Wilmington aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor's salary in this region is equivalent to the national average, offering a stable financial standing without significant gains or losses in real terms compared to the rest of the country.

Job Market Context

29,180

Total Jobs

10.171

Per 1K Jobs

1.08

Location Quotient

Above Average

With a location quotient of 1.08, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.

The Location Quotient of 1.08 for Accountants and Auditors in Philadelphia-Camden-Wilmington indicates a job market that is slightly more concentrated than the national average. This suggests that while the demand is present and slightly elevated, the market is not oversaturated, offering a competitive yet accessible environment for both new entrants and experienced professionals seeking opportunities.

Nearby Job Markets

Nearby Cities for Accountants and Auditors

CitySalaryDist.
Trenton-Princeton, NJ Accountants and Auditors Salary$104,930↑ 9%28 mi
Vineland, NJ Accountants and Auditors Salary$95,170↓ 1%35 mi
Allentown-Bethlehem-Easton, PA-NJ Accountants and Auditors Salary$84,670↓ 12%47 mi
Sussex Delaware nonmetropolitan area Accountants and Auditors Salary$78,590↓ 18%47 mi
Reading, PA Accountants and Auditors Salary$84,230↓ 13%48 mi

Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Hiring Accountants and Auditorss?

Frequently Asked Questions

How much does a Accountants and Auditors make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?

The median annual salary for a Accountants and Auditors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $96,390. This typically ranges from $57,630 for entry-level positions to $139,140 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 2.1% higher than the national median of $94,430.

Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Accountants and Auditors?

Yes, it offers slightly above-average compensation.The average salary of $96,390 is higher than the national average, and the cost of living is on par with the national average, making it a financially favorable location.

Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Accountants and Auditors?

The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?

Some top paying nearby cities include Trenton-Princeton, NJ ($104,930) and Vineland, NJ.

How does the local Accountant and Auditor salary compare to the national average?

The average annual salary for Accountants and Auditors in Philadelphia-Camden-Wilmington is $96,390, which is slightly higher than the national average of $94,430.

What is the concentration of Accountants and Auditors in Philadelphia-Camden-Wilmington?

The region has a Location Quotient of 1.08, indicating a slightly higher concentration of Accountants and Auditors compared to the national average.

How does the cost of living affect the salary for Accountants and Auditors in Philadelphia?

The Cost of Living Index is 100, which is the national average. Therefore, the $96,390 salary in Philadelphia offers purchasing power equivalent to the national average.

What is the total workforce size for Accountants and Auditors in this region?

There are 29,180 Accountants and Auditors employed in the Philadelphia-Camden-Wilmington metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 29,180 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 10.171 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD