Average Accountants and Auditors Salary in Syracuse, NY
Accountants and Auditors in Syracuse, NY, earn an average annual salary of $89,860. This figure is slightly below the national average of $94,430, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the Syracuse metropolitan area. While the nominal salary may be lower than the national benchmark, it's crucial to consider the local economic landscape when evaluating earning potential.
Executive Summary
- Average Salary: $89,860 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,510.
- Outlook: Syracuse boasts a dedicated workforce of 2,610 Accountants and Auditors, with a Location Quotient of 0.94, indicating a concentration very close to the national average. This suggests a stable and established presence of these professionals within the local economy, implying consistent demand for their services across various industries in the region. The job market appears robust, with 8.861 jobs per 1,000 workers, signifying a healthy employment landscape for this profession.
Salary Overview
The average Accountants and Auditors in Syracuse, NY earns-4.8%below the national average.
$43.2
$1,728
$7,488
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Syracuse is not provided, it is generally assumed that the salaries for Accountants and Auditors nationwide, and likely within Syracuse, have experienced steady growth over the past four years. This trend is driven by factors such as increasing regulatory complexity, the growing importance of financial data analysis, and a persistent demand for skilled financial professionals across all sectors of the economy.
Accountants and Auditors Salary Distribution in Syracuse, NY
Salary progression for Accountants and Auditors in Syracuse is significantly tied to experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while senior roles, those with specialized certifications (like CPA), or those in management positions command higher salaries. The widening gap between the 25th percentile (entry-level) and the 75th percentile (experienced/senior) clearly illustrates the substantial career growth and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,340 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,395 | $32.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,790 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,325 | $54 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,510 | $63.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$89,860
Gross Pay
Real Wage (Purchasing Power)
$89,860
Adjusted for COL (100)
The average annual salary of $89,860 in Syracuse 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 or Auditor's salary in Syracuse is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services within the city.
Job Market Context
2,610
Total Jobs
8.861
Per 1K Jobs
0.94
Location Quotient
Syracuse, NY has 0.94x 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 0.94, the market for Accountants and Auditors in Syracuse is neither significantly over-saturated nor exceptionally scarce compared to the national average. This suggests a balanced job market where professionals can find opportunities without facing extreme competition, while also indicating that employers can find qualified candidates. The concentration is close enough to the national average to imply a steady, reliable demand for these essential financial roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Accountants and Auditors Salary | $88,760↓ 1% | 45 mi |
| Utica-Rome, NY Accountants and Auditors Salary | $85,140↓ 5% | 46 mi |
| Watertown-Fort Drum, NY Accountants and Auditors Salary | $84,850↓ 6% | 66 mi |
| Binghamton, NY Accountants and Auditors Salary | $86,560↓ 4% | 66 mi |
| Elmira, NY Accountants and Auditors Salary | $88,310↓ 2% | 74 mi |
Comparing salaries near Syracuse, NY
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Syracuse, NY?
The median annual salary for a Accountants and Auditors in Syracuse, NY is $89,860. This typically ranges from $54,340 for entry-level positions to $132,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Syracuse, NY is 4.8% lower than the national median of $94,430.
Is Syracuse, NY a lucrative place for Accountants and Auditors?
Yes, it offers competitive compensation relative to its cost of living.While the average salary is slightly below the national average, the cost of living in Syracuse is also at the national average, making the purchasing power of local salaries equivalent. The stable job market further supports its attractiveness.
Is Syracuse, NY a good place to live for Accountants and Auditors?
The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Syracuse, NY?
Some top paying nearby cities include Ithaca, NY ($88,760) and Utica-Rome, NY.
How does the Syracuse salary compare to the national average for Accountants and Auditors?
The average annual salary for Accountants and Auditors in Syracuse, NY, is $89,860, which is slightly lower than the national average of $94,430.
What is the concentration of Accountants and Auditors in Syracuse compared to the rest of the US?
Syracuse has a Location Quotient of 0.94 for Accountants and Auditors, indicating a job concentration that is very close to the national average, suggesting a balanced market.
How does the cost of living in Syracuse affect the salary for Accountants and Auditors?
Syracuse has a Cost of Living Index of 100, which is the national average. This means the $89,860 salary offers purchasing power equivalent to the national average, making it a financially stable location.
What is the total number of Accountants and Auditors employed in Syracuse?
There are approximately 2,610 Accountants and Auditors employed in the Syracuse, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,610 employees in the Syracuse, NY area with a job density of 8.861 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 Syracuse, NY