Average Accountants and Auditors Salary in Wichita, KS
Accountants and Auditors in Wichita, KS, earn an average annual salary of $78,500. This figure is notably below the national average of $94,430, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the Wichita metropolitan area. While the nominal salary is lower, understanding the local market dynamics is crucial for professionals in this field.
Executive Summary
- Average Salary: $78,500 per year.
- Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,550.
- Outlook: The Wichita market for Accountants and Auditors is stable, with a total local workforce of 2,990 professionals. The Location Quotient of 1.04 indicates a concentration of these roles that is slightly above the national average, suggesting a consistent, albeit not rapidly expanding, demand for accounting and auditing services within the region. This steady presence points to a robust job market that supports existing professionals.
Salary Overview
The average Accountants and Auditors in Wichita, KS earns-16.9%below the national average.
$37.7
$1,510
$6,542
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Wichita's Accountant and Auditor salaries over the past four years was not provided, it is reasonable to assume a general upward trend in compensation, mirroring national economic patterns. Across the United States, the accounting profession has seen steady salary growth driven by increasing regulatory complexity and the demand for financial expertise. Wichita likely experienced similar, albeit potentially more moderate, salary increases.
Accountants and Auditors Salary Distribution in Wichita, KS
Salary progression for Accountants and Auditors in Wichita, KS, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The gap between starting and senior-level salaries signifies substantial career growth opportunities and the increasing value placed on expertise and responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,620 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,875 | $28.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,890 | $36 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,125 | $47.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,550 | $57 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$78,500
Gross Pay
Real Wage (Purchasing Power)
$78,500
Adjusted for COL (100)
The average annual salary of $78,500 for Accountants and Auditors in Wichita, KS, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the Wichita salary is equivalent to the national average, offering a balanced financial standing for professionals relocating to or residing in the area.
Job Market Context
2,990
Total Jobs
9.747
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Wichita, KS has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
With a Location Quotient of 1.04, Wichita, KS, demonstrates a slightly higher concentration of Accountants and Auditors compared to the national average. This suggests a healthy and competitive job market where demand is present and perhaps even marginally exceeds the national average for this profession. While not a major hub, the market is well-established and offers opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Kansas nonmetropolitan area Accountants and Auditors Salary | $75,800↓ 3% | 67 mi |
| Enid, OK Accountants and Auditors Salary | $79,300↑ 1% | 93 mi |
Comparing salaries near Wichita, KS
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Wichita, KS?
The median annual salary for a Accountants and Auditors in Wichita, KS is $78,500. This typically ranges from $49,620 for entry-level positions to $118,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wichita, KS is 16.9% lower than the national median of $94,430.
Is Wichita, KS a lucrative place for Accountants and Auditorss?
No, not exceptionally lucrative compared to the national average.While the average salary of $78,500 is at the national average for cost of living, it falls significantly below the national average salary for Accountants and Auditors. This indicates that while your money may go as far, the nominal income potential is lower than in many other regions.
Is Wichita, KS a good place to live for Accountants and Auditors?
The Cost of Living Index in Wichita, KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wichita, KS?
Some top paying nearby cities include Kansas nonmetropolitan area ($75,800) and Enid, OK.
How does the Wichita Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Wichita, KS, is $78,500, which is approximately $15,930 less than the national average of $94,430.
What is the significance of the Location Quotient in Wichita?
A Location Quotient of 1.04 means that Wichita has a slightly higher concentration of Accountants and Auditors jobs per worker compared to the national average, indicating a stable and slightly above-average demand for these professionals in the local market.
How does the cost of living in Wichita affect the salary?
Wichita's Cost of Living Index is 100, matching the national average. This means the $78,500 salary has the same purchasing power in Wichita as the national average salary has across the country, making it a financially neutral location in terms of cost of living.
What is the total number of Accountants and Auditors in Wichita?
There are approximately 2,990 Accountants and Auditors employed in the Wichita, KS area, representing a significant portion of the local professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,990 employees in the Wichita, KS area with a job density of 9.747 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 Wichita, KS