Average Accountants and Auditors Salary in Southwest Alabama nonmetropolitan area
Accountants and Auditors in the Southwest Alabama nonmetropolitan area earn an average annual salary of $74,430. This figure is notably below the national average of $94,430, suggesting that regional economic factors and demand dynamics play a significant role in compensation within this specific locale. The lower average salary reflects the unique economic landscape of nonmetropolitan regions compared to larger urban centers.
Executive Summary
- Average Salary: $74,430 per year.
- Growth Trend: Salaries have shifted 6.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,820.
- Outlook: With a local workforce of 490 Accountants and Auditors, the job market in Southwest Alabama nonmetropolitan area presents a stable, albeit not booming, environment. The Location Quotient of 0.8 indicates a slightly lower concentration of these professionals compared to the national average, suggesting a moderate demand that aligns with the available workforce size. This suggests a steady need for accounting and auditing services without an overwhelming surplus or scarcity of talent.
Salary Overview
The average Accountants and Auditors in Southwest Alabama nonmetropolitan area earns-21.2%below the national average.
$35.8
$1,431
$6,203
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Accountants and Auditors over the past four years, mirroring national patterns. Economic recovery and evolving business needs typically drive incremental increases in compensation for skilled professionals, even in less concentrated markets. This suggests that while current averages may be lower than the national benchmark, the earning potential has likely seen positive movement.
Accountants and Auditors Salary Distribution in Southwest Alabama nonmetropolitan area
Career progression for Accountants and Auditors is typically marked by increasing salary levels that correspond with experience and specialization. Entry-level positions will naturally command lower salaries, while senior roles, those with specialized certifications, or management positions will see significantly higher compensation. The percentile gaps in salary distribution, though not detailed here, are a direct reflection of this career ladder, with top earners representing those who have achieved advanced expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,930 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,823 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,680 | $31.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,038 | $44.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,820 | $50.9 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,430
Gross Pay
Real Wage (Purchasing Power)
$74,430
Adjusted for COL (100)
The nominal average annual salary of $74,430 in Southwest Alabama nonmetropolitan area is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that while the take-home pay is lower than the national average for this profession, the purchasing power of that salary is equivalent to the national standard. Therefore, the financial impact of relocating here for an Accountant and Auditor role is neutral in terms of cost of living.
Job Market Context
490
Total Jobs
7.518
Per 1K Jobs
0.8
Location Quotient
Southwest Alabama nonmetropolitan area has 0.80x 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 0.8 for Accountants and Auditors in the Southwest Alabama nonmetropolitan area indicates that this profession is slightly less concentrated than the national average. This suggests that while the demand for these services exists, the market is not saturated with professionals. It implies a competitive environment where skilled individuals can find opportunities, but perhaps with less intense competition than in areas with a higher concentration of similar roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Accountants and Auditors Salary | $78,590↑ 6% | 44 mi |
| Birmingham, AL Accountants and Auditors Salary | $82,830↑ 11% | 50 mi |
| Tuscaloosa, AL Accountants and Auditors Salary | $79,080↑ 6% | 52 mi |
| Auburn-Opelika, AL Accountants and Auditors Salary | $75,130↑ 1% | 77 mi |
| Anniston-Oxford, AL Accountants and Auditors Salary | $72,050↓ 3% | 82 mi |
Comparing salaries near Southwest Alabama nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Southwest Alabama nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Southwest Alabama nonmetropolitan area is $74,430. This typically ranges from $45,930 for entry-level positions to $105,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Alabama nonmetropolitan area is 21.2% lower than the national median of $94,430.
Is Southwest Alabama nonmetropolitan area a lucrative place for Accountants and Auditors?
No, not compared to the national average.The average salary of $74,430 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 Southwest Alabama nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Southwest Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($78,590) and Birmingham, AL.
How does the local workforce size affect job prospects for Accountants and Auditors in Southwest Alabama?
A local workforce of 490 suggests a stable market. While not indicative of rapid growth, it implies consistent demand for accounting and auditing services within the region.
What does a Location Quotient of 0.8 mean for Accountants and Auditors in this area?
A Location Quotient of 0.8 means the concentration of Accountants and Auditors is slightly below the national average. This could indicate fewer job openings compared to national averages, but also potentially less competition for available roles.
Is the cost of living in Southwest Alabama nonmetropolitan area high?
No, the Cost of Living Index is 100, which is exactly the national average. This means the general cost of goods and services is neither significantly higher nor lower than the rest of the country.
How does experience impact an Accountant's salary in Southwest Alabama?
While specific data isn't provided, experience typically leads to higher salaries. Entry-level positions will earn less, while senior or specialized roles will command higher compensation, reflecting increased responsibility and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Southwest Alabama nonmetropolitan area area with a job density of 7.518 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Accountants and Auditors Salaries by State
Top Jobs in Southwest Alabama nonmetropolitan area
- All Occupations Salary in Southwest Alabama nonmetropolitan area
- Production Occupations Salary in Southwest Alabama nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Southwest Alabama nonmetropolitan area
- Office and Administrative Support Occupations Salary in Southwest Alabama nonmetropolitan area
- Sales and Related Occupations Salary in Southwest Alabama nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Southwest Alabama nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Southwest Alabama nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in Southwest Alabama nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Southwest Alabama nonmetropolitan area
- Management Occupations Salary in Southwest Alabama nonmetropolitan area
- Browse All Jobs in Southwest Alabama nonmetropolitan area →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Southwest Alabama nonmetropolitan area