Average Accountants and Auditors Salary in State College, PA
Accountants and Auditors in State College, PA, earn an average annual salary of $71,860. This figure is notably below the national average of $94,430, suggesting that local economic factors and demand dynamics play a significant role in compensation within this region. The specific economic landscape of State College influences the earning potential for these finance professionals.
Executive Summary
- Average Salary: $71,860 per year.
- Growth Trend: Salaries have shifted 1.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,120.
- Outlook: With a local workforce of 460 Accountants and Auditors, State College, PA, presents a moderate-sized professional community. The Location Quotient of 0.71 indicates that the concentration of these roles is slightly below the national average, suggesting a stable but not rapidly expanding demand for accounting and auditing services in the area. The presence of 6.644 jobs per 1,000 workers further supports the notion of a consistent, albeit not exceptionally high, job market for these professionals.
Salary Overview
The average Accountants and Auditors in State College, PA earns-23.9%below the national average.
$34.6
$1,382
$5,988
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 growth over the past four years, mirroring national trends. This growth likely translates to incremental salary increases for Accountants and Auditors in State College, PA, as the demand for financial expertise continues to evolve with economic shifts and regulatory changes.
Accountants and Auditors Salary Distribution in State College, PA
Salary progression for Accountants and Auditors in State College, PA, typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries, potentially reaching into the upper percentiles. The widening gap between entry-level and senior-level salaries reflects the increasing value placed on expertise and proven track records within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,920 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,895 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,480 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,825 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,120 | $53.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$71,860
Gross Pay
Real Wage (Purchasing Power)
$71,860
Adjusted for COL (100)
The nominal average salary of $71,860 in State College, PA, 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 State College is equivalent to the national average, offering a balanced financial standing relative to the cost of goods and services.
Job Market Context
460
Total Jobs
6.644
Per 1K Jobs
0.71
Location Quotient
State College, PA has 0.71x 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.
The Location Quotient of 0.71 for Accountants and Auditors in State College, PA, signifies that the profession is less concentrated here compared to the national average. This suggests that while there is a steady presence of these roles, the market may not be saturated, potentially offering opportunities for skilled professionals. It indicates a moderate level of competition and a stable demand for accounting expertise within the local economy.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Altoona, PA Accountants and Auditors Salary | $70,720↓ 2% | 35 mi |
| Northwestern Pennsylvania nonmetropolitan area Accountants and Auditors Salary | $72,040↑ 0% | 45 mi |
| Central Pennsylvania nonmetropolitan area Accountants and Auditors Salary | $74,720↑ 4% | 45 mi |
| Southwestern Pennsylvania nonmetropolitan area Accountants and Auditors Salary | $70,720↓ 2% | 45 mi |
| Northeastern Pennsylvania nonmetropolitan area Accountants and Auditors Salary | $70,420↓ 2% | 45 mi |
Comparing salaries near State College, PA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in State College, PA?
The median annual salary for a Accountants and Auditors in State College, PA is $71,860. This typically ranges from $40,920 for entry-level positions to $111,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in State College, PA is 23.9% lower than the national median of $94,430.
Is State College, PA a lucrative place for Accountants and Auditorss?
No, not exceptionally lucrative compared to the national average.While the average salary of $71,860 is stable, it falls below the national average of $94,430. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is State College, PA a good place to live for Accountants and Auditors?
The Cost of Living Index in State College, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near State College, PA?
Some top paying nearby cities include Altoona, PA ($70,720) and Northwestern Pennsylvania nonmetropolitan area.
What is the average salary for Accountants and Auditors in State College, PA?
The average annual salary for Accountants and Auditors in State College, PA, is $71,860.
How does the State College, PA salary compare to the national average?
The average salary in State College, PA ($71,860) is lower than the national average salary of $94,430 for Accountants and Auditors.
What is the Cost of Living Index in State College, PA?
The Cost of Living Index in State College, PA, is 100, which is equivalent to the national average.
How concentrated is the Accountant and Auditor job market in State College, PA?
The job market for Accountants and Auditors in State College, PA, is slightly less concentrated than the national average, with a Location Quotient of 0.71.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the State College, PA area with a job density of 6.644 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 State College, PA