Average Accountants and Auditors Salary in Salisbury, MD
Accountants and Auditors in Salisbury, MD, earn an average annual salary of $79,440. This figure is notably below the national average of $94,430, reflecting localized economic factors and demand specific to the Salisbury area. The pay differential suggests that while the cost of living is balanced, the concentration of opportunities and industry demands in Salisbury influence compensation.
Executive Summary
- Average Salary: $79,440 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,460.
- Outlook: With a local workforce of 360 Accountants and Auditors, Salisbury presents a moderately sized professional pool. The Location Quotient of 0.71 indicates a slightly lower concentration of these roles compared to the national average, suggesting a stable but not exceptionally high demand. The presence of 6.657 jobs per 1,000 workers further supports the notion of a consistent, albeit not rapidly expanding, job market for this profession in the region.
Salary Overview
The average Accountants and Auditors in Salisbury, MD earns-15.9%below the national average.
$38.2
$1,528
$6,620
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Salisbury is not provided, it is generally observed that salaries for Accountants and Auditors across the nation have experienced steady growth over the past four years, driven by increasing regulatory complexity and the essential nature of financial oversight. It is reasonable to assume that Salisbury's market has mirrored this trend to some extent, with incremental salary increases reflecting both inflation and evolving professional demands.
Accountants and Auditors Salary Distribution in Salisbury, MD
The career trajectory for Accountants and Auditors typically involves significant salary progression with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries well into the higher percentiles, potentially exceeding $100,000. The widening gap between entry-level and senior roles underscores the value placed on expertise and demonstrated performance in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,960 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,580 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,720 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,300 | $47.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,460 | $53.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,440
Gross Pay
Real Wage (Purchasing Power)
$79,440
Adjusted for COL (100)
The average annual salary of $79,440 in Salisbury, MD, aligns precisely with the national average cost of living (100). This means that while the nominal salary is lower than the national average for the profession, the purchasing power of that salary within Salisbury is equivalent to the national average. Therefore, the $79,440 salary offers a comparable standard of living to what $94,430 might provide in a higher cost-of-living area.
Job Market Context
360
Total Jobs
6.657
Per 1K Jobs
0.71
Location Quotient
Salisbury, MD has 0.71x 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 0.71 for Accountants and Auditors in Salisbury, MD, signifies that this profession is slightly less concentrated in the local economy compared to its presence nationwide. This suggests that while opportunities exist, the market is not saturated, and there is a steady, predictable demand for skilled professionals. It implies a balanced environment where employers are likely seeking qualified candidates, but the competition might be less intense than in major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Lexington Park, MD Accountants and Auditors Salary | $96,970↑ 22% | 47 mi |
| Dover, DE Accountants and Auditors Salary | $74,950↓ 6% | 54 mi |
| Sussex Delaware nonmetropolitan area Accountants and Auditors Salary | $78,590↓ 1% | 65 mi |
| Maryland nonmetropolitan area Accountants and Auditors Salary | $81,700↑ 3% | 81 mi |
| Vineland, NJ Accountants and Auditors Salary | $95,170↑ 20% | 82 mi |
Comparing salaries near Salisbury, MD
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Frequently Asked Questions
How much does a Accountants and Auditors make in Salisbury, MD?
The median annual salary for a Accountants and Auditors in Salisbury, MD is $79,440. This typically ranges from $48,960 for entry-level positions to $110,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salisbury, MD is 15.9% lower than the national median of $94,430.
Is Salisbury, MD a lucrative place for Accountants and Auditors?
No, not more lucrative than the national average.While the average salary of $79,440 is competitive within Salisbury, it falls below the national average of $94,430 for Accountants and Auditors. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Salisbury, MD a good place to live for Accountants and Auditors?
The Cost of Living Index in Salisbury, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salisbury, MD?
Some top paying nearby cities include Lexington Park, MD ($96,970) and Dover, DE.
How does Salisbury's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Salisbury, MD, is $79,440, which is $15,000 less than the national average of $94,430.
What is the cost of living in Salisbury, MD for Accountants?
Salisbury, MD, 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 United States.
Is there high demand for Accountants and Auditors in Salisbury, MD?
The Location Quotient of 0.71 suggests a slightly lower concentration of Accountants and Auditors than the national average, indicating a stable but not exceptionally high demand.
How many Accountants and Auditors are there in Salisbury, MD?
The total local workforce for Accountants and Auditors in Salisbury, MD, is approximately 360 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Salisbury, MD area with a job density of 6.657 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 Salisbury, MD