Average Accountants and Auditors Salary in Southern Michigan nonmetropolitan area
Accountants and Auditors in Southern Michigan's nonmetropolitan areas can expect an average annual salary of $78,000. This figure is notably below the national average of $94,430, reflecting regional economic factors and potentially a different industry mix compared to major metropolitan hubs. The compensation in this area is shaped by local demand, the cost of doing business, and the availability of specialized accounting services.
Executive Summary
- Average Salary: $78,000 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,450.
- Outlook: The job market for Accountants and Auditors in Southern Michigan's nonmetropolitan area appears stable, with a local workforce of 1,230 professionals. The Location Quotient of 0.98 suggests a concentration of these roles that is very close to the national average, indicating a consistent demand for accounting services within the region. With 9.209 jobs per 1,000 workers, the presence of these professionals is well-integrated into the local economy.
Salary Overview
The average Accountants and Auditors in Southern Michigan nonmetropolitan area earns-17.4%below the national average.
$37.5
$1,500
$6,500
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area isn't provided, it's reasonable to assume that salaries for Accountants and Auditors in Southern Michigan have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and increasing demand for financial expertise likely contribute to a steady upward trajectory in compensation, even in nonmetropolitan settings.
Accountants and Auditors Salary Distribution in Southern Michigan nonmetropolitan area
Career progression for Accountants and Auditors in Southern Michigan nonmetropolitan areas typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well above the average. The widening gap between entry-level and senior-level salaries serves as a clear indicator of career advancement opportunities and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,840 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,500 | $28.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,160 | $35.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,500 | $46.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,450 | $56.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$78,000
Gross Pay
Real Wage (Purchasing Power)
$78,000
Adjusted for COL (100)
The average annual salary of $78,000 in Southern Michigan's nonmetropolitan area aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of an accountant's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers a comparable lifestyle to that of accountants in higher-cost national average areas.
Job Market Context
1,230
Total Jobs
9.209
Per 1K Jobs
0.98
Location Quotient
Southern Michigan nonmetropolitan area has 0.98x 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.
With a Location Quotient of 0.98, the job market for Accountants and Auditors in Southern Michigan's nonmetropolitan area is nearly on par with the national average in terms of concentration. This indicates a healthy and stable demand for these professionals, without an oversupply or significant undersupply. The market is competitive but accessible, suggesting that qualified individuals can find opportunities without facing extreme competition or scarcity.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Accountants and Auditors Salary | $97,350↑ 25% | 26 mi |
| Saginaw, MI Accountants and Auditors Salary | $79,490↑ 2% | 30 mi |
| Bay City, MI Accountants and Auditors Salary | $74,830↓ 4% | 37 mi |
| Lansing-East Lansing, MI Accountants and Auditors Salary | $80,770↑ 4% | 42 mi |
| Flint, MI Accountants and Auditors Salary | $74,970↓ 4% | 47 mi |
Comparing salaries near Southern Michigan nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in Southern Michigan nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Southern Michigan nonmetropolitan area is $78,000. This typically ranges from $47,840 for entry-level positions to $118,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Michigan nonmetropolitan area is 17.4% lower than the national median of $94,430.
Is Southern Michigan nonmetropolitan area a lucrative place for Accountants and Auditors?
No, not when compared to the national average salary.While the average salary of $78,000 is competitive locally, it falls short of the national average of $94,430. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Southern Michigan nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Southern Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Michigan nonmetropolitan area?
Some top paying nearby cities include Midland, MI ($97,350) and Saginaw, MI.
How does the local workforce size impact job availability for Accountants and Auditors?
A local workforce of 1,230 indicates a substantial presence of accounting professionals, suggesting a mature market where demand is consistent but potentially competitive for new entrants.
What does a Location Quotient of 0.98 signify for Accountants and Auditors in this region?
A Location Quotient of 0.98 means the concentration of Accountants and Auditors in Southern Michigan's nonmetropolitan area is very close to the national average, implying a balanced job market.
How does the Cost of Living Index of 100 affect the $78,000 salary?
A Cost of Living Index of 100 signifies that the $78,000 salary has the same purchasing power as the national average salary in a national average cost of living area.
Are there significant salary differences based on experience for Accountants and Auditors in this area?
Yes, experience is a key driver of salary for Accountants and Auditors, with senior roles commanding significantly higher compensation than entry-level positions, reflecting career growth.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,230 employees in the Southern Michigan nonmetropolitan area area with a job density of 9.209 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 Michigan nonmetropolitan area