Average Accountants and Auditors Salary in Western North Carolina nonmetropolitan area
Accountants and Auditors in the Western North Carolina nonmetropolitan area earn an average annual salary of $79,020. This figure is notably below the national average of $94,430, reflecting the unique economic dynamics and potentially lower demand for specialized financial roles in nonmetropolitan regions. The specific pay scale in this area is influenced by local industry needs and the overall cost of doing business outside of major urban centers.
Executive Summary
- Average Salary: $79,020 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,940.
- Outlook: With a local workforce of 1,440 Accountants and Auditors, the job market in Western North Carolina's nonmetropolitan area presents a moderate presence. The Location Quotient of 0.6 indicates that this profession is less concentrated here compared to the national average, suggesting that while opportunities exist, they may not be as abundant or as rapidly expanding as in more populous or economically diverse regions.
Salary Overview
The average Accountants and Auditors in Western North Carolina nonmetropolitan area earns-16.3%below the national average.
$38
$1,520
$6,585
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Accountants and Auditors in Western North Carolina's nonmetropolitan area have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving business needs likely contribute to a steady, albeit potentially modest, increase in compensation for these vital financial professionals.
Accountants and Auditors Salary Distribution in Western North Carolina nonmetropolitan area
Salary progression for Accountants and Auditors in this region, as elsewhere, is typically tied to experience and specialization. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise, certifications, and leadership responsibilities will see significant increases. The widening gap between lower and higher percentile salaries underscores the substantial career advancement and earning potential available to dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,830 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,265 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,910 | $33.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,775 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,940 | $58.1 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$79,020
Gross Pay
Real Wage (Purchasing Power)
$79,020
Adjusted for COL (100)
The average annual salary of $79,020 in Western North Carolina's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of an Accountant's earnings in this region is equivalent to that of their counterparts in a typical U.S. location, offering a stable financial foundation.
Job Market Context
1,440
Total Jobs
5.627
Per 1K Jobs
0.6
Location Quotient
Western North Carolina nonmetropolitan area has 0.60x 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 0.6 for Accountants and Auditors in Western North Carolina's nonmetropolitan area signifies that the concentration of these professionals is below the national average. This suggests a less saturated job market, which could translate into more opportunities for skilled individuals seeking employment, though it also implies a potentially smaller pool of specialized talent available locally.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Accountants and Auditors Salary | $85,840↑ 9% | 32 mi |
| Pinehurst-Southern Pines, NC Accountants and Auditors Salary | $81,450↑ 3% | 36 mi |
| Burlington, NC Accountants and Auditors Salary | $84,070↑ 6% | 36 mi |
| Winston-Salem, NC Accountants and Auditors Salary | $83,750↑ 6% | 41 mi |
| Durham-Chapel Hill, NC Accountants and Auditors Salary | $96,370↑ 22% | 56 mi |
Comparing salaries near Western North Carolina nonmetropolitan area
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Frequently Asked Questions
How much does a Accountants and Auditors make in Western North Carolina nonmetropolitan area?
The median annual salary for a Accountants and Auditors in Western North Carolina nonmetropolitan area is $79,020. This typically ranges from $47,830 for entry-level positions to $120,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western North Carolina nonmetropolitan area is 16.3% lower than the national median of $94,430.
Is Western North Carolina nonmetropolitan area a lucrative place for Accountants and Auditorss?
No, not when compared to the national average.The average salary of $79,020 is significantly lower than the national average of $94,430, although the cost of living is on par with the national average.
Is Western North Carolina nonmetropolitan area a good place to live for Accountants and Auditors?
The Cost of Living Index in Western North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($85,840) and Pinehurst-Southern Pines, NC.
How does the local workforce size impact job availability for Accountants and Auditors?
A local workforce of 1,440 indicates a substantial number of professionals, suggesting a stable demand for Accountants and Auditors within the region's economy.
What does a Location Quotient of 0.6 mean for Accountants and Auditors in this area?
A Location Quotient below 1.0, like 0.6, means that Accountants and Auditors are less concentrated in this nonmetropolitan area compared to the national average, potentially indicating fewer specialized roles but also less competition.
How does the Cost of Living Index affect the real value of an Accountant's salary?
With a Cost of Living Index of 100, the average salary of $79,020 offers purchasing power equivalent to the national average, meaning your earnings will stretch similarly to the rest of the country.
Are there significant salary differences based on experience for Accountants and Auditors in Western North Carolina?
Yes, experience plays a crucial role, with entry-level positions earning less and senior roles commanding higher salaries, reflecting a clear career progression path and earning potential.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,440 employees in the Western North Carolina nonmetropolitan area area with a job density of 5.627 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 Western North Carolina nonmetropolitan area