Average Accountants and Auditors Salary in Toledo, OH
Accountants and Auditors in Toledo, OH, earn an average annual salary of $87,970. This figure is slightly below the national average of $94,430, a difference often influenced by regional economic factors and the specific demand within the local market. While Toledo's cost of living aligns perfectly with the national average, this salary reflects the unique economic landscape of the area.
Executive Summary
- Average Salary: $87,970 per year.
- Growth Trend: Salaries have shifted 22.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,630.
- Outlook: With a local workforce of 2,110 Accountants and Auditors, Toledo presents a stable, albeit not exceptionally concentrated, job market for these professionals. The Location Quotient of 0.77 indicates a slightly lower presence of these roles compared to the national average, suggesting a steady demand that aligns with the general economic activity of the region rather than a specialized boom.
Salary Overview
The average Accountants and Auditors in Toledo, OH earns-6.8%below the national average.
$42.3
$1,692
$7,331
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Toledo is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the region have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Accountants and Auditors Salary Distribution in Toledo, OH
The career trajectory for Accountants and Auditors in Toledo, as elsewhere, typically involves significant salary increases with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect to earn considerably more, often reaching into the higher percentiles of the salary range.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,130 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,978 | $31.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,940 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,963 | $52.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,630 | $63.3 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$87,970
Gross Pay
Real Wage (Purchasing Power)
$87,970
Adjusted for COL (100)
The average annual salary of $87,970 in Toledo, OH, is precisely aligned with the national average cost of living (100). This means that the purchasing power of an Accountant or Auditor's salary in Toledo is equivalent to that of someone earning the national average in a location with a national average cost of living, offering a balanced financial standing.
Job Market Context
2,110
Total Jobs
7.243
Per 1K Jobs
0.77
Location Quotient
Toledo, OH has 0.77x 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 0.77 for Accountants and Auditors in Toledo suggests that the concentration of these roles is slightly below the national average. This indicates that while the profession is present and necessary, it is not a dominant sector within the local economy, implying a competitive but manageable job market for skilled professionals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Accountants and Auditors Salary | $83,200↓ 5% | 20 mi |
| Ann Arbor, MI Accountants and Auditors Salary | $85,680↓ 3% | 43 mi |
| Sandusky, OH Accountants and Auditors Salary | $75,830↓ 14% | 48 mi |
| Detroit-Warren-Dearborn, MI Accountants and Auditors Salary | $91,040↑ 3% | 54 mi |
| Jackson, MI Accountants and Auditors Salary | $78,010↓ 11% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Toledo, OH?
The median annual salary for a Accountants and Auditors in Toledo, OH is $87,970. This typically ranges from $50,130 for entry-level positions to $131,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 6.8% lower than the national median of $94,430.
Is Toledo, OH a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the salary of $87,970 is substantial, it falls below the national average. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.
Is Toledo, OH a good place to live for Accountants and Auditors?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($83,200) and Ann Arbor, MI.
How does Toledo's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Toledo, OH, is $87,970, which is approximately $6,460 less than the national average of $94,430.
What is the cost of living in Toledo, OH for Accountants and Auditors?
The cost of living index in Toledo, OH, is 100, which is exactly the national average. This means that the expenses for goods and services are comparable to the national average.
How many Accountants and Auditors work in Toledo, OH?
There are approximately 2,110 Accountants and Auditors employed in the Toledo, OH metropolitan area.
Is there high demand for Accountants and Auditors in Toledo, OH?
The Location Quotient of 0.77 suggests a demand that is slightly below the national average concentration, indicating a stable but not exceptionally high demand for these professionals in Toledo.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,110 employees in the Toledo, OH area with a job density of 7.243 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 Toledo, OH