Average Accountants and Auditors Salary in Waco, TX
Accountants and Auditors in Waco, TX earn an average annual salary of $82,180. This figure is notably below the national average of $94,430, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the Waco metropolitan area. While the national landscape offers higher remuneration, Waco presents a unique economic environment for these finance professionals.
Executive Summary
- Average Salary: $82,180 per year.
- Growth Trend: Salaries have shifted 19.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,990.
- Outlook: The Waco, TX market for Accountants and Auditors comprises a workforce of 790 professionals, with a Location Quotient of 0.65. This indicates a slightly lower concentration of these roles compared to the national average, suggesting a stable but not overly saturated job market. The presence of 6.117 jobs per 1,000 workers points to consistent demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Waco, TX earns-13.0%below the national average.
$39.5
$1,580
$6,848
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Waco's Accountant and Auditor salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing demand for financial expertise typically drive salary increases for skilled professionals in this field, suggesting that compensation in Waco has likely seen incremental growth.
Accountants and Auditors Salary Distribution in Waco, TX
Salary progression for Accountants and Auditors in Waco, TX, is intrinsically linked to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills or in senior roles can expect significantly higher compensation. The percentile gaps in salary distribution, though not detailed here, are indicative of the substantial career growth and earning potential available as one advances in their accounting career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,120 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,635 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,500 | $34.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,725 | $49.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,990 | $57.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$82,180
Gross Pay
Real Wage (Purchasing Power)
$82,180
Adjusted for COL (100)
The average annual salary of $82,180 for Accountants and Auditors in Waco, TX, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an $82,180 salary in Waco is equivalent to the national average, offering a balanced financial standing relative to the cost of essential goods and services.
Job Market Context
790
Total Jobs
6.117
Per 1K Jobs
0.65
Location Quotient
Waco, TX has 0.65x 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 0.65, Waco, TX, has a lower concentration of Accountants and Auditors compared to the national average. This suggests that while the profession is present and necessary, it is not as densely populated as in other major metropolitan areas. This could translate to a less competitive job market for employers seeking talent, but potentially more opportunities for individual professionals to stand out.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
Comparing salaries near Waco, TX
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Waco, TX?
The median annual salary for a Accountants and Auditors in Waco, TX is $82,180. This typically ranges from $51,120 for entry-level positions to $119,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 13.0% lower than the national median of $94,430.
Is Waco, TX a lucrative place for Accountants and Auditors?
No, not compared to the national average.While the cost of living is average, the average salary of $82,180 is significantly lower than the national average of $94,430, indicating less lucrative earning potential.
Is Waco, TX a good place to live for Accountants and Auditors?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($81,080) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's cost of living compare nationally?
Waco, TX, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services in Waco is comparable to the rest of the United States.
What is the concentration of Accountants and Auditors in Waco?
The concentration of Accountants and Auditors in Waco, TX, is represented by a Location Quotient of 0.65, indicating a lower presence of these professionals compared to the national average.
How many Accountants and Auditors are there in Waco?
There are approximately 790 Accountants and Auditors employed in the Waco, TX metropolitan area.
Are there many job openings for Accountants and Auditors in Waco?
With 6.117 jobs per 1,000 workers, there is a steady demand for Accountants and Auditors in Waco, TX, though the overall concentration is lower than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 790 employees in the Waco, TX area with a job density of 6.117 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 Waco, TX
- All Occupations Salary in Waco, TX
- Office and Administrative Support Occupations Salary in Waco, TX
- Food Preparation and Serving Related Occupations Salary in Waco, TX
- Transportation and Material Moving Occupations Salary in Waco, TX
- Sales and Related Occupations Salary in Waco, TX
- Management Occupations Salary in Waco, TX
- Production Occupations Salary in Waco, TX
- Educational Instruction and Library Occupations Salary in Waco, TX
- Business and Financial Operations Occupations Salary in Waco, TX
- Healthcare Practitioners and Technical Occupations Salary in Waco, TX
- Browse All Jobs in Waco, TX →
Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Waco, TX