Average Accountants and Auditors Salary in West Tennessee nonmetropolitan area
Accountants and Auditors in the West Tennessee nonmetropolitan area earn an average annual salary of $74,840. This figure is notably below the national average of $94,430, reflecting the economic dynamics and potentially lower demand for specialized financial roles in nonmetropolitan regions. The compensation is often influenced by the local economic structure and the availability of similar opportunities.
Executive Summary
- Average Salary: $74,840 per year.
- Growth Trend: Salaries have shifted 26.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,090.
- Outlook: With a local workforce of 550 Accountants and Auditors, the job market in West Tennessee's nonmetropolitan areas presents a modest concentration. The Location Quotient of 0.49 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially less saturated but also possibly less robust demand for these roles. While the workforce size is not extensive, the lower concentration could imply opportunities for those entering the field.
Salary Overview
The average Accountants and Auditors in West Tennessee nonmetropolitan area earns-20.7%below the national average.
$36
$1,439
$6,237
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for West Tennessee's nonmetropolitan areas is not provided, it is generally assumed that salaries for Accountants and Auditors nationwide have experienced consistent growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations, which likely also impacts compensation in regional markets, albeit potentially at a different pace.
Accountants and Auditors Salary Distribution in West Tennessee nonmetropolitan area
Salary progression for Accountants and Auditors in West Tennessee's nonmetropolitan area, like elsewhere, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, with their increased responsibilities and specialized knowledge, can significantly boost earning potential. The gap between the 25th percentile (entry-level) and the 75th percentile (experienced) signifies the clear career advancement and earning potential available within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,710 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,130 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,060 | $32.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,550 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,090 | $57.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$74,840
Gross Pay
Real Wage (Purchasing Power)
$74,840
Adjusted for COL (100)
The average annual salary of $74,840 in West Tennessee's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant or Auditor'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 lifestyle to what one might expect in a national average cost-of-living area.
Job Market Context
550
Total Jobs
4.622
Per 1K Jobs
0.49
Location Quotient
At 0.49x, West Tennessee 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.
The Location Quotient of 0.49 for Accountants and Auditors in West Tennessee's nonmetropolitan area indicates that this profession is less prevalent than the national average. This suggests a market with potentially fewer specialized roles and a lower concentration of professionals in this field compared to the rest of the country. While this might mean less competition for available positions, it could also point to a smaller overall job market and fewer opportunities for career advancement within the immediate region.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Accountants and Auditors Salary | $86,870↑ 16% | 29 mi |
| Clarksville, TN-KY Accountants and Auditors Salary | $73,640↓ 2% | 67 mi |
| Huntsville, AL Accountants and Auditors Salary | $85,400↑ 14% | 73 mi |
| Decatur, AL Accountants and Auditors Salary | $75,730↑ 1% | 83 mi |
| Florence-Muscle Shoals, AL Accountants and Auditors Salary | $71,890↓ 4% | 84 mi |
Comparing salaries near West Tennessee nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in West Tennessee nonmetropolitan area?
The median annual salary for a Accountants and Auditors in West Tennessee nonmetropolitan area is $74,840. This typically ranges from $46,710 for entry-level positions to $120,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Tennessee nonmetropolitan area is 20.7% lower than the national median of $94,430.
Is West Tennessee nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, it is not considered particularly lucrative compared to national averages.The average salary of $74,840 is significantly lower than the national average of $94,430, despite a cost of living that matches the national average.
Is West Tennessee nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in West Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($86,870) and Clarksville, TN-KY.
How does the local workforce size affect job prospects?
A local workforce of 550 suggests a relatively small pool of professionals, which could mean less competition but also potentially fewer job openings compared to larger metropolitan areas.
What does a Location Quotient of 0.49 mean for Accountants and Auditors?
A Location Quotient below 1.0, like 0.49, signifies that Accountants and Auditors are less concentrated in West Tennessee's nonmetropolitan areas than the national average, indicating a less developed market for this specific profession.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $74,840 salary in West Tennessee has the same purchasing power as the national average, meaning expenses are neither significantly higher nor lower than the national norm.
Are there many job opportunities for Accountants and Auditors in this region?
The number of jobs per 1,000 workers (4.622) provides a localized metric for job availability, which should be considered alongside the overall workforce size and concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the West Tennessee nonmetropolitan area area with a job density of 4.622 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 Tennessee nonmetropolitan area