Average Accountants and Auditors Salary in Springfield, MA
Accountants and Auditors in Springfield, MA, earn an average annual salary of $91,630. This figure is slightly below the national average of $94,430, indicating localized market dynamics and regional economic factors influence compensation in this Massachusetts city. The specific demand and supply within Springfield's job market contribute to this pay scale.
Executive Summary
- Average Salary: $91,630 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,140.
- Outlook: Springfield, MA supports a robust workforce of approximately 1,700 Accountants and Auditors. With a Location Quotient of 0.91, the concentration of these professionals is nearly on par with the national average, suggesting a stable and consistent demand for their services within the local economy. The presence of 8.533 jobs per 1,000 workers further underscores the steady employment opportunities available.
Salary Overview
The average Accountants and Auditors in Springfield, MA earns-3.0%below the national average.
$44.1
$1,762
$7,636
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Accountants and Auditors in Springfield, MA, have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving regulatory landscapes, and increasing demand for financial expertise typically drive upward salary adjustments for these essential roles.
Accountants and Auditors Salary Distribution in Springfield, MA
Salary progression for Accountants and Auditors in Springfield, MA, is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the pay scale, while senior roles, those with specialized certifications, or management positions can significantly increase earnings. The widening gap between the 25th and 75th percentile salaries clearly signifies the substantial career advancement and earning potential available with increased expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,690 | $29.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,723 | $33 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,750 | $39.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,538 | $55.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,140 | $63 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$91,630
Gross Pay
Real Wage (Purchasing Power)
$91,630
Adjusted for COL (100)
The average annual salary of $91,630 in Springfield, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant's or Auditor's salary in Springfield is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
1,700
Total Jobs
8.533
Per 1K Jobs
0.91
Location Quotient
Springfield, MA has 0.91x 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 0.91, Springfield, MA, presents a job market for Accountants and Auditors that is closely aligned with the national average in terms of professional concentration. This suggests a competitive yet accessible market, where the number of professionals is proportionate to the demand, offering a balanced landscape for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Accountants and Auditors Salary | $88,830↓ 3% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Accountants and Auditors Salary | $93,810↑ 2% | 25 mi |
| Connecticut nonmetropolitan area Accountants and Auditors Salary | $86,300↓ 6% | 37 mi |
| Worcester, MA Accountants and Auditors Salary | $95,370↑ 4% | 39 mi |
| Pittsfield, MA Accountants and Auditors Salary | $91,940↑ 0% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Springfield, MA?
The median annual salary for a Accountants and Auditors in Springfield, MA is $91,630. This typically ranges from $60,690 for entry-level positions to $131,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 3.0% lower than the national median of $94,430.
Is Springfield, MA a lucrative place for Accountants and Auditors?
Yes, Springfield, MA offers a competitive salary for Accountants and Auditors.The average salary of $91,630 is strong, and with a Cost of Living Index at the national average (100), the purchasing power is equivalent to the national standard.
Is Springfield, MA a good place to live for Accountants and Auditors?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($88,830) and Hartford-West Hartford-East Hartford, CT.
How does Springfield's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Springfield, MA, is $91,630, which is slightly below the national average of $94,430.
What is the concentration of Accountants and Auditors in Springfield, MA?
Springfield, MA has a Location Quotient of 0.91 for Accountants and Auditors, indicating a concentration very close to the national average.
How does the Cost of Living in Springfield, MA affect salary perception?
The Cost of Living Index in Springfield, MA is 100, which is the national average. This means the $91,630 salary provides purchasing power equivalent to the national average.
What does the job market look like for Accountants and Auditors in Springfield, MA?
The market is stable, with 1,700 professionals and 8.533 jobs per 1,000 workers, suggesting consistent demand and employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,700 employees in the Springfield, MA area with a job density of 8.533 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 Springfield, MA