Average Tax Preparers Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Tax Preparers in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an impressive average annual salary of $63,080. This figure surpasses the national average of $58,860, indicating a localized premium for these essential financial professionals. The economic landscape and demand within this metropolitan region contribute to this elevated compensation.
Executive Summary
- Average Salary: $63,080 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,990.
- Outlook: With a local workforce of 1,480 Tax Preparers, the Philadelphia-Camden-Wilmington area demonstrates a stable presence in this profession. The Location Quotient of 1.08 suggests a slightly higher concentration of these roles compared to the national average, implying a steady demand that supports the current employment levels.
Salary Overview
The average Tax Preparers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+7.2%above the national average.
$30.3
$1,213
$5,257
Tax Preparers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tax Preparers in the Philadelphia-Camden-Wilmington region have experienced growth over the past four years, mirroring national trends of increasing compensation for skilled financial roles. This upward trajectory is likely driven by evolving tax laws and a consistent need for expert tax assistance.
Tax Preparers Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Tax Preparers in Philadelphia-Camden-Wilmington typically correlates with experience. Entry-level positions may start closer to the lower percentiles of the salary range, while seasoned professionals with extensive experience and specialized knowledge can command salaries in the higher percentiles. The gap between these levels signifies substantial earning potential as one advances in their career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,470 | $15.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,310 | $22.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,130 | $27.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,850 | $37.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,990 | $48.1 |
Detailed Tax Preparers Market Analysis
Relocation Context
Nominal Salary
$63,080
Gross Pay
Real Wage (Purchasing Power)
$63,080
Adjusted for COL (100)
The average annual salary of $63,080 in Philadelphia-Camden-Wilmington aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the purchasing power of a Tax Preparer's salary in this region is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
1,480
Total Jobs
0.516
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Tax Preparers roles compared to the national norm.
The Location Quotient of 1.08 for Tax Preparers in Philadelphia-Camden-Wilmington indicates a market where this profession is slightly more concentrated than the national average. This suggests a healthy and competitive job market, with employers actively seeking qualified individuals, potentially leading to more opportunities and competitive compensation packages for skilled professionals.
Nearby Job Markets
Nearby Cities for Tax Preparers
| City | Salary | Dist. |
|---|---|---|
| Vineland, NJ Tax Preparers Salary | $45,570↓ 28% | 35 mi |
| Reading, PA Tax Preparers Salary | $51,780↓ 18% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Tax Preparerss?
Frequently Asked Questions
How much does a Tax Preparers make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Tax Preparers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $63,080. This typically ranges from $31,470 for entry-level positions to $99,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 7.2% higher than the national median of $58,860.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Tax Preparerss?
Yes, it is a lucrative place for Tax Preparers.The average salary of $63,080 is higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Tax Preparers?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Vineland, NJ ($45,570) and Reading, PA.
How does the average Tax Preparer salary in Philadelphia compare to the national average?
The average annual salary for Tax Preparers in Philadelphia-Camden-Wilmington is $63,080, which is notably higher than the national average of $58,860.
What is the concentration of Tax Preparers in the Philadelphia area?
The Philadelphia-Camden-Wilmington area has a Location Quotient of 1.08 for Tax Preparers, meaning the profession is slightly more concentrated here than the national average.
How does the cost of living in Philadelphia affect the salary for Tax Preparers?
With a Cost of Living Index of 100, the Philadelphia-Camden-Wilmington area has a cost of living that matches the national average. Therefore, the higher local salary provides purchasing power equivalent to the national average.
What does the number of Tax Preparers in Philadelphia suggest about the job market?
A local workforce of 1,480 Tax Preparers indicates a substantial presence of this profession, suggesting a robust demand and a significant number of available positions within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,480 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.516 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD