Average Accountants and Auditors Salary in West Arkansas nonmetropolitan area
Accountants and Auditors in the West Arkansas nonmetropolitan area earn an average annual salary of $68,770. This figure is notably lower than the national average of $94,430, reflecting the economic landscape and specific industry demands of this region. Factors such as the concentration of businesses and the overall economic activity in nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $68,770 per year.
- Growth Trend: Salaries have shifted 1.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,060.
- Outlook: The local workforce for Accountants and Auditors in West Arkansas comprises 330 professionals, indicating a modest but stable presence. With a Location Quotient of 0.4, the concentration of these roles is below the national average, suggesting that while opportunities exist, the market is not saturated. The rate of 3.761 jobs per 1,000 workers further underscores a steady demand for accounting expertise within this specific geographic area.
Salary Overview
The average Accountants and Auditors in West Arkansas nonmetropolitan area earns-27.2%below the national average.
$33.1
$1,323
$5,731
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Accountants and Auditors in West Arkansas have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving business needs typically drive an upward trajectory in compensation, even in nonmetropolitan settings, as professionals gain experience and the demand for specialized financial services increases.
Accountants and Auditors Salary Distribution in West Arkansas nonmetropolitan area
Career progression for Accountants and Auditors in West Arkansas, as elsewhere, is typically marked by increasing salary potential. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries. The percentile gaps in earnings clearly signify the career ladder, rewarding accumulated knowledge and responsibility with greater financial remuneration.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,850 | $19.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,578 | $24.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,850 | $30.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $85,963 | $41.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,060 | $48.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$68,770
Gross Pay
Real Wage (Purchasing Power)
$68,770
Adjusted for COL (100)
The average annual salary of $68,770 in West Arkansas 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 region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers a comparable standard of living to many other areas.
Job Market Context
330
Total Jobs
3.761
Per 1K Jobs
0.4
Location Quotient
At 0.40x, West Arkansas nonmetropolitan area has a notably lower concentration of Accountants and Auditors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.4 for Accountants and Auditors in West Arkansas indicates that this profession is less concentrated here compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, potentially offering more opportunities for skilled individuals. However, it also implies that the demand might be more specialized or tied to the specific economic drivers of the nonmetropolitan area.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Accountants and Auditors Salary | $75,210↑ 9% | 17 mi |
| Hot Springs, AR Accountants and Auditors Salary | $79,070↑ 15% | 51 mi |
Comparing salaries near West Arkansas nonmetropolitan area
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in West Arkansas nonmetropolitan area?
The median annual salary for a Accountants and Auditors in West Arkansas nonmetropolitan area is $68,770. This typically ranges from $40,850 for entry-level positions to $100,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Arkansas nonmetropolitan area is 27.2% lower than the national median of $94,430.
Is West Arkansas nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered a lucrative place compared to national averages.The average salary of $68,770 is significantly below the national average of $94,430, although the cost of living is also at the national average. This indicates that while expenses are comparable, the earning potential is substantially lower.
Is West Arkansas nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in West Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($75,210) and Hot Springs, AR.
How does the cost of living affect the salary in West Arkansas?
The Cost of Living Index in West Arkansas is 100, which is the national average. This means that while the nominal salary of $68,770 is lower than the national average, your money will likely go just as far in terms of purchasing power for everyday expenses.
What is the job market like for Accountants and Auditors in West Arkansas?
The job market has a total local workforce of 330 professionals and a Location Quotient of 0.4, indicating a below-average concentration of these roles compared to the rest of the country. There are 3.761 jobs per 1,000 workers, suggesting a steady but not exceptionally high demand.
How does experience impact an Accountant's salary in this region?
Experience plays a crucial role in salary progression. Entry-level accountants will earn less, while senior accountants with specialized skills and years of experience can expect to earn substantially more, reflecting the typical career ladder in the profession.
Should I consider relocating to West Arkansas for an accounting job?
Relocation depends on your priorities. While the salary is lower than the national average, the equivalent cost of living means your earnings might offer a similar lifestyle. Assess career growth opportunities and personal preferences alongside financial considerations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the West Arkansas nonmetropolitan area area with a job density of 3.761 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 West Arkansas nonmetropolitan area