Average Tax Preparers Salary in Oklahoma City, OK
Tax Preparers in Oklahoma City, OK, earn an average annual salary of $44,120. This figure is notably below the national average of $58,860, suggesting that local market dynamics and potentially a lower cost of living contribute to this compensation difference. Understanding these localized pay scales is crucial for professionals in the field.
Executive Summary
- Average Salary: $44,120 per year.
- Growth Trend: Salaries have shifted 0.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,240.
- Outlook: The job market for Tax Preparers in Oklahoma City appears stable, with a total local workforce of 480 individuals. The Location Quotient of 1.49 indicates a higher concentration of these professionals compared to the national average, suggesting a consistent demand within the region that supports this workforce size.
Salary Overview
The average Tax Preparers in Oklahoma City, OK earns-25.0%below the national average.
$21.2
$848
$3,677
Tax Preparers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tax Preparers in Oklahoma City have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving tax laws, and increased demand for tax services likely contribute to a steady upward trajectory in compensation.
Tax Preparers Salary Distribution in Oklahoma City, OK
Salary progression for Tax Preparers in Oklahoma City typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive knowledge and a proven track record can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,630 | $13.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,090 | $15.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,890 | $18.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $55,150 | $26.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,240 | $37.1 |
Detailed Tax Preparers Market Analysis
Relocation Context
Nominal Salary
$44,120
Gross Pay
Real Wage (Purchasing Power)
$44,120
Adjusted for COL (100)
The average annual salary of $44,120 for Tax Preparers in Oklahoma City aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Oklahoma City Tax Preparer's salary is equivalent to that of a Tax Preparer earning the national average salary in a location with average living expenses.
Job Market Context
480
Total Jobs
0.712
Per 1K Jobs
1.49
Location Quotient
With a location quotient of 1.49, Oklahoma City, OK has a slightly higher-than-average concentration of Tax Preparers roles compared to the national norm.
With a Location Quotient of 1.49, Oklahoma City demonstrates a concentration of Tax Preparers that is 49% higher than the national average. This suggests a robust and potentially competitive market for these professionals, indicating that employers in the area actively seek out and employ a significant number of tax preparation specialists.
Nearby Job Markets
Nearby Cities for Tax Preparers
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Tax Preparers Salary | $44,690↑ 1% | 34 mi |
| Northeast Oklahoma nonmetropolitan area Tax Preparers Salary | $40,400↓ 8% | 34 mi |
| Southwest Oklahoma nonmetropolitan area Tax Preparers Salary | $31,570↓ 28% | 34 mi |
| Northwest Oklahoma nonmetropolitan area Tax Preparers Salary | $40,370↓ 8% | 34 mi |
Comparing salaries near Oklahoma City, OK
Hiring Tax Preparerss?
Frequently Asked Questions
How much does a Tax Preparers make in Oklahoma City, OK?
The median annual salary for a Tax Preparers in Oklahoma City, OK is $44,120. This typically ranges from $27,630 for entry-level positions to $77,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oklahoma City, OK is 25.0% lower than the national median of $58,860.
Is Oklahoma City, OK a lucrative place for Tax Preparers?
No, it is not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $44,120 is substantially lower than the national average of $58,860. The higher concentration of Tax Preparers suggests a competitive market, which may also influence salary levels.
Is Oklahoma City, OK a good place to live for Tax Preparers?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($44,690) and Northeast Oklahoma nonmetropolitan area.
How does the Oklahoma City Tax Preparer salary compare to the national average?
The average annual salary for Tax Preparers in Oklahoma City is $44,120, which is significantly lower than the national average of $58,860.
What does the Location Quotient of 1.49 mean for Tax Preparers in Oklahoma City?
A Location Quotient of 1.49 indicates that Tax Preparers are 49% more concentrated in Oklahoma City than the national average, suggesting a strong presence and demand for these professionals in the local job market.
Does the cost of living in Oklahoma City affect the Tax Preparer salary?
The cost of living in Oklahoma City is at the national average (100). This means the lower salary of $44,120 has the same purchasing power as the national average salary in a location with average living costs.
What is the total number of Tax Preparers in Oklahoma City?
There are approximately 480 Tax Preparers employed in Oklahoma City, contributing to the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Oklahoma City, OK area with a job density of 0.712 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 Oklahoma City, OK