Average Accountants and Auditors Salary in Southwest Virginia nonmetropolitan area
Accountants and Auditors in the Southwest Virginia nonmetropolitan area earn an average annual salary of $80,240. This figure is notably below the national average of $94,430, a disparity often influenced by regional economic factors and the specific demand for specialized financial expertise in nonmetropolitan settings. The localized economic landscape and industry concentration play a significant role in shaping compensation levels for these vital financial professionals.
Executive Summary
- Average Salary: $80,240 per year.
- Growth Trend: Salaries have shifted 36.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,780.
- Outlook: The job market for Accountants and Auditors in Southwest Virginia's nonmetropolitan area, with a total local workforce of 660, indicates a stable presence. The Location Quotient of 0.6 suggests that while the profession is present, it is less concentrated than the national average, implying a moderate but consistent demand rather than an oversaturated market. The number of jobs per 1,000 workers, at 5.626, further supports the notion of a steady employment environment for financial professionals in this region.
Salary Overview
The average Accountants and Auditors in Southwest Virginia nonmetropolitan area earns-15.0%below the national average.
$38.6
$1,543
$6,687
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in Southwest Virginia have experienced gradual growth over the past four years, mirroring national trends. Economic development initiatives and the increasing complexity of financial regulations likely contribute to a steady upward trajectory in compensation, even if the pace differs from more metropolitan areas.
Accountants and Auditors Salary Distribution in Southwest Virginia nonmetropolitan area
Career progression for Accountants and Auditors typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies robust career advancement opportunities and the increasing value placed on expertise and leadership within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,400 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,180 | $28.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,280 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,300 | $48.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,780 | $60.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,240
Gross Pay
Real Wage (Purchasing Power)
$80,240
Adjusted for COL (100)
The nominal average salary of $80,240 in Southwest Virginia's nonmetropolitan area aligns precisely with the national average cost of living index of 100. 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 average, offering a balanced financial outlook for residents.
Job Market Context
660
Total Jobs
5.626
Per 1K Jobs
0.6
Location Quotient
Southwest Virginia nonmetropolitan area has 0.60x 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 0.6, the market for Accountants and Auditors in Southwest Virginia's nonmetropolitan area is less concentrated than the national average. This suggests that while there is a consistent need for these professionals, the competition may be less intense compared to highly concentrated urban centers, potentially offering more direct opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Accountants and Auditors Salary | $88,200↑ 10% | 25 mi |
| Richmond, VA Accountants and Auditors Salary | $88,120↑ 10% | 41 mi |
| Staunton-Stuarts Draft, VA Accountants and Auditors Salary | $78,140↓ 3% | 56 mi |
| Harrisonburg, VA Accountants and Auditors Salary | $80,620↑ 0% | 60 mi |
| Lynchburg, VA Accountants and Auditors Salary | $81,050↑ 1% | 61 mi |
Comparing salaries near Southwest Virginia nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Southwest Virginia nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Southwest Virginia nonmetropolitan area is $80,240. This typically ranges from $48,400 for entry-level positions to $125,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Virginia nonmetropolitan area is 15.0% lower than the national median of $94,430.
Is Southwest Virginia nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not compared to the national average.The average salary of $80,240 is below the national average of $94,430, although the cost of living is at the national average.
Is Southwest Virginia nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Southwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($88,200) and Richmond, VA.
How does the cost of living in Southwest Virginia affect Accountant salaries?
The cost of living index is 100, meaning it's the national average. Therefore, the $80,240 salary has the same purchasing power as the national average salary, despite being lower in nominal terms.
What is the concentration of Accountants and Auditors in this region?
The Location Quotient of 0.6 indicates that Accountants and Auditors are less concentrated in this nonmetropolitan area compared to the national average.
How many Accountants and Auditors are employed in Southwest Virginia nonmetropolitan area?
There are approximately 660 Accountants and Auditors employed in the Southwest Virginia nonmetropolitan area.
Are there many job openings for Accountants and Auditors in this region?
With 5.626 jobs per 1,000 workers and a Location Quotient below 1.0, the demand is steady but not exceptionally high, suggesting a stable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 660 employees in the Southwest Virginia nonmetropolitan area area with a job density of 5.626 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 Virginia nonmetropolitan area