Average Accountants and Auditors Salary in Providence-Warwick, RI-MA
Accountants and Auditors in the Providence-Warwick, RI-MA area command an impressive average annual salary of $96,450, surpassing the national average of $94,430. This elevated compensation is often a reflection of the region's specific economic drivers and the demand for specialized financial expertise within its business landscape.
Executive Summary
- Average Salary: $96,450 per year.
- Growth Trend: Salaries have shifted 11.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $145,290.
- Outlook: The Providence-Warwick area supports a robust workforce of 7,430 Accountants and Auditors. With a Location Quotient of 1.12, indicating a slightly higher concentration of these professionals than the national average, the job market demonstrates a healthy and sustained demand for accounting and auditing services.
Salary Overview
The average Accountants and Auditors in Providence-Warwick, RI-MA earns+2.1%above the national average.
$46.4
$1,855
$8,038
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Accountants and Auditors nationwide, including in metropolitan areas like Providence-Warwick, have experienced consistent growth over the past four years. This upward trend is typically driven by increasing regulatory complexity, evolving business needs, and a persistent demand for skilled financial professionals.
Accountants and Auditors Salary Distribution in Providence-Warwick, RI-MA
The career trajectory for Accountants and Auditors in Providence-Warwick, RI-MA, shows a clear correlation between experience and earning potential. Entry-level positions typically start at the lower percentiles, while seasoned professionals with extensive experience and specialized certifications can command salaries in the upper percentiles, reflecting a significant increase in compensation as expertise and responsibility grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,030 | $28.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,338 | $34.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,650 | $42.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $120,563 | $58 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $145,290 | $69.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$96,450
Gross Pay
Real Wage (Purchasing Power)
$96,450
Adjusted for COL (100)
The average annual salary of $96,450 in Providence-Warwick, RI-MA, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in this region is equivalent to the national standard, offering a stable financial environment without significant cost-of-living pressures.
Job Market Context
7,430
Total Jobs
10.511
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.12 for Accountants and Auditors in Providence-Warwick suggests that the region has a slightly higher concentration of these roles compared to the national average. This indicates a competitive yet accessible job market, where opportunities are present, and employers are actively seeking qualified financial talent.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Accountants and Auditors Salary | $94,730↓ 2% | 29 mi |
| Worcester, MA Accountants and Auditors Salary | $95,370↓ 1% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Accountants and Auditors Salary | $103,570↑ 7% | 38 mi |
| Norwich-New London-Willimantic, CT Accountants and Auditors Salary | $88,080↓ 9% | 39 mi |
| Barnstable Town, MA Accountants and Auditors Salary | $93,940↓ 3% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Accountants and Auditors make in Providence-Warwick, RI-MA?
The median annual salary for a Accountants and Auditors in Providence-Warwick, RI-MA is $96,450. This typically ranges from $59,030 for entry-level positions to $145,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 2.1% higher than the national median of $94,430.
Is Providence-Warwick, RI-MA a lucrative place for Accountants and Auditors?
Yes, it is a financially advantageous location for Accountants and Auditors.The average salary of $96,450 is higher than the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Providence-Warwick, RI-MA a good place to live for Accountants and Auditors?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($94,730) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
The average annual salary for Accountants and Auditors in Providence-Warwick is $96,450, which is $2,020 higher than the national average of $94,430.
What is the concentration of Accountants and Auditors in Providence-Warwick?
The Location Quotient is 1.12, meaning there are 12% more Accountants and Auditors per worker in Providence-Warwick than the national average, indicating a slightly higher concentration.
How does the cost of living affect the salary in Providence-Warwick?
With a Cost of Living Index of 100, the local cost of living is exactly the national average, making the $96,450 salary hold its value effectively compared to national standards.
What is the total number of Accountants and Auditors in the Providence-Warwick area?
There are approximately 7,430 Accountants and Auditors employed in the Providence-Warwick, RI-MA 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 7,430 employees in the Providence-Warwick, RI-MA area with a job density of 10.511 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 Providence-Warwick, RI-MA