Average Accountants and Auditors Salary in South Illinois nonmetropolitan area
Accountants and Auditors in South Illinois nonmetropolitan areas earn an average annual salary of $70,190. This figure is notably lower than the national average of $94,430. The disparity in compensation is largely influenced by the economic landscape and demand specific to nonmetropolitan regions, which often feature different industry concentrations and cost structures.
Executive Summary
- Average Salary: $70,190 per year.
- Growth Trend: Salaries have shifted 21.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,700.
- Outlook: With a local workforce of 650 Accountants and Auditors, the job market in South Illinois nonmetropolitan areas presents a stable, albeit less concentrated, employment base. The Location Quotient of 0.5 indicates that this profession is less prevalent here compared to the national average, suggesting a moderate but consistent demand for skilled professionals within the region's specific economic context.
Salary Overview
The average Accountants and Auditors in South Illinois nonmetropolitan area earns-25.7%below the national average.
$33.8
$1,350
$5,849
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this precise region is not provided, it is reasonable to assume that salaries for Accountants and Auditors in nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the need to attract and retain talent in specialized fields.
Accountants and Auditors Salary Distribution in South Illinois nonmetropolitan area
Career progression for Accountants and Auditors in South Illinois nonmetropolitan areas is typically marked by increasing compensation. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. These percentile gaps clearly signify the career trajectory and earning potential as one advances through various levels of responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,750 | $21 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,643 | $25.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,120 | $31.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,738 | $42.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $98,700 | $47.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$70,190
Gross Pay
Real Wage (Purchasing Power)
$70,190
Adjusted for COL (100)
The nominal average salary of $70,190 in South Illinois nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This suggests that, on average, the purchasing power of an Accountant's salary in this region is comparable to that of their counterparts in the nation as a whole, offering a balanced lifestyle relative to expenses.
Job Market Context
650
Total Jobs
4.664
Per 1K Jobs
0.5
Location Quotient
South Illinois nonmetropolitan area has 0.50x 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 0.5 for Accountants and Auditors in South Illinois nonmetropolitan areas indicates that the concentration of these professionals is half that of the national average. This suggests a less saturated job market, potentially offering more opportunities for individuals seeking employment or career advancement without intense competition from a large pool of similarly qualified candidates.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Accountants and Auditors Salary | $80,040↑ 14% | 9 mi |
| Decatur, IL Accountants and Auditors Salary | $87,470↑ 25% | 34 mi |
| Champaign-Urbana, IL Accountants and Auditors Salary | $70,530↑ 0% | 41 mi |
| Peoria, IL Accountants and Auditors Salary | $79,030↑ 13% | 43 mi |
| Springfield, IL Accountants and Auditors Salary | $88,730↑ 26% | 53 mi |
Comparing salaries near South Illinois nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in South Illinois nonmetropolitan area?
The median annual salary for a Accountants and Auditors in South Illinois nonmetropolitan area is $70,190. This typically ranges from $43,750 for entry-level positions to $98,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Illinois nonmetropolitan area is 25.7% lower than the national median of $94,430.
Is South Illinois nonmetropolitan area a lucrative place for Accountants and Auditors?
No, it is not considered lucrative compared to national averages.The average salary of $70,190 is significantly lower than the national average of $94,430. While the cost of living is average, the compensation does not reflect the higher earning potential seen in more concentrated or metropolitan areas.
Is South Illinois nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in South Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($80,040) and Decatur, IL.
How does the cost of living in South Illinois nonmetropolitan areas compare nationally?
The Cost of Living Index for South Illinois nonmetropolitan areas is 100, which is exactly the national average. This means that, on average, the cost of goods and services is neither higher nor lower than the typical U.S. location.
What is the concentration of Accountants and Auditors in this region?
The concentration, measured by the Location Quotient, is 0.5. This signifies that Accountants and Auditors are employed at half the rate in this region compared to the national average.
How many Accountants and Auditors work in South Illinois nonmetropolitan areas?
There are approximately 650 Accountants and Auditors employed within the South Illinois nonmetropolitan area workforce.
What is the job density for Accountants and Auditors in this region?
For every 1,000 workers in South Illinois nonmetropolitan areas, there are approximately 4.664 jobs for Accountants and Auditors, indicating a moderate presence in the overall employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the South Illinois nonmetropolitan area area with a job density of 4.664 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 Illinois nonmetropolitan area