Average Accountants and Auditors Salary in Winston-Salem, NC
Accountants and Auditors in Winston-Salem, NC, earn an average annual salary of $83,750. This figure is notably below the national average of $94,430, suggesting that local market dynamics and potentially a different economic landscape influence compensation in this North Carolina city. While the average salary is lower, the cost of living in Winston-Salem aligns perfectly with the national average, which is a critical factor in understanding real purchasing power.
Executive Summary
- Average Salary: $83,750 per year.
- Growth Trend: Salaries have shifted 12.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,120.
- Outlook: Winston-Salem supports a local workforce of approximately 2,000 Accountants and Auditors. With a Location Quotient of 0.78, the concentration of these professionals is slightly below the national average, indicating a stable but not exceptionally high demand relative to other occupations. The presence of 7.319 jobs per 1,000 workers suggests a consistent need for accounting services within the local economy, providing a solid foundation for employment opportunities.
Salary Overview
The average Accountants and Auditors in Winston-Salem, NC earns-11.3%below the national average.
$40.3
$1,611
$6,979
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data for Winston-Salem's Accountant and Auditor salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing demand for financial expertise typically drive salary increases in most professional fields. Therefore, professionals in this role likely have experienced modest but steady salary growth, enhancing their earning potential over time.
Accountants and Auditors Salary Distribution in Winston-Salem, NC
Salary progression for Accountants and Auditors in Winston-Salem, as elsewhere, is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior accountants and auditors with specialized knowledge or management responsibilities can earn significantly more. The widening gap between entry-level and senior-level salaries reflects the increasing value placed on expertise, strategic financial planning, and leadership within the accounting profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,290 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,813 | $30.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,610 | $36.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,688 | $50.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,120 | $63.5 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$83,750
Gross Pay
Real Wage (Purchasing Power)
$83,750
Adjusted for COL (100)
The average annual salary of $83,750 in Winston-Salem, NC, when considered against a Cost of Living Index of 100 (which is the national average), indicates that the nominal salary holds its purchasing power effectively relative to the rest of the country. This means that while the absolute salary is lower than the national average, the cost of essential goods and services is not higher, suggesting that the take-home pay can support a comparable lifestyle to that enjoyed in higher-cost areas with higher nominal salaries.
Job Market Context
2,000
Total Jobs
7.319
Per 1K Jobs
0.78
Location Quotient
Winston-Salem, NC has 0.78x 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.
Winston-Salem's Location Quotient of 0.78 for Accountants and Auditors signifies that the city has a slightly lower concentration of these professionals compared to the national average. This suggests that the job market may be less saturated than in major metropolitan hubs, potentially offering a more balanced environment for job seekers. While not a major hub for this profession, the steady number of jobs per 1,000 workers indicates a consistent demand that is met by the local talent pool.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Accountants and Auditors Salary | $85,840↑ 2% | 23 mi |
| Eastern North Carolina nonmetropolitan area Accountants and Auditors Salary | $82,530↓ 1% | 41 mi |
| Western North Carolina nonmetropolitan area Accountants and Auditors Salary | $79,020↓ 6% | 41 mi |
| Central North Carolina nonmetropolitan area Accountants and Auditors Salary | $77,440↓ 8% | 41 mi |
| Burlington, NC Accountants and Auditors Salary | $84,070↑ 0% | 43 mi |
Comparing salaries near Winston-Salem, NC
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Frequently Asked Questions
How much does a Accountants and Auditors make in Winston-Salem, NC?
The median annual salary for a Accountants and Auditors in Winston-Salem, NC is $83,750. This typically ranges from $47,290 for entry-level positions to $132,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 11.3% lower than the national median of $94,430.
Is Winston-Salem, NC a lucrative place for Accountants and Auditors?
No, not exceptionally lucrative compared to the national average.While the cost of living is at the national average, the average salary of $83,750 is below the national benchmark of $94,430. This indicates that while your money may go further locally, the overall earning potential is less than the national average.
Is Winston-Salem, NC a good place to live for Accountants and Auditors?
The Cost of Living Index in Winston-Salem, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winston-Salem, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($85,840) and Eastern North Carolina nonmetropolitan area.
How does Winston-Salem's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Winston-Salem, NC is $83,750, which is lower than the national average of $94,430.
What is the Cost of Living in Winston-Salem, NC for Accountants and Auditors?
The Cost of Living Index in Winston-Salem, NC is 100, which is exactly the national average. This means that the cost of goods and services is comparable to the rest of the United States.
How concentrated is the Accountant and Auditor job market in Winston-Salem?
Winston-Salem has a Location Quotient of 0.78 for Accountants and Auditors, indicating a slightly lower concentration of these professionals compared to the national average.
What is the total workforce size for Accountants and Auditors in Winston-Salem?
There are approximately 2,000 Accountants and Auditors employed in Winston-Salem, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,000 employees in the Winston-Salem, NC area with a job density of 7.319 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 Winston-Salem, NC