Average Tax Preparers Salary in Winston-Salem, NC
Tax Preparers in Winston-Salem, NC earn an average annual salary of $52,050. This figure is notably below the national average of $58,860, reflecting regional economic factors and demand specific to the North Carolina market. The local compensation is influenced by the concentration of tax preparation services and the overall economic landscape of the Winston-Salem area.
Executive Summary
- Average Salary: $52,050 per year.
- Growth Trend: Salaries have shifted 73.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,420.
- Outlook: Winston-Salem boasts a dedicated workforce of 210 Tax Preparers, with a location quotient of 1.6, indicating a higher concentration of these professionals compared to the national average. This suggests a robust local demand for tax preparation services, even with a moderate number of jobs per 1,000 workers (0.764). The presence of a concentrated talent pool points to a stable, albeit not rapidly expanding, job market for tax professionals in the region.
Salary Overview
The average Tax Preparers in Winston-Salem, NC earns-11.6%below the national average.
$25
$1,001
$4,338
Tax Preparers Salary Trends (2020-2024)
While specific historical data for Winston-Salem is not provided, it's reasonable to assume that salaries for Tax Preparers have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving tax laws, and increasing demand for specialized financial services likely contribute to a steady upward trajectory in compensation for experienced professionals in this field.
Tax Preparers Salary Distribution in Winston-Salem, NC
Salary progression for Tax Preparers in Winston-Salem typically correlates with experience. Entry-level positions may start at a lower percentile of the pay scale, while senior Tax Preparers with extensive experience and specialized knowledge can command salaries significantly above the average. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,060 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,038 | $18.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,040 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,063 | $31.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,420 | $32.9 |
Detailed Tax Preparers Market Analysis
Relocation Context
Nominal Salary
$52,050
Gross Pay
Real Wage (Purchasing Power)
$52,050
Adjusted for COL (100)
With a Cost of Living Index of 100, Winston-Salem's cost of living is precisely at the national average. This means the nominal average salary of $52,050 for Tax Preparers offers purchasing power equivalent to the national average. While the salary is lower than the national average, the stable cost of living ensures that the take-home pay maintains a comparable standard of living to that of a Tax Preparer in a higher-cost national average city.
Job Market Context
210
Total Jobs
0.764
Per 1K Jobs
1.6
Location Quotient
Winston-Salem, NC has 1.6x the national concentration of Tax Preparers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.6 for Tax Preparers in Winston-Salem signifies a market that is 60% more concentrated than the national average. This indicates a strong presence and potentially higher demand for these services relative to the general workforce. While the total workforce is modest, the concentration suggests that Tax Preparers are a more prominent occupational group in Winston-Salem, potentially leading to competitive opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Tax Preparers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Tax Preparers Salary | $51,760↓ 1% | 23 mi |
| Eastern North Carolina nonmetropolitan area Tax Preparers Salary | $50,610↓ 3% | 41 mi |
| Central North Carolina nonmetropolitan area Tax Preparers Salary | $57,490↑ 10% | 41 mi |
| Burlington, NC Tax Preparers Salary | $48,570↓ 7% | 43 mi |
Comparing salaries near Winston-Salem, NC
Hiring Tax Preparerss?
Frequently Asked Questions
How much does a Tax Preparers make in Winston-Salem, NC?
The median annual salary for a Tax Preparers in Winston-Salem, NC is $52,050. This typically ranges from $35,060 for entry-level positions to $68,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 11.6% lower than the national median of $58,860.
Is Winston-Salem, NC a lucrative place for Tax Preparers?
No, not significantly more lucrative than the national average.While the cost of living is average, the average salary for Tax Preparers in Winston-Salem is below the national average. However, the high location quotient suggests a strong local market presence.
Is Winston-Salem, NC a good place to live for Tax Preparers?
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 ($51,760) and Eastern North Carolina nonmetropolitan area.
How does Winston-Salem's Tax Preparer salary compare to the national average?
The average annual salary for Tax Preparers in Winston-Salem, NC is $52,050, which is lower than the national average of $58,860.
What is the concentration of Tax Preparers in Winston-Salem?
Winston-Salem has a Location Quotient of 1.6 for Tax Preparers, indicating a concentration that is 60% higher than the national average.
Does the cost of living affect the value of a Tax Preparer's salary in Winston-Salem?
No, the cost of living in Winston-Salem is exactly at the national average (100), meaning the $52,050 salary has average purchasing power.
What does the total local workforce size suggest about the Tax Preparer job market?
With 210 Tax Preparers, the local workforce is modest, suggesting a stable rather than rapidly growing job market, supported by the higher concentration (LQ) of professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Winston-Salem, NC area with a job density of 0.764 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 Winston-Salem, NC