Average Accountants and Auditors Salary in Rockford, IL
Accountants and Auditors in Rockford, IL earn an average annual salary of $73,890. This figure is notably below the national average of $94,430, reflecting localized economic conditions and demand specific to the Rockford metropolitan area. Factors such as the regional industry mix and the overall cost of doing business often influence salary benchmarks.
Executive Summary
- Average Salary: $73,890 per year.
- Growth Trend: Salaries have shifted 17.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,190.
- Outlook: The Rockford, IL market for Accountants and Auditors comprises approximately 800 professionals, indicating a stable, albeit not exceptionally concentrated, local workforce. With a Location Quotient of 0.61, the presence of these roles is somewhat less than the national average, suggesting a moderate demand that is met by the existing talent pool. This equilibrium points to a steady job market rather than one experiencing rapid expansion.
Salary Overview
The average Accountants and Auditors in Rockford, IL earns-21.8%below the national average.
$35.5
$1,421
$6,158
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Rockford's Accountants and Auditors is not provided, it is generally assumed that salaries within this profession have experienced consistent, modest growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the need for professionals to stay abreast of evolving regulations and technologies.
Accountants and Auditors Salary Distribution in Rockford, IL
Salary progression for Accountants and Auditors in Rockford, IL, closely follows the standard career trajectory. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on accumulated knowledge and proven expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,860 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,418 | $26.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,050 | $33.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,363 | $44.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,190 | $50.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$73,890
Gross Pay
Real Wage (Purchasing Power)
$73,890
Adjusted for COL (100)
For professionals considering a move to Rockford, IL, the average Accountant and Auditor salary of $73,890 aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the Rockford salary is equivalent to the national average, offering a balanced financial landscape where income and expenses are relatively predictable compared to the rest of the country.
Job Market Context
800
Total Jobs
5.733
Per 1K Jobs
0.61
Location Quotient
Rockford, IL has 0.61x 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 0.61 for Accountants and Auditors in Rockford, IL, indicates that the concentration of these professionals is below the national average. This suggests that while the profession is present and necessary, it is not a dominant industry sector within the local economy. Consequently, the job market may be less competitive than in areas with higher LQs, potentially offering more opportunities for skilled individuals relative to the number of available positions.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Accountants and Auditors Salary | $83,990↑ 14% | 30 mi |
| Madison, WI Accountants and Auditors Salary | $87,100↑ 18% | 59 mi |
| Kenosha, WI Accountants and Auditors Salary | $85,940↑ 16% | 65 mi |
| Racine-Mount Pleasant, WI Accountants and Auditors Salary | $84,600↑ 14% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Accountants and Auditors Salary | $92,100↑ 25% | 78 mi |
Comparing salaries near Rockford, IL
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Frequently Asked Questions
How much does a Accountants and Auditors make in Rockford, IL?
The median annual salary for a Accountants and Auditors in Rockford, IL is $73,890. This typically ranges from $46,860 for entry-level positions to $105,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 21.8% lower than the national median of $94,430.
Is Rockford, IL a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While Rockford, IL offers a stable job market for Accountants and Auditors with an average salary of $73,890, this is significantly lower than the national average. The cost of living being at the national average means the salary's purchasing power is standard, not enhanced.
Is Rockford, IL a good place to live for Accountants and Auditors?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($83,990) and Madison, WI.
What is the average salary for Accountants and Auditors in Rockford, IL?
The average annual salary for Accountants and Auditors in Rockford, IL is $73,890.
How does Rockford's Accountant salary compare to the national average?
The average salary in Rockford, IL ($73,890) is lower than the national average salary of $94,430 for Accountants and Auditors.
What is the Cost of Living in Rockford, IL?
Rockford, IL has a Cost of Living Index of 100, which is exactly the national average.
Is there high demand for Accountants and Auditors in Rockford, IL?
With a Location Quotient of 0.61, the concentration of Accountants and Auditors is below the national average, suggesting moderate demand rather than exceptionally high demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the Rockford, IL area with a job density of 5.733 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 Rockford, IL