Average Accountants and Auditors Salary in Roanoke, VA
Accountants and Auditors in Roanoke, VA, earn an average annual salary of $76,000. This figure is notably below the national average of $94,430, suggesting that local economic factors and industry demand play a significant role in compensation within this Virginia market. The cost of living in Roanoke aligns with the national average, making the salary comparison a key consideration for professionals.
Executive Summary
- Average Salary: $76,000 per year.
- Growth Trend: Salaries have shifted 7.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,120.
- Outlook: With a local workforce of 1,310 Accountants and Auditors and a Location Quotient of 0.92, the job market in Roanoke indicates a presence that is nearly on par with the national concentration. While not exceeding the national average in terms of density, this figure suggests a stable and consistent demand for accounting professionals, reflecting a healthy, albeit not exceptionally concentrated, employment landscape.
Salary Overview
The average Accountants and Auditors in Roanoke, VA earns-19.5%below the national average.
$36.5
$1,462
$6,333
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Roanoke's Accountants and Auditors is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and increasing demand for financial expertise typically drive incremental salary increases for skilled professionals in established markets like Roanoke.
Accountants and Auditors Salary Distribution in Roanoke, VA
Salary progression for Accountants and Auditors in Roanoke, VA, typically follows a clear trajectory based on experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries significantly higher, potentially reaching into the upper percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,910 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,000 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,770 | $34.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,000 | $45.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,120 | $51 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$76,000
Gross Pay
Real Wage (Purchasing Power)
$76,000
Adjusted for COL (100)
The average annual salary of $76,000 in Roanoke, VA, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of an Accountant's salary in Roanoke is equivalent to the national average. Professionals relocating to Roanoke can expect their earnings to cover living expenses at a standard rate, without a significant premium or discount due to local costs.
Job Market Context
1,310
Total Jobs
8.605
Per 1K Jobs
0.92
Location Quotient
Roanoke, VA has 0.92x 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 0.92 for Accountants and Auditors in Roanoke, VA, indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is robust and supports a significant number of professionals (8.605 jobs per 1,000 workers), it may offer slightly less competition compared to hyper-concentrated areas, potentially creating opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Blacksburg-Christiansburg-Radford, VA Accountants and Auditors Salary | $76,640↑ 1% | 26 mi |
| Lynchburg, VA Accountants and Auditors Salary | $81,050↑ 7% | 43 mi |
| Beckley, WV Accountants and Auditors Salary | $80,980↑ 7% | 76 mi |
| Staunton-Stuarts Draft, VA Accountants and Auditors Salary | $78,140↑ 3% | 78 mi |
| Greensboro-High Point, NC Accountants and Auditors Salary | $85,840↑ 13% | 82 mi |
Comparing salaries near Roanoke, VA
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Frequently Asked Questions
How much does a Accountants and Auditors make in Roanoke, VA?
The median annual salary for a Accountants and Auditors in Roanoke, VA is $76,000. This typically ranges from $46,910 for entry-level positions to $106,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Roanoke, VA is 19.5% lower than the national median of $94,430.
Is Roanoke, VA a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While Roanoke offers a stable job market for Accountants and Auditors, the average salary of $76,000 is below the national average of $94,430. However, the cost of living is on par with the national average, making the salary's purchasing power standard.
Is Roanoke, VA a good place to live for Accountants and Auditors?
The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Roanoke, VA?
Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($76,640) and Lynchburg, VA.
How does Roanoke's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Roanoke, VA, is $76,000, which is lower than the national average of $94,430.
What is the job market like for Accountants and Auditors in Roanoke, VA?
Roanoke has a stable job market with 1,310 Accountants and Auditors employed locally. The Location Quotient of 0.92 suggests the profession is nearly as concentrated as the national average.
Does the cost of living in Roanoke affect the value of the Accountant salary?
No, the cost of living in Roanoke is exactly at the national average (100). This means the $76,000 salary has standard purchasing power comparable to the national average.
How much does experience impact an Accountant's salary in Roanoke?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher salaries, reflecting typical career progression and increased earning potential.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,310 employees in the Roanoke, VA area with a job density of 8.605 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 Roanoke, VA