Average Accountants and Auditors Salary in South Central Tennessee nonmetropolitan area
Accountants and Auditors in the South Central Tennessee nonmetropolitan area earn an average annual salary of $77,670. This figure is notably below the national average of $94,430, reflecting regional economic factors and a less concentrated demand for these specialized financial roles. The lower average salary is often a consequence of the specific economic landscape and industry mix prevalent in nonmetropolitan regions.
Executive Summary
- Average Salary: $77,670 per year.
- Growth Trend: Salaries have shifted 22.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,140.
- Outlook: With a local workforce of 560 Accountants and Auditors, the job market in South Central Tennessee presents a modest opportunity. The Location Quotient of 0.53 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially less competitive but also less robust demand for these professionals. While the absolute number of jobs is not exceptionally high, the presence of a dedicated workforce signifies ongoing, albeit specialized, employment opportunities.
Salary Overview
The average Accountants and Auditors in South Central Tennessee nonmetropolitan area earns-17.7%below the national average.
$37.3
$1,494
$6,473
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Accountants and Auditors across the United States, including in regions like South Central Tennessee, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations, which would likely translate to modest salary increases in this locale as well.
Accountants and Auditors Salary Distribution in South Central Tennessee nonmetropolitan area
Career progression for Accountants and Auditors in South Central Tennessee nonmetropolitan area typically involves a significant salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior accountants and auditors with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential as professionals develop their expertise and take on more responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,640 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,253 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,750 | $33.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,088 | $46.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,140 | $60.6 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$77,670
Gross Pay
Real Wage (Purchasing Power)
$77,670
Adjusted for COL (100)
The average annual salary of $77,670 in South Central Tennessee nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay offers a comparable standard of living to many other areas.
Job Market Context
560
Total Jobs
4.981
Per 1K Jobs
0.53
Location Quotient
South Central Tennessee nonmetropolitan area has 0.53x 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 0.53 for Accountants and Auditors in South Central Tennessee nonmetropolitan area indicates that this profession is less concentrated than the national average. This suggests that the job market may be less saturated with professionals, potentially offering a unique advantage for skilled individuals seeking employment. However, it also implies that the overall demand might be lower compared to more metropolitan areas where the concentration of financial services is typically higher.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Accountants and Auditors Salary | $86,870↑ 12% | 29 mi |
| Clarksville, TN-KY Accountants and Auditors Salary | $73,640↓ 5% | 67 mi |
| Huntsville, AL Accountants and Auditors Salary | $85,400↑ 10% | 73 mi |
| Decatur, AL Accountants and Auditors Salary | $75,730↓ 2% | 83 mi |
| Florence-Muscle Shoals, AL Accountants and Auditors Salary | $71,890↓ 7% | 84 mi |
Comparing salaries near South Central Tennessee nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in South Central Tennessee nonmetropolitan area?
The median annual salary for a Accountants and Auditors in South Central Tennessee nonmetropolitan area is $77,670. This typically ranges from $44,640 for entry-level positions to $126,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Tennessee nonmetropolitan area is 17.7% lower than the national median of $94,430.
Is South Central Tennessee nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered a lucrative place compared to the national average.The average salary of $77,670 is significantly lower than the national average of $94,430, despite an average cost of living.
Is South Central Tennessee nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in South Central Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($86,870) and Clarksville, TN-KY.
How does the local salary compare to the national average?
The average annual salary for Accountants and Auditors in South Central Tennessee nonmetropolitan area is $77,670, which is considerably lower than the national average of $94,430.
What is the Cost of Living in South Central Tennessee nonmetropolitan area?
The Cost of Living Index for this region is 100, which is exactly the national average, indicating that the cost of goods and services is comparable to the rest of the country.
How concentrated is the job market for Accountants and Auditors in this area?
The Location Quotient of 0.53 suggests that Accountants and Auditors are less concentrated in this nonmetropolitan area compared to the national average, implying a less competitive but potentially smaller job market.
What is the total workforce size for Accountants and Auditors locally?
There are approximately 560 Accountants and Auditors employed within the South Central Tennessee nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the South Central Tennessee nonmetropolitan area area with a job density of 4.981 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 Tennessee nonmetropolitan area