Average Accountants and Auditors Salary in South Central Kentucky nonmetropolitan area
Accountants and Auditors in South Central Kentucky's nonmetropolitan area earn an average annual salary of $69,510. This figure significantly trails the national average of $94,430, reflecting regional economic factors and a lower concentration of demand for these specialized roles. The specific economic landscape and industry mix within this nonmetropolitan region directly influence compensation levels for financial professionals.
Executive Summary
- Average Salary: $69,510 per year.
- Growth Trend: Salaries have shifted 13.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $101,450.
- Outlook: The job market for Accountants and Auditors in South Central Kentucky's nonmetropolitan area, with a total workforce of 760 professionals, indicates a stable but not rapidly expanding demand. The Location Quotient of 0.47 suggests that this area has less than half the national concentration of these roles, implying a niche presence rather than a booming sector. While the absolute number of jobs per 1,000 workers (4.44) is modest, it signifies a consistent, albeit localized, need for accounting expertise.
Salary Overview
The average Accountants and Auditors in South Central Kentucky nonmetropolitan area earns-26.4%below the national average.
$33.4
$1,337
$5,793
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Accountants and Auditors over the past four years, mirroring national patterns. Economic recovery and increased regulatory complexity often drive demand and, consequently, compensation for financial professionals. This upward trajectory, even if modest in a nonmetropolitan setting, suggests that the earning potential for skilled accountants in this region has likely seen incremental improvements.
Accountants and Auditors Salary Distribution in South Central Kentucky nonmetropolitan area
Career progression for Accountants and Auditors in South Central Kentucky's nonmetropolitan area typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command substantially higher compensation. The percentile gaps between junior and senior roles highlight the tangible financial rewards associated with accumulating experience and advancing through the professional ranks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,530 | $20 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,133 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,110 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,888 | $41.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $101,450 | $48.8 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$69,510
Gross Pay
Real Wage (Purchasing Power)
$69,510
Adjusted for COL (100)
The nominal average salary of $69,510 in South Central Kentucky's nonmetropolitan area aligns precisely with the national average cost of living, indicated by an index of 100. This means that while the salary is lower than the national average, the purchasing power of that income locally is comparable to the national standard. Therefore, the $69,510 salary offers a standard of living equivalent to what $94,430 might provide in a national average cost-of-living area.
Job Market Context
760
Total Jobs
4.44
Per 1K Jobs
0.47
Location Quotient
At 0.47x, South Central Kentucky nonmetropolitan area has a notably lower concentration of Accountants and Auditors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.47, the market for Accountants and Auditors in South Central Kentucky's nonmetropolitan area is less concentrated than the national average. This suggests that the job market is not saturated, and while demand may be moderate, there are fewer professionals competing for available positions compared to national hubs. This lower concentration could present opportunities for skilled individuals to establish themselves, though the overall volume of openings might be limited.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Accountants and Auditors Salary | $76,910↑ 11% | 28 mi |
| Elizabethtown, KY Accountants and Auditors Salary | $75,480↑ 9% | 66 mi |
| Louisville/Jefferson County, KY-IN Accountants and Auditors Salary | $81,950↑ 18% | 72 mi |
| Cincinnati, OH-KY-IN Accountants and Auditors Salary | $86,970↑ 25% | 100 mi |
Comparing salaries near South Central Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Accountants and Auditors in South Central Kentucky nonmetropolitan area is $69,510. This typically ranges from $41,530 for entry-level positions to $101,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 26.4% lower than the national median of $94,430.
Is South Central Kentucky nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered lucrative compared to national standards.The average salary of $69,510 is substantially lower than the national average of $94,430, despite a cost of living that matches the national average. This indicates less competitive compensation within the region for this profession.
Is South Central Kentucky nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($76,910) and Elizabethtown, KY.
How does the local workforce size affect job prospects?
The local workforce of 760 Accountants and Auditors suggests a smaller, more specialized job pool. While this can mean less competition for certain roles, it also indicates a potentially limited number of overall opportunities compared to larger metropolitan areas.
What does a Location Quotient of 0.47 mean for job seekers?
A Location Quotient of 0.47 signifies that Accountants and Auditors are less concentrated in South Central Kentucky's nonmetropolitan area than the national average. This implies that while the profession is present, it's not a dominant industry, potentially leading to fewer specialized roles but also less intense competition.
How does the cost of living impact the $69,510 salary?
With a Cost of Living Index of 100, the $69,510 salary has the same purchasing power locally as the national average salary would have nationally. This means that while the nominal pay is lower, the local expenses are also at the national average, making the salary's real value comparable.
Are there many job openings for Accountants and Auditors in this area?
The data indicates 4.44 jobs per 1,000 workers, which suggests a moderate level of demand. While not a high-volume market, there is a consistent need for these professionals, supported by the total local workforce size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the South Central Kentucky nonmetropolitan area area with a job density of 4.44 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 Central Kentucky nonmetropolitan area