Average Accountants and Auditors Salary in Upper Peninsula of Michigan nonmetropolitan area
Accountants and Auditors in the Upper Peninsula of Michigan nonmetropolitan area earn an average annual salary of $73,200. This figure is notably below the national average of $94,430, reflecting the distinct economic landscape and potentially lower demand for specialized financial roles in this less densely populated region. The compensation is shaped by local market dynamics rather than broader national trends.
Executive Summary
- Average Salary: $73,200 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,800.
- Outlook: The job market for Accountants and Auditors in the Upper Peninsula of Michigan nonmetropolitan area appears stable, with a local workforce of 870 professionals. The Location Quotient of 0.83 suggests a slightly lower concentration of these roles compared to the national average, indicating a moderate but not saturated demand. While not a major hub, the consistent presence of these roles signifies ongoing opportunities within the region.
Salary Overview
The average Accountants and Auditors in Upper Peninsula of Michigan nonmetropolitan area earns-22.5%below the national average.
$35.2
$1,408
$6,100
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Accountants and Auditors in the Upper Peninsula of Michigan have experienced gradual growth over the past four years, mirroring national trends. This growth is likely driven by inflation, increasing complexity in financial regulations, and a steady demand for financial expertise across various local industries.
Accountants and Auditors Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area
Career progression for Accountants and Auditors in the Upper Peninsula of Michigan nonmetropolitan area typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior roles, requiring specialized knowledge and extensive experience, command salaries in the upper percentiles. The gap between these salary ranges highlights the value placed on accumulated expertise and leadership within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,530 | $20.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,900 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,240 | $31.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,500 | $44 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,800 | $50.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$73,200
Gross Pay
Real Wage (Purchasing Power)
$73,200
Adjusted for COL (100)
The nominal average salary of $73,200 in the Upper Peninsula of Michigan nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor's salary in this region is equivalent to the national average, suggesting that while the nominal pay is lower than the national average, the cost of living does not offset this disadvantage.
Job Market Context
870
Total Jobs
7.8
Per 1K Jobs
0.83
Location Quotient
Upper Peninsula of Michigan nonmetropolitan area has 0.83x 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 0.83, the Upper Peninsula of Michigan nonmetropolitan area has a slightly lower concentration of Accountants and Auditors compared to the national average. This suggests that the job market is not overly saturated, and while demand may be less intense than in metropolitan areas, professionals may find a more accessible entry point without facing extreme competition. The market is neither overly abundant nor exceptionally scarce for these roles.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Accountants and Auditors Salary | $97,350↑ 33% | 26 mi |
| Saginaw, MI Accountants and Auditors Salary | $79,490↑ 9% | 30 mi |
| Bay City, MI Accountants and Auditors Salary | $74,830↑ 2% | 37 mi |
| Lansing-East Lansing, MI Accountants and Auditors Salary | $80,770↑ 10% | 42 mi |
| Flint, MI Accountants and Auditors Salary | $74,970↑ 2% | 47 mi |
Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Upper Peninsula of Michigan nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Upper Peninsula of Michigan nonmetropolitan area is $73,200. This typically ranges from $42,530 for entry-level positions to $104,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 22.5% lower than the national median of $94,430.
Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for Accountants and Auditors?
No, it is not considered a highly lucrative place for Accountants and Auditors.The average salary of $73,200 is significantly lower than the national average, and while the cost of living is on par with the national average, the overall compensation does not reflect a premium earning potential.
Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?
Some top paying nearby cities include Midland, MI ($97,350) and Saginaw, MI.
How does the local workforce size affect job prospects?
A local workforce of 870 indicates a moderate-sized professional community. While not as large as metropolitan areas, it suggests a stable presence of accounting and auditing roles within the region's economy.
What does a Location Quotient of 0.83 mean for job seekers?
A Location Quotient of 0.83 signifies that Accountants and Auditors are slightly less concentrated here than the national average. This could mean fewer job openings but potentially less competition for available positions.
How does the Cost of Living Index impact the $73,200 salary?
With a Cost of Living Index of 100, the $73,200 salary offers purchasing power equivalent to the national average. This means the lower nominal salary is balanced by lower (or average) expenses, making the take-home value comparable nationally.
Are there many job opportunities for Accountants and Auditors in this region?
The number of jobs per 1,000 workers is 7.8, which is a reasonable metric. While not indicative of explosive growth, it suggests a consistent, steady demand for accounting and auditing services within the Upper Peninsula's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 870 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 7.8 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Accountants and Auditors Salaries by State
Top Jobs in Upper Peninsula of Michigan nonmetropolitan area
- All Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Office and Administrative Support Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Sales and Related Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Production Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Management Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Construction and Extraction Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area
- Browse All Jobs in Upper Peninsula of Michigan nonmetropolitan area →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Upper Peninsula of Michigan nonmetropolitan area