Average Accountants and Auditors Salary in Worcester, MA
Accountants and Auditors in Worcester, MA, command an impressive average annual salary of $95,370, slightly surpassing the national average of $94,430. This marginal outperformance suggests that the local economic landscape and demand within the Worcester area are robust enough to support slightly higher compensation for these vital financial professionals.
Executive Summary
- Average Salary: $95,370 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,650.
- Outlook: With a local workforce of 3,260 Accountants and Auditors, Worcester presents a stable employment base for this profession. The Location Quotient of 0.98 indicates that the concentration of these roles in Worcester is nearly on par with the national average, suggesting a consistent and reliable demand for accounting and auditing services within the region.
Salary Overview
The average Accountants and Auditors in Worcester, MA earns+1.0%above the national average.
$45.9
$1,834
$7,948
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary trends for Accountants and Auditors in Worcester have mirrored national patterns over the past four years, likely experiencing steady growth. Economic shifts and the increasing complexity of financial regulations typically drive up demand and, consequently, compensation for skilled professionals in this field.
Accountants and Auditors Salary Distribution in Worcester, MA
Salary progression for Accountants and Auditors in Worcester, MA, is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the substantial career growth and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,100 | $28.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,528 | $34.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,220 | $42.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,213 | $57.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,650 | $66.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$95,370
Gross Pay
Real Wage (Purchasing Power)
$95,370
Adjusted for COL (100)
The nominal average salary of $95,370 in Worcester, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Accountant's salary in Worcester is equivalent to the national average, indicating a balanced economic environment where earnings effectively cover living expenses.
Job Market Context
3,260
Total Jobs
9.251
Per 1K Jobs
0.98
Location Quotient
Worcester, MA has 0.98x 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 0.98 for Accountants and Auditors in Worcester signifies a job market that is closely aligned with the national distribution of this profession. This suggests a healthy, competitive environment where opportunities are readily available, but professionals may need to demonstrate strong qualifications to stand out amongst a similarly concentrated pool of talent.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Accountants and Auditors Salary | $94,730↓ 1% | 14 mi |
| Providence-Warwick, RI-MA Accountants and Auditors Salary | $96,450↑ 1% | 37 mi |
| Amherst Town-Northampton, MA Accountants and Auditors Salary | $88,830↓ 7% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Accountants and Auditors Salary | $103,570↑ 9% | 37 mi |
| Springfield, MA Accountants and Auditors Salary | $91,630↓ 4% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Accountants and Auditorss?
Frequently Asked Questions
How much does a Accountants and Auditors make in Worcester, MA?
The median annual salary for a Accountants and Auditors in Worcester, MA is $95,370. This typically ranges from $60,100 for entry-level positions to $138,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 1.0% higher than the national median of $94,430.
Is Worcester, MA a lucrative place for Accountants and Auditors?
Yes, Worcester, MA offers a lucrative environment for Accountants and Auditors.The average salary of $95,370 is slightly above the national average, and with a cost of living index of 100, your earnings will have strong purchasing power.
Is Worcester, MA a good place to live for Accountants and Auditors?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($94,730) and Providence-Warwick, RI-MA.
How does Worcester's Accountant salary compare to the national average?
The average annual salary for Accountants and Auditors in Worcester, MA, is $95,370, which is slightly higher than the national average of $94,430.
What is the concentration of Accountants and Auditors in Worcester?
Worcester has a Location Quotient of 0.98 for Accountants and Auditors, indicating a concentration that is very close to the national average.
How does the cost of living in Worcester affect salary perception?
With a Cost of Living Index of 100, Worcester's living expenses are exactly at the national average, meaning the $95,370 salary offers purchasing power equivalent to the national average.
What is the total number of Accountants and Auditors in Worcester?
There are approximately 3,260 Accountants and Auditors employed in the Worcester, MA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,260 employees in the Worcester, MA area with a job density of 9.251 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 Worcester, MA