Average Accountants and Auditors Salary in South Bend-Mishawaka, IN-MI
Accountants and Auditors in the South Bend-Mishawaka, IN-MI area earn an average annual salary of $82,030. 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 region. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $82,030 per year.
- Growth Trend: Salaries have shifted 3.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,390.
- Outlook: With a local workforce of 1,140 Accountants and Auditors, and a Location Quotient of 0.93, the job market in South Bend-Mishawaka indicates a presence that is nearly on par with the national average in terms of concentration. This suggests a stable, albeit not exceptionally concentrated, demand for these professionals, implying a steady job market rather than rapid expansion.
Salary Overview
The average Accountants and Auditors in South Bend-Mishawaka, IN-MI earns-13.1%below the national average.
$39.4
$1,578
$6,836
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing profession has experienced consistent salary growth over the past four years, driven by inflation, increasing regulatory complexity, and a steady demand for financial expertise across various industries. Professionals in South Bend-Mishawaka likely have seen incremental increases in their compensation, mirroring broader economic trends.
Accountants and Auditors Salary Distribution in South Bend-Mishawaka, IN-MI
Salary progression for Accountants and Auditors typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well into the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth opportunities and increased earning potential over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,090 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,523 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,700 | $37.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,538 | $49.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,390 | $59.8 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$82,030
Gross Pay
Real Wage (Purchasing Power)
$82,030
Adjusted for COL (100)
The average annual salary of $82,030 in South Bend-Mishawaka aligns perfectly with the national average Cost of Living 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 average, making it neither exceptionally expensive nor remarkably affordable from a cost-of-living perspective.
Job Market Context
1,140
Total Jobs
8.69
Per 1K Jobs
0.93
Location Quotient
South Bend-Mishawaka, IN-MI has 0.93x 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 0.93 for Accountants and Auditors in South Bend-Mishawaka suggests that the concentration of these professionals in the area is slightly below the national average. This indicates a competitive job market where demand is present but not overwhelmingly high, offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Niles, MI Accountants and Auditors Salary | $80,750↓ 2% | 11 mi |
| Elkhart-Goshen, IN Accountants and Auditors Salary | $84,170↑ 3% | 16 mi |
| Michigan City-La Porte, IN Accountants and Auditors Salary | $77,800↓ 5% | 31 mi |
| Kalamazoo-Portage, MI Accountants and Auditors Salary | $80,180↓ 2% | 54 mi |
| Battle Creek, MI Accountants and Auditors Salary | $80,880↓ 1% | 69 mi |
Comparing salaries near South Bend-Mishawaka, IN-MI
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Frequently Asked Questions
How much does a Accountants and Auditors make in South Bend-Mishawaka, IN-MI?
The median annual salary for a Accountants and Auditors in South Bend-Mishawaka, IN-MI is $82,030. This typically ranges from $51,090 for entry-level positions to $124,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Bend-Mishawaka, IN-MI is 13.1% lower than the national median of $94,430.
Is South Bend-Mishawaka, IN-MI a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the average salary of $82,030 is respectable, it falls below the national average of $94,430. However, the cost of living being at the national average (100) means the salary's purchasing power is equivalent nationally.
Is South Bend-Mishawaka, IN-MI a good place to live for Accountants and Auditors?
The Cost of Living Index in South Bend-Mishawaka, IN-MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Bend-Mishawaka, IN-MI?
Some top paying nearby cities include Niles, MI ($80,750) and Elkhart-Goshen, IN.
How does the local job market compare to the national average for Accountants and Auditors?
The local job market in South Bend-Mishawaka has a concentration (Location Quotient) of 0.93, which is slightly below the national average, indicating a stable but not overly saturated market for these professionals.
What is the average number of Accountants and Auditors per 1,000 workers in South Bend-Mishawaka?
There are approximately 8.69 Accountants and Auditors per 1,000 workers in the South Bend-Mishawaka area, reflecting the local employment landscape for this profession.
How does the cost of living in South Bend-Mishawaka affect the salary of an Accountant?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average. This means the $82,030 salary has the same purchasing power as the national average salary would have across the U.S.
What is the total number of Accountants and Auditors employed in South Bend-Mishawaka?
The South Bend-Mishawaka region employs a total of 1,140 Accountants and Auditors, representing a significant segment of the local professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,140 employees in the South Bend-Mishawaka, IN-MI area with a job density of 8.69 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 South Bend-Mishawaka, IN-MI