Average Accountants and Auditors Salary in Spartanburg, SC
Accountants and Auditors in Spartanburg, SC earn an average annual salary of $80,100. This figure is notably below the national average of $94,430, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within the region.
Executive Summary
- Average Salary: $80,100 per year.
- Growth Trend: Salaries have shifted 9.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,780.
- Outlook: With a local workforce of 770 Accountants and Auditors and a Location Quotient of 0.5, Spartanburg exhibits a concentration of these professionals that is half the national average. This indicates a less saturated market compared to national benchmarks, potentially offering opportunities for skilled individuals, though the overall demand may be moderate.
Salary Overview
The average Accountants and Auditors in Spartanburg, SC earns-15.2%below the national average.
$38.5
$1,540
$6,675
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the accounting and auditing profession has experienced steady salary growth over the past four years, driven by evolving regulatory landscapes and increasing business complexity. This trend likely extends to Spartanburg, SC, with nominal salaries gradually increasing to reflect inflation and demand.
Accountants and Auditors Salary Distribution in Spartanburg, SC
Salary progression for Accountants and Auditors in Spartanburg, SC, typically scales with experience. Entry-level positions may start significantly lower than the average, while senior roles and specialized positions can command salaries well above $80,100. The percentile gaps between these levels signify clear career advancement pathways within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,500 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,075 | $28.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,650 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,125 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,780 | $59 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$80,100
Gross Pay
Real Wage (Purchasing Power)
$80,100
Adjusted for COL (100)
The average annual salary of $80,100 in Spartanburg, SC, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's or Auditor's salary in Spartanburg is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
770
Total Jobs
4.692
Per 1K Jobs
0.5
Location Quotient
Spartanburg, SC has 0.50x 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.
A Location Quotient of 0.5 for Accountants and Auditors in Spartanburg, SC, indicates that this profession is less concentrated locally than the national average. This suggests that while there is a presence of these roles, the market is not as saturated, potentially leading to a more competitive environment for employers seeking talent, but also potentially fewer specialized roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Accountants and Auditors Salary | $85,100↑ 6% | 26 mi |
| Asheville, NC Accountants and Auditors Salary | $84,390↑ 5% | 56 mi |
| Charlotte-Concord-Gastonia, NC-SC Accountants and Auditors Salary | $98,030↑ 22% | 64 mi |
| Hickory-Lenoir-Morganton, NC Accountants and Auditors Salary | $86,780↑ 8% | 65 mi |
| Columbia, SC Accountants and Auditors Salary | $72,610↓ 9% | 85 mi |
Comparing salaries near Spartanburg, SC
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Spartanburg, SC?
The median annual salary for a Accountants and Auditors in Spartanburg, SC is $80,100. This typically ranges from $44,500 for entry-level positions to $122,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spartanburg, SC is 15.2% lower than the national median of $94,430.
Is Spartanburg, SC a lucrative place for Accountants and Auditorss?
No, not exceptionally lucrative compared to the national average.While the average salary of $80,100 is substantial, it falls below the national average of $94,430. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Spartanburg, SC a good place to live for Accountants and Auditors?
The Cost of Living Index in Spartanburg, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spartanburg, SC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($85,100) and Asheville, NC.
How does Spartanburg's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Spartanburg, SC is $80,100, which is approximately 15% lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Spartanburg, SC?
The concentration, measured by the Location Quotient, is 0.5, meaning the proportion of Accountants and Auditors in Spartanburg is half of what it is nationally.
How does the Cost of Living affect the salary in Spartanburg?
With a Cost of Living Index of 100, Spartanburg is at the national average. Therefore, the $80,100 salary offers a purchasing power equivalent to the national average.
What does a Location Quotient of 0.5 imply for job seekers?
A Location Quotient of 0.5 suggests that the market for Accountants and Auditors is less dense in Spartanburg compared to the rest of the country, which could mean fewer specialized opportunities but potentially less competition for general roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 770 employees in the Spartanburg, SC area with a job density of 4.692 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 Spartanburg, SC