SalaryNode

Average Accountants and Auditors Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV

Accountants and Auditors in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area command an impressive average annual salary of $108,670. This figure significantly surpasses the national average of $94,430, indicating a strong demand and higher compensation for financial professionals in this region. The robust economic activity and concentration of industries within this major metropolitan hub are key drivers behind this elevated pay scale.

Executive Summary

  • Average Salary: $108,670 per year.
  • Growth Trend: Salaries have shifted 10.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $167,270.
  • Outlook: The job market for Accountants and Auditors in Washington-Arlington-Alexandria appears robust, evidenced by a substantial local workforce of 42,320 professionals. A Location Quotient of 1.44 suggests that this occupation is more concentrated here than the national average, implying a consistent and potentially growing demand for these specialized skills within the region's diverse economic landscape.
2024 Market Data

Salary Overview

$108,670

The average Accountants and Auditors in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+15.1%above the national average.

BreakdownBased on 40h/week
Hourly

$52.2

Weekly

$2,090

Monthly

$9,056

Accountants and Auditors Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV

Salary progression for Accountants and Auditors in Washington-Arlington-Alexandria typically scales significantly with experience. Entry-level positions will naturally fall at the lower end of the pay spectrum, while seasoned professionals with specialized expertise and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles reflects the increased responsibility, strategic input, and value that experienced accountants bring to organizations.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$64,490$31
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$81,503$39.2
ManagerOversees team, compliance, and project delivery.50% (Median)$99,440$47.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$135,838$65.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$167,270$80.4

Detailed Accountants and Auditors Market Analysis

Relocation Context

Nominal Salary

$108,670

Gross Pay

Real Wage (Purchasing Power)

$108,670

Adjusted for COL (100)

The average annual salary of $108,670 in Washington-Arlington-Alexandria aligns perfectly with the national average Cost of Living Index of 100. This means that the higher nominal earnings translate directly into equivalent purchasing power compared to the national average, making the area financially stable for accountants without a significant cost-of-living penalty.

Job Market Context

42,320

Total Jobs

13.569

Per 1K Jobs

1.44

Location Quotient

Above Average

With a location quotient of 1.44, Washington-Arlington-Alexandria, DC-VA-MD-WV has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.

With a Location Quotient of 1.44, the Washington-Arlington-Alexandria area demonstrates a higher concentration of Accountants and Auditors relative to the national average. This suggests a more competitive job market with a greater abundance of opportunities, potentially leading employers to offer higher compensation to attract and retain top talent in this specialized field.

Nearby Job Markets

Nearby Cities for Accountants and Auditors

CitySalaryDist.
Maryland nonmetropolitan area Accountants and Auditors Salary$81,700↓ 25%17 mi
Baltimore-Columbia-Towson, MD Accountants and Auditors Salary$93,520↓ 14%35 mi
Lexington Park, MD Accountants and Auditors Salary$96,970↓ 11%55 mi
Hagerstown-Martinsburg, MD-WV Accountants and Auditors Salary$84,360↓ 22%63 mi
Winchester, VA-WV Accountants and Auditors Salary$89,010↓ 18%64 mi

Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV

Hiring Accountants and Auditorss?

Frequently Asked Questions

How much does a Accountants and Auditors make in Washington-Arlington-Alexandria, DC-VA-MD-WV?

The median annual salary for a Accountants and Auditors in Washington-Arlington-Alexandria, DC-VA-MD-WV is $108,670. This typically ranges from $64,490 for entry-level positions to $167,270 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 15.1% higher than the national median of $94,430.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Accountants and Auditorss?

Yes, it is a highly lucrative area for Accountants and Auditors.The average salary of $108,670 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Accountants and Auditors?

The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?

Some top paying nearby cities include Maryland nonmetropolitan area ($81,700) and Baltimore-Columbia-Towson, MD.

How does the local job market compare to the national average for Accountants and Auditors?

The local job market in Washington-Arlington-Alexandria is more concentrated than the national average, with a Location Quotient of 1.44, suggesting a higher demand and a greater number of job opportunities relative to the overall workforce.

What is the average salary for Accountants and Auditors in Washington-Arlington-Alexandria?

The average annual salary for Accountants and Auditors in the Washington-Arlington-Alexandria area is $108,670, which is notably higher than the national average.

Does the cost of living affect the high salaries for Accountants and Auditors in this region?

No, the cost of living in Washington-Arlington-Alexandria is at the national average (100), meaning the higher salaries offer equivalent purchasing power compared to the rest of the country.

How many Accountants and Auditors work in the Washington-Arlington-Alexandria area?

There are approximately 42,320 Accountants and Auditors employed within the Washington-Arlington-Alexandria metropolitan area, indicating a substantial professional community.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 42,320 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 13.569 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV

Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV