Average Accountants and Auditors Salary in Southwest Maine nonmetropolitan area
Accountants and Auditors in Southwest Maine nonmetropolitan area earn an average annual salary of $75,760. This figure is notably below the national average of $94,430, reflecting the unique economic dynamics and potentially lower demand for specialized financial roles in nonmetropolitan regions. The specific pay scales in this area are influenced by local industry needs and the overall economic landscape of rural Maine.
Executive Summary
- Average Salary: $75,760 per year.
- Growth Trend: Salaries have shifted 24.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,480.
- Outlook: The job market for Accountants and Auditors in Southwest Maine nonmetropolitan area, with a total workforce of 740 professionals, indicates a stable but not exceptionally concentrated demand. The Location Quotient of 0.55 suggests that this profession is less prevalent here than the national average, implying a moderate job market size relative to other occupations within the region.
Salary Overview
The average Accountants and Auditors in Southwest Maine nonmetropolitan area earns-19.8%below the national average.
$36.4
$1,457
$6,313
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Southwest Maine nonmetropolitan area is not provided, it is generally assumed that salaries for Accountants and Auditors nationwide have experienced steady growth over the past four years, driven by increasing regulatory complexity and the ongoing need for financial expertise across all sectors. This trend likely extends to this region, albeit potentially at a more moderate pace.
Accountants and Auditors Salary Distribution in Southwest Maine nonmetropolitan area
Salary progression for Accountants and Auditors typically follows a clear path from entry-level to senior positions. Junior roles might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles. The widening gap between entry-level and senior salaries signifies substantial career growth and increased earning potential with accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,860 | $24.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,820 | $27.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,080 | $31.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,700 | $45.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,480 | $52.2 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$75,760
Gross Pay
Real Wage (Purchasing Power)
$75,760
Adjusted for COL (100)
The average annual salary of $75,760 in Southwest Maine nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of an Accountant's salary in this region is equivalent to the national average, suggesting that while nominal earnings are lower, the cost of essential goods and services remains comparable.
Job Market Context
740
Total Jobs
5.21
Per 1K Jobs
0.55
Location Quotient
Southwest Maine nonmetropolitan area has 0.55x 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 0.55, Accountants and Auditors are less concentrated in Southwest Maine nonmetropolitan area compared to the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for skilled professionals relative to the number of available positions, though overall demand is lower than in more metropolitan areas.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Accountants and Auditors Salary | $82,260↑ 9% | 31 mi |
| Lewiston-Auburn, ME Accountants and Auditors Salary | $82,430↑ 9% | 57 mi |
| Portland-South Portland, ME Accountants and Auditors Salary | $90,730↑ 20% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Southwest Maine nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Southwest Maine nonmetropolitan area is $75,760. This typically ranges from $50,860 for entry-level positions to $108,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 19.8% lower than the national median of $94,430.
Is Southwest Maine nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not compared to the national average.The average salary of $75,760 is significantly lower than the national average of $94,430, indicating less lucrative earning potential in this specific region.
Is Southwest Maine nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($82,260) and Lewiston-Auburn, ME.
How does the cost of living in Southwest Maine nonmetropolitan area compare nationally?
The Cost of Living Index for Southwest Maine nonmetropolitan area is 100, which is exactly the national average. This means that the general 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 Location Quotient of 0.55 indicates that Accountants and Auditors are less concentrated in Southwest Maine nonmetropolitan area than the national average, suggesting a smaller professional community relative to the overall workforce.
How many Accountants and Auditors work in Southwest Maine nonmetropolitan area?
There are approximately 740 Accountants and Auditors employed in the Southwest Maine nonmetropolitan area, representing 5.21 jobs per 1,000 workers in the region.
Does experience significantly impact an Accountant's salary in this area?
Yes, experience plays a crucial role. Entry-level positions typically command lower salaries, while senior Accountants and Auditors with extensive experience and specialized skills can earn considerably more, reflecting the typical career progression and salary scaling.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 740 employees in the Southwest Maine nonmetropolitan area area with a job density of 5.21 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 Southwest Maine nonmetropolitan area