Average Accountants and Auditors Salary in Springfield, OH
Accountants and Auditors in Springfield, OH, earn an average annual salary of $74,850. This figure is notably below the national average of $94,430, reflecting localized economic factors and demand within the Ohio region. While the national average may be higher, local market dynamics and the specific needs of businesses in Springfield directly influence compensation levels for these essential financial professionals.
Executive Summary
- Average Salary: $74,850 per year.
- Growth Trend: Salaries have shifted 7.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,030.
- Outlook: The job market for Accountants and Auditors in Springfield, OH, appears stable, with a total local workforce of 260 professionals. The Location Quotient of 0.6 indicates that this profession is less concentrated in Springfield compared to the national average, suggesting a moderate but consistent demand. With 5.594 jobs per 1,000 workers, the presence of these roles signifies ongoing opportunities within the local economy.
Salary Overview
The average Accountants and Auditors in Springfield, OH earns-20.7%below the national average.
$36
$1,439
$6,238
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 Springfield, OH, have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial expertise typically drive upward salary adjustments. Professionals in this field can anticipate a gradual increase in earning potential as the market evolves.
Accountants and Auditors Salary Distribution in Springfield, OH
Career progression for Accountants and Auditors in Springfield, OH, is typically marked by increasing salary benchmarks. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect significantly higher compensation. The gap between entry-level and senior-level salaries serves as a clear indicator of the career growth and earning potential available within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,380 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,138 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,050 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,563 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,030 | $50.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,850
Gross Pay
Real Wage (Purchasing Power)
$74,850
Adjusted for COL (100)
The average annual salary of $74,850 in Springfield, OH, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents. While the salary is below the national average, the cost of living ensures that the take-home pay maintains its value relative to national standards.
Job Market Context
260
Total Jobs
5.594
Per 1K Jobs
0.6
Location Quotient
Springfield, OH 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, Springfield, OH, has a lower concentration of Accountants and Auditors compared to the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for skilled professionals seeking employment. While not a hub for this specific role, the presence of 260 local professionals indicates a steady demand that is not overly competitive.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Dayton-Kettering-Beavercreek, OH Accountants and Auditors Salary | $86,560↑ 16% | 24 mi |
| Columbus, OH Accountants and Auditors Salary | $91,980↑ 23% | 42 mi |
| Lima, OH Accountants and Auditors Salary | $75,880↑ 1% | 58 mi |
| North Northeastern Ohio nonmetropolitan area (noncontiguous) Accountants and Auditors Salary | $76,300↑ 2% | 63 mi |
| West Northwestern Ohio nonmetropolitan area Accountants and Auditors Salary | $76,280↑ 2% | 63 mi |
Comparing salaries near Springfield, OH
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Springfield, OH?
The median annual salary for a Accountants and Auditors in Springfield, OH is $74,850. This typically ranges from $45,380 for entry-level positions to $105,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, OH is 20.7% lower than the national median of $94,430.
Is Springfield, OH a lucrative place for Accountants and Auditors?
No, not compared to the national average.While the average salary of $74,850 is stable relative to the local cost of living, it falls significantly short of the national average of $94,430. This indicates lower earning potential in Springfield, OH, for this profession.
Is Springfield, OH a good place to live for Accountants and Auditors?
The Cost of Living Index in Springfield, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, OH?
Some top paying nearby cities include Dayton-Kettering-Beavercreek, OH ($86,560) and Columbus, OH.
What is the average salary for Accountants and Auditors in Springfield, OH?
The average annual salary for Accountants and Auditors in Springfield, OH, is $74,850.
How does Springfield, OH's cost of living compare to the national average?
Springfield, OH, has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the country.
Is there high demand for Accountants and Auditors in Springfield, OH?
The demand is moderate, as indicated by a Location Quotient of 0.6, meaning the profession is less concentrated here than nationally. However, with 5.594 jobs per 1,000 workers, opportunities exist.
How does experience affect an Accountant's salary in Springfield, OH?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher compensation, reflecting a clear career progression path.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Springfield, OH area with a job density of 5.594 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, OH