Average Accountants and Auditors Salary in Portland-South Portland, ME
Accountants and Auditors in Portland-South Portland, ME, earn an average annual salary of $90,730. This figure is slightly below the national average of $94,430, indicating a localized compensation structure influenced by regional economic factors and demand within the Maine market. While not reaching the national benchmark, this salary reflects the specific economic landscape of the area.
Executive Summary
- Average Salary: $90,730 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,950.
- Outlook: With a local workforce of 1,980 Accountants and Auditors, and a Location Quotient of 0.74, the job market in Portland-South Portland, ME, suggests a stable but not overly concentrated demand for these professionals. The number of jobs per 1,000 workers (6.959) indicates a moderate presence of these roles, implying consistent opportunities without intense competition from an oversupply of talent.
Salary Overview
The average Accountants and Auditors in Portland-South Portland, ME earns-3.9%below the national average.
$43.6
$1,745
$7,561
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Portland-South Portland, ME is not provided, it is generally observed that salaries for Accountants and Auditors nationwide have experienced steady growth over the past four years, driven by increasing regulatory complexity and the essential nature of financial oversight. It's reasonable to assume that professionals in Portland-South Portland have also seen incremental salary increases, aligning with broader economic trends and inflation adjustments.
Accountants and Auditors Salary Distribution in Portland-South Portland, ME
Salary progression for Accountants and Auditors in Portland-South Portland, ME, typically follows a clear path from entry-level to senior positions. Junior roles might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, significantly exceeding the average. These percentile gaps are crucial indicators of career advancement and the increasing value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,740 | $28.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,048 | $32.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,580 | $39.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,413 | $54.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,950 | $64.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$90,730
Gross Pay
Real Wage (Purchasing Power)
$90,730
Adjusted for COL (100)
The average annual salary of $90,730 in Portland-South Portland, ME, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in this area is equivalent to the national average, suggesting that the nominal salary offers a comparable standard of living to other regions across the United States.
Job Market Context
1,980
Total Jobs
6.959
Per 1K Jobs
0.74
Location Quotient
Portland-South Portland, ME has 0.74x 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.
A Location Quotient of 0.74 for Accountants and Auditors in Portland-South Portland, ME, indicates that this profession is slightly less concentrated than the national average. This suggests that while there is a solid presence of these roles, the market is not saturated, potentially offering good opportunities for skilled professionals seeking employment without facing extreme competition.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Lewiston-Auburn, ME Accountants and Auditors Salary | $82,430↓ 9% | 29 mi |
| Central New Hampshire nonmetropolitan area Accountants and Auditors Salary | $85,360↓ 6% | 67 mi |
| Northern New Hampshire nonmetropolitan area Accountants and Auditors Salary | $81,220↓ 10% | 67 mi |
| Southwestern New Hampshire nonmetropolitan area Accountants and Auditors Salary | $77,380↓ 15% | 67 mi |
| Manchester-Nashua, NH Accountants and Auditors Salary | $89,100↓ 2% | 76 mi |
Comparing salaries near Portland-South Portland, ME
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Portland-South Portland, ME?
The median annual salary for a Accountants and Auditors in Portland-South Portland, ME is $90,730. This typically ranges from $59,740 for entry-level positions to $133,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 3.9% lower than the national median of $94,430.
Is Portland-South Portland, ME a lucrative place for Accountants and Auditorss?
No, not exceptionally lucrative compared to the national average.While the average salary of $90,730 is substantial, it falls slightly below the national average of $94,430. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.
Is Portland-South Portland, ME a good place to live for Accountants and Auditors?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Lewiston-Auburn, ME ($82,430) and Central New Hampshire nonmetropolitan area.
How does the local workforce size affect job opportunities for Accountants and Auditors in Portland-South Portland, ME?
The local workforce of 1,980 suggests a significant number of accounting roles exist, providing a stable base for job seekers. However, the moderate size indicates that while opportunities are present, the market may not be as dynamic as in larger metropolitan areas.
What is the significance of the Location Quotient (LQ) for Accountants and Auditors in this region?
An LQ of 0.74 signifies that Accountants and Auditors are less concentrated in Portland-South Portland, ME, compared to the national average. This can imply a potentially less competitive job market for skilled professionals, as the supply might not be as abundant as demand.
How does experience impact an Accountant's salary in Portland-South Portland, ME?
Experience is a key driver of salary growth. Entry-level accountants will earn at the lower end of the pay scale, while senior accountants with specialized expertise and years of experience can command significantly higher salaries, often well above the $90,730 average.
Is the salary for Accountants and Auditors in Portland-South Portland, ME sufficient for the cost of living?
Yes, the average salary of $90,730 is perfectly aligned with the national average cost of living index of 100. This means that the purchasing power of an accountant's salary in this region is comparable to the national average, indicating a balanced economic environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,980 employees in the Portland-South Portland, ME area with a job density of 6.959 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 Portland-South Portland, ME