Average Accountants and Auditors Salary in Saginaw, MI
Accountants and Auditors in Saginaw, MI, earn an average annual salary of $79,490. 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 Michigan city. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $79,490 per year.
- Growth Trend: Salaries have shifted 12.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $112,280.
- Outlook: Saginaw, MI, supports a local workforce of 730 Accountants and Auditors. With a Location Quotient of 0.98, the concentration of these professionals is nearly on par with the national average, indicating a stable, albeit not exceptionally concentrated, job market. The presence of 9.177 jobs per 1,000 workers suggests a consistent demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Saginaw, MI earns-15.8%below the national average.
$38.2
$1,529
$6,624
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Saginaw is not provided, it is generally assumed that salaries for Accountants and Auditors across the nation, and likely in Saginaw, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and evolving regulatory landscapes that necessitate skilled accounting professionals.
Accountants and Auditors Salary Distribution in Saginaw, MI
The salary range for Accountants and Auditors in Saginaw, MI, typically scales with experience. Entry-level positions might start closer to the lower percentiles, while senior roles and those with specialized expertise can command salaries significantly higher than the average. The gap between lower and higher percentile earnings signifies clear career progression opportunities and the value placed on seasoned professionals in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,810 | $24.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,618 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,400 | $33.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,363 | $47.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $112,280 | $54 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,490
Gross Pay
Real Wage (Purchasing Power)
$79,490
Adjusted for COL (100)
With an average annual salary of $79,490 and a Cost of Living Index of 100, Accountants and Auditors in Saginaw, MI, experience a salary that aligns precisely with the national average cost of living. This means that the purchasing power of their income in Saginaw is comparable to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
730
Total Jobs
9.177
Per 1K Jobs
0.98
Location Quotient
Saginaw, MI has 0.98x 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 0.98 for Accountants and Auditors in Saginaw, MI, indicates that the profession is present in Saginaw at a rate very close to the national average. This suggests a balanced job market where the supply of accounting professionals closely matches the demand from local businesses, without significant oversupply or undersupply.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bay City, MI Accountants and Auditors Salary | $74,830↓ 6% | 12 mi |
| Midland, MI Accountants and Auditors Salary | $97,350↑ 22% | 20 mi |
| Mid Michigan nonmetropolitan area Accountants and Auditors Salary | $76,300↓ 4% | 30 mi |
| Southern Michigan nonmetropolitan area Accountants and Auditors Salary | $78,000↓ 2% | 30 mi |
| Northern Michigan nonmetropolitan area Accountants and Auditors Salary | $73,430↓ 8% | 30 mi |
Comparing salaries near Saginaw, MI
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Frequently Asked Questions
How much does a Accountants and Auditors make in Saginaw, MI?
The median annual salary for a Accountants and Auditors in Saginaw, MI is $79,490. This typically ranges from $51,810 for entry-level positions to $112,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Saginaw, MI is 15.8% lower than the national median of $94,430.
Is Saginaw, MI a lucrative place for Accountants and Auditors?
No, not compared to the national average.While Saginaw offers a stable job market for Accountants and Auditors, the average salary of $79,490 falls below the national average of $94,430. However, the cost of living is also at the national average, meaning your purchasing power is comparable.
Is Saginaw, MI a good place to live for Accountants and Auditors?
The Cost of Living Index in Saginaw, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Saginaw, MI?
Some top paying nearby cities include Bay City, MI ($74,830) and Midland, MI.
What is the average salary for Accountants and Auditors in Saginaw, MI?
The average annual salary for Accountants and Auditors in Saginaw, MI, is $79,490.
How does Saginaw's cost of living compare to the national average?
Saginaw, MI, has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the country.
How concentrated is the market for Accountants and Auditors in Saginaw?
The market for Accountants and Auditors in Saginaw is nearly as concentrated as the national average, with a Location Quotient of 0.98, indicating a balanced presence of professionals.
What is the total number of Accountants and Auditors in Saginaw, MI?
There are approximately 730 Accountants and Auditors employed in the Saginaw, MI, area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 730 employees in the Saginaw, MI area with a job density of 9.177 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 Saginaw, MI