Average Accountants and Auditors Salary in West Central Illinois nonmetropolitan area
Accountants and Auditors in the West Central Illinois nonmetropolitan area earn an average annual salary of $70,900. This figure is notably lower than the national average of $94,430, reflecting regional economic factors and demand dynamics specific to nonmetropolitan labor markets. The localized pay scale is influenced by the cost of doing business and the availability of specialized financial expertise within the area.
Executive Summary
- Average Salary: $70,900 per year.
- Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,660.
- Outlook: With a local workforce of 970 Accountants and Auditors, the West Central Illinois nonmetropolitan area presents a stable, albeit less concentrated, job market for these professionals. The Location Quotient of 0.61 indicates a lower presence compared to the national average, suggesting that while opportunities exist, the field is not as densely populated as in major metropolitan hubs. The rate of 5.719 jobs per 1,000 workers underscores a consistent, steady demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in West Central Illinois nonmetropolitan area earns-24.9%below the national average.
$34.1
$1,363
$5,908
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Accountants and Auditors in nonmetropolitan areas like West Central Illinois have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the need for businesses to adapt to evolving regulatory landscapes. Such growth, even if modest, contributes to the overall attractiveness of the profession within the region.
Accountants and Auditors Salary Distribution in West Central Illinois nonmetropolitan area
Career progression for Accountants and Auditors in West Central Illinois nonmetropolitan area is typically marked by significant salary increases with experience. Entry-level positions often start at lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior-level salaries serves as a clear indicator of the career advancement and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,780 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,175 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,000 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,625 | $42.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,660 | $49.4 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$70,900
Gross Pay
Real Wage (Purchasing Power)
$70,900
Adjusted for COL (100)
The nominal average annual salary of $70,900 for Accountants and Auditors in West Central Illinois nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making the region financially neutral from a cost-of-living perspective. While the salary is below the national average for the profession, the cost of living does not further diminish its real value.
Job Market Context
970
Total Jobs
5.719
Per 1K Jobs
0.61
Location Quotient
West Central Illinois nonmetropolitan area has 0.61x 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.
The Location Quotient of 0.61 for Accountants and Auditors in West Central Illinois nonmetropolitan area suggests a market that is less concentrated than the national average. This indicates that the demand for these professionals, relative to the overall workforce, is lower compared to national trends. Consequently, the job market may be less competitive in terms of the sheer number of applicants for each opening, potentially offering more direct opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Accountants and Auditors Salary | $80,040↑ 13% | 9 mi |
| Decatur, IL Accountants and Auditors Salary | $87,470↑ 23% | 34 mi |
| Champaign-Urbana, IL Accountants and Auditors Salary | $70,530↓ 1% | 41 mi |
| Peoria, IL Accountants and Auditors Salary | $79,030↑ 11% | 43 mi |
| Springfield, IL Accountants and Auditors Salary | $88,730↑ 25% | 53 mi |
Comparing salaries near West Central Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in West Central Illinois nonmetropolitan area?
The median annual salary for a Accountants and Auditors in West Central Illinois nonmetropolitan area is $70,900. This typically ranges from $45,780 for entry-level positions to $102,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Central Illinois nonmetropolitan area is 24.9% lower than the national median of $94,430.
Is West Central Illinois nonmetropolitan area 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 $70,900 is significantly lower than the national average of $94,430 for Accountants and Auditors.
Is West Central Illinois nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in West Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($80,040) and Decatur, IL.
How does the cost of living in West Central Illinois compare to the national average?
The cost of living in the West Central Illinois nonmetropolitan area is exactly at the national average, indicated by a Cost of Living Index of 100.
What is the concentration of Accountants and Auditors in this region?
The concentration of Accountants and Auditors is below the national average, with a Location Quotient of 0.61, suggesting fewer professionals relative to the overall workforce.
How many Accountants and Auditors are employed in West Central Illinois?
There are approximately 970 Accountants and Auditors employed in the West Central Illinois nonmetropolitan area.
What is the job availability for Accountants and Auditors per 1,000 workers locally?
There are 5.719 jobs per 1,000 workers for Accountants and Auditors in West Central Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the West Central Illinois nonmetropolitan area area with a job density of 5.719 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 Central Illinois nonmetropolitan area