Average Tax Preparers Salary in Durham-Chapel Hill, NC
Tax Preparers in the Durham-Chapel Hill, NC area earn an average annual salary of $55,070. This figure is slightly below the national average of $58,860, suggesting localized economic factors or a different market dynamic at play. While the nominal pay may be lower, the cost of living in Durham-Chapel Hill aligns perfectly with the national average, indicating the purchasing power of this salary is comparable.
Executive Summary
- Average Salary: $55,070 per year.
- Growth Trend: Salaries have shifted 16.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $83,670.
- Outlook: The Durham-Chapel Hill area supports a dedicated workforce of 240 Tax Preparers, with a Location Quotient of 1.46 indicating a higher concentration of these professionals than the national average. This suggests a robust local demand for tax preparation services, potentially driven by the region's economic activity and population density. The presence of nearly 0.7 jobs per 1,000 workers further underscores the consistent need for skilled tax professionals in this market.
Salary Overview
The average Tax Preparers in Durham-Chapel Hill, NC earns-6.4%below the national average.
$26.5
$1,059
$4,589
Tax Preparers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tax Preparers in Durham-Chapel Hill have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving tax laws, and increased demand for specialized financial services typically contribute to incremental salary increases within this profession.
Tax Preparers Salary Distribution in Durham-Chapel Hill, NC
Career progression for Tax Preparers in Durham-Chapel Hill, as elsewhere, is typically marked by increasing compensation. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized knowledge can command salaries significantly higher than the average. The salary distribution, with clear gaps between experience levels, signifies ample opportunity for career advancement and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,260 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,303 | $19.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,360 | $22.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,838 | $33.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $83,670 | $40.2 |
Detailed Tax Preparers Market Analysis
Relocation Context
Nominal Salary
$55,070
Gross Pay
Real Wage (Purchasing Power)
$55,070
Adjusted for COL (100)
The average annual salary of $55,070 in Durham-Chapel Hill, NC, is perfectly balanced by a Cost of Living Index of 100, which is the national average. This means that the nominal salary translates directly into national average purchasing power, making it neither a particularly high nor low-paying market from a cost-of-living-adjusted perspective. Relocating professionals can expect their earnings to cover expenses at a rate consistent with the rest of the country.
Job Market Context
240
Total Jobs
0.696
Per 1K Jobs
1.46
Location Quotient
With a location quotient of 1.46, Durham-Chapel Hill, NC has a slightly higher-than-average concentration of Tax Preparers roles compared to the national norm.
With a Location Quotient of 1.46, the Durham-Chapel Hill metropolitan area exhibits a notable concentration of Tax Preparers relative to the national average. This suggests that the job market here is more specialized and potentially more competitive, or that there is a higher demand for these services compared to other regions. While not an overwhelmingly saturated market, the elevated quotient indicates a significant presence of tax preparation expertise.
Nearby Job Markets
Nearby Cities for Tax Preparers
| City | Salary | Dist. |
|---|---|---|
| Burlington, NC Tax Preparers Salary | $48,570↓ 12% | 32 mi |
| Greensboro-High Point, NC Tax Preparers Salary | $51,760↓ 6% | 52 mi |
| Eastern North Carolina nonmetropolitan area Tax Preparers Salary | $50,610↓ 8% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
Hiring Tax Preparerss?
Frequently Asked Questions
How much does a Tax Preparers make in Durham-Chapel Hill, NC?
The median annual salary for a Tax Preparers in Durham-Chapel Hill, NC is $55,070. This typically ranges from $33,260 for entry-level positions to $83,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 6.4% lower than the national median of $58,860.
Is Durham-Chapel Hill, NC a lucrative place for Tax Preparers?
Yes, with caveats.The average salary of $55,070 is slightly below the national average, but the cost of living is also at the national average, meaning purchasing power is comparable. The higher concentration of Tax Preparers suggests consistent demand.
Is Durham-Chapel Hill, NC a good place to live for Tax Preparers?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Burlington, NC ($48,570) and Greensboro-High Point, NC.
How does the Durham-Chapel Hill salary compare to the national average?
The average salary for Tax Preparers in Durham-Chapel Hill is $55,070, which is slightly lower than the national average of $58,860.
What is the Cost of Living in Durham-Chapel Hill, NC?
The Cost of Living Index in Durham-Chapel Hill is 100, which is exactly the national average, indicating that expenses for goods and services are comparable to the rest of the United States.
Is there high demand for Tax Preparers in Durham-Chapel Hill?
The Location Quotient of 1.46 suggests a higher concentration of Tax Preparers than the national average, indicating a robust local demand for these services.
What does the Location Quotient of 1.46 mean for Tax Preparers?
A Location Quotient of 1.46 signifies that Tax Preparers are more concentrated in Durham-Chapel Hill than the national average, implying a specialized market with potentially strong demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Durham-Chapel Hill, NC area with a job density of 0.696 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Tax Preparers • Data source: BLS OEWS 2024 •Jobs in Durham-Chapel Hill, NC