Average Accountants and Auditors Salary in Waterbury-Shelton, CT
Accountants and Auditors in the Waterbury-Shelton, CT area earn an average annual salary of $90,240. This figure is slightly below the national average of $94,430, indicating localized market dynamics may influence compensation. Factors such as the specific industry mix and demand within the region contribute to this pay scale.
Executive Summary
- Average Salary: $90,240 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,240.
- Outlook: With a local workforce of 1,300 Accountants and Auditors, the Waterbury-Shelton area demonstrates a stable presence in this profession. The location quotient of 0.87 suggests that while the concentration is slightly below the national average, there is still a significant and consistent demand for these financial professionals within the region.
Salary Overview
The average Accountants and Auditors in Waterbury-Shelton, CT earns-4.4%below the national average.
$43.4
$1,735
$7,520
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Accountants and Auditors have experienced steady growth over the past four years, driven by increasing regulatory complexity and the ongoing need for financial expertise across all sectors. This trend is likely reflected in the Waterbury-Shelton market, with compensation adjustments keeping pace with broader economic and professional developments.
Accountants and Auditors Salary Distribution in Waterbury-Shelton, CT
Career progression for Accountants and Auditors typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,640 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,680 | $32.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,750 | $40.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,800 | $54.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,240 | $64.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$90,240
Gross Pay
Real Wage (Purchasing Power)
$90,240
Adjusted for COL (100)
The average annual salary of $90,240 in Waterbury-Shelton, CT aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Accountant's salary in this area is equivalent to the national average, offering a balanced financial environment for residents.
Job Market Context
1,300
Total Jobs
8.164
Per 1K Jobs
0.87
Location Quotient
Waterbury-Shelton, CT has 0.87x 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 0.87 for Accountants and Auditors in Waterbury-Shelton, CT indicates that the profession is slightly less concentrated than the national average. This suggests a moderately competitive job market, where opportunities may be available but perhaps not as abundant as in more heavily concentrated areas, requiring professionals to be well-prepared for their job search.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Accountants and Auditors Salary | $86,300↓ 4% | 15 mi |
| New Haven, CT Accountants and Auditors Salary | $91,970↑ 2% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Accountants and Auditors Salary | $93,810↑ 4% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Accountants and Auditors Salary | $104,070↑ 15% | 27 mi |
| Springfield, MA Accountants and Auditors Salary | $91,630↑ 2% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Accountants and Auditors make in Waterbury-Shelton, CT?
The median annual salary for a Accountants and Auditors in Waterbury-Shelton, CT is $90,240. This typically ranges from $57,640 for entry-level positions to $133,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 4.4% lower than the national median of $94,430.
Is Waterbury-Shelton, CT a lucrative place for Accountants and Auditors?
Moderately. The salary is close to the national average, but the cost of living is also at the national average.The average salary of $90,240 is slightly below the national average, but with a cost of living index of 100, the purchasing power remains comparable to the national standard.
Is Waterbury-Shelton, CT a good place to live for Accountants and Auditors?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($86,300) and New Haven, CT.
What is the average salary for Accountants and Auditors in Waterbury-Shelton, CT?
The average annual salary for Accountants and Auditors in Waterbury-Shelton, CT is $90,240.
How does the Waterbury-Shelton, CT salary compare to the national average?
The average salary in Waterbury-Shelton, CT ($90,240) is slightly lower than the national average of $94,430.
What is the cost of living in Waterbury-Shelton, CT compared to the national average?
The cost of living in Waterbury-Shelton, CT is exactly at the national average, with an index of 100.
How concentrated is the job market for Accountants and Auditors in Waterbury-Shelton, CT?
The job market concentration, measured by the location quotient, is 0.87, which is slightly below 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 1,300 employees in the Waterbury-Shelton, CT area with a job density of 8.164 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 Waterbury-Shelton, CT