Average Accountants and Auditors Salary in Southside Virginia nonmetropolitan area
Accountants and Auditors in the Southside Virginia nonmetropolitan area earn an average annual salary of $77,120. This figure is notably below the national average of $94,430, reflecting regional economic factors and demand specific to this nonmetropolitan locale. The compensation structure in this area is influenced by the local job market dynamics and the overall economic output of the region.
Executive Summary
- Average Salary: $77,120 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,210.
- Outlook: With a local workforce of 690 Accountants and Auditors, the job market in Southside Virginia presents a stable, albeit specialized, environment. The Location Quotient of 0.71 suggests a slightly lower concentration of these professionals compared to the national average, indicating a moderate demand that aligns with the workforce size. This suggests a consistent need for accounting services within the region.
Salary Overview
The average Accountants and Auditors in Southside Virginia nonmetropolitan area earns-18.3%below the national average.
$37.1
$1,483
$6,427
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 nation have experienced steady growth over the past four years, driven by inflation and increasing demand for financial expertise. This trend likely extends to Southside Virginia, with incremental salary adjustments reflecting local economic conditions and the evolving needs of businesses in the area.
Accountants and Auditors Salary Distribution in Southside Virginia nonmetropolitan area
Career progression for Accountants and Auditors in Southside Virginia typically correlates with increased earning potential. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior roles, requiring extensive experience and specialized skills, will see significantly higher compensation. The gap between the 25th and 75th percentile salaries often signifies the opportunities for advancement and the rewards associated with gaining expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,030 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,840 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,460 | $34.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,400 | $46.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,210 | $55.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$77,120
Gross Pay
Real Wage (Purchasing Power)
$77,120
Adjusted for COL (100)
The average annual salary of $77,120 in Southside Virginia 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 standard of living to that found in higher-cost metropolitan areas.
Job Market Context
690
Total Jobs
6.671
Per 1K Jobs
0.71
Location Quotient
Southside Virginia nonmetropolitan area has 0.71x 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 0.71 for Accountants and Auditors in Southside Virginia indicates that this profession is slightly less concentrated than the national average. This suggests that while there is a steady presence of these professionals, the market is not oversaturated. For individuals seeking employment, this could imply a competitive but accessible job market where specialized skills might be particularly valued.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Accountants and Auditors Salary | $88,200↑ 14% | 25 mi |
| Richmond, VA Accountants and Auditors Salary | $88,120↑ 14% | 41 mi |
| Staunton-Stuarts Draft, VA Accountants and Auditors Salary | $78,140↑ 1% | 56 mi |
| Harrisonburg, VA Accountants and Auditors Salary | $80,620↑ 5% | 60 mi |
| Lynchburg, VA Accountants and Auditors Salary | $81,050↑ 5% | 61 mi |
Comparing salaries near Southside Virginia nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Southside Virginia nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Southside Virginia nonmetropolitan area is $77,120. This typically ranges from $47,030 for entry-level positions to $116,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southside Virginia nonmetropolitan area is 18.3% lower than the national median of $94,430.
Is Southside Virginia nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not compared to the national average.The average salary of $77,120 is significantly lower than the national average of $94,430. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Southside Virginia nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Southside Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southside Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($88,200) and Richmond, VA.
What is the total number of Accountants and Auditors in Southside Virginia?
There are approximately 690 Accountants and Auditors employed in the Southside Virginia nonmetropolitan area.
How does the concentration of Accountants and Auditors in Southside Virginia compare to the national average?
The Location Quotient of 0.71 indicates that Accountants and Auditors are slightly less concentrated in Southside Virginia compared to the national average.
What is the cost of living in Southside Virginia compared to the rest of the country?
The cost of living in Southside Virginia is exactly at the national average, with an index of 100.
How many jobs per 1,000 workers are available for Accountants and Auditors in this region?
There are approximately 6.671 jobs per 1,000 workers for Accountants and Auditors in the Southside Virginia 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 690 employees in the Southside Virginia nonmetropolitan area area with a job density of 6.671 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 Southside Virginia nonmetropolitan area