Average Accountants and Auditors Salary in Southern Indiana nonmetropolitan area
Accountants and Auditors in Southern Indiana's nonmetropolitan area earn an average annual salary of $74,030. This figure is notably below the national average of $94,430, reflecting the economic dynamics and specific industry demands prevalent in nonmetropolitan regions. Factors such as local business scale and the concentration of financial services firms often influence compensation levels in these areas.
Executive Summary
- Average Salary: $74,030 per year.
- Growth Trend: Salaries have shifted 16.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,730.
- Outlook: With a local workforce of 1,040 Accountants and Auditors, the job market in Southern Indiana's nonmetropolitan area presents a stable, albeit less concentrated, landscape. The Location Quotient of 0.56 indicates that this profession is less prevalent here compared to the national average, suggesting a moderate demand that aligns with the size of the existing workforce.
Salary Overview
The average Accountants and Auditors in Southern Indiana nonmetropolitan area earns-21.6%below the national average.
$35.6
$1,424
$6,169
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Accountants and Auditors across most regions, including Southern Indiana's nonmetropolitan areas, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Southern Indiana nonmetropolitan area
Career progression for Accountants and Auditors in Southern Indiana's nonmetropolitan area typically involves salary increases with experience. Entry-level positions may start at lower percentiles, while senior roles and specialized expertise command higher salaries, reflecting the greater responsibility and skill set required. The variance in pay across different experience levels signifies clear opportunities for career advancement within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,200 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,523 | $26.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,060 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,538 | $44.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,730 | $52.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,030
Gross Pay
Real Wage (Purchasing Power)
$74,030
Adjusted for COL (100)
The nominal average annual salary of $74,030 in Southern Indiana's nonmetropolitan area is directly comparable to the national Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in this region is, on average, equivalent to the national standard, indicating that the lower nominal wage is offset by a comparable cost of living.
Job Market Context
1,040
Total Jobs
5.268
Per 1K Jobs
0.56
Location Quotient
Southern Indiana nonmetropolitan area has 0.56x 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 0.56 for Accountants and Auditors in Southern Indiana's nonmetropolitan area suggests that the job market is less concentrated than the national average. This implies that while opportunities exist, the field is not as saturated, potentially offering a more accessible entry point for new professionals or those seeking a less competitive environment compared to major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Accountants and Auditors Salary | $86,150↑ 16% | 8 mi |
| Kokomo, IN Accountants and Auditors Salary | $81,900↑ 11% | 43 mi |
| Columbus, IN Accountants and Auditors Salary | $83,910↑ 13% | 48 mi |
| Bloomington, IN Accountants and Auditors Salary | $79,420↑ 7% | 49 mi |
| Lafayette-West Lafayette, IN Accountants and Auditors Salary | $84,610↑ 14% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Southern Indiana nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Southern Indiana nonmetropolitan area is $74,030. This typically ranges from $43,200 for entry-level positions to $108,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 21.6% lower than the national median of $94,430.
Is Southern Indiana nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not as lucrative as the national average.The average salary of $74,030 is significantly lower than the national average of $94,430. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Southern Indiana nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($86,150) and Kokomo, IN.
What is the total number of Accountants and Auditors in Southern Indiana's nonmetropolitan area?
There are approximately 1,040 Accountants and Auditors employed in this specific region.
How does the concentration of Accountants and Auditors in this region compare nationally?
The Location Quotient of 0.56 indicates that Accountants and Auditors are less concentrated in this nonmetropolitan area compared to the national average.
What does a Cost of Living Index of 100 mean for this region?
A Cost of Living Index of 100 signifies that the overall cost of goods and services in Southern Indiana's nonmetropolitan area is on par with the national average.
Are there many job openings for Accountants and Auditors in this area?
With 5.268 jobs per 1,000 workers and a Location Quotient below 1.0, the job market is stable but not exceptionally dense, suggesting moderate opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,040 employees in the Southern Indiana nonmetropolitan area area with a job density of 5.268 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 Southern Indiana nonmetropolitan area