There are greater than million accountants employed in america, serving to small companies carry on prime of their funds.
The typical annual salary of an accountant is $79,250. With the wage of accountants fluctuating fairly considerably relying on geographical location, Enterprise.org., researchers of the very best enterprise services and products to cater for small enterprise wants, carried out research into the very best and worst states for accountants in 2021
Enterprise.org used information from the US Bureau of Labor’s annual occupational employment stats to search out the typical state wage for accountants. The researchers in contrast every state’s common accounting wage to the state’s total wage to get the rankings.
Greatest States for Accountants to Make Cash
Mississippi ranked highest on the listing, with accountants making 63% greater than the typical employee within the state. The typical wage for an accountant in Mississippi is $65,420 and the median wage of all occupants in $40,090.
Oklahoma is the second highest paying state for accountants in comparison with the typical wage of all occupations. Incomes a median $74,130 a yr, accountants receives a commission 62% greater than the typical occupant wage of $45,620.
Accountants Paid the Most in DC, However …
Washington DC pays accountants the best wage in the entire of america. Nonetheless, accountants in Washington DC solely make 15.7% greater than the typical wage. With excessive residing prices within the state, Washington DC is regarded the more severe space for accountants.
Eight of the states in Enterprise.org’s prime ten states are within the South, the place the price of residing is decrease than the nationwide common, that means accountants’ will stretch additional.
For accountants desirous to relocate or anybody fascinated with beginning up as an accountant and on the lookout for essentially the most worthwhile area, Enterprise.org’s analysis supplies beneficial perception. Because the authors of the report be aware:
“Being an accountant is an effective gig regardless of the place you’ve put down roots. However if you wish to up your earnings a bit (or for those who’re prepared to take a pay minimize in a state the place every greenback goes so much farther), relocating to one in every of our prime ten states could possibly be your greatest profession transfer but.”
One other key discovering of the report is that whereas South Dakota is within the prime ten greatest states for accountants making essentially the most cash, North Dakota is the third-worse. In North Dakota, an accountant earns a median $64,260 a yr, simply 20% greater than the typical occupant’s wage of $54,930.
District of Columbia Ranks the Worst for Accountants Making Cash
The District of Columbia ranks in final place on Enterprise.org’s listing the place regardless of incomes a formidable common wage of $103,930, the typical wage of occupants is $89,800, that means accountants solely earn 16% larger than the typical wage.
For accountants trying to maximize their earnings the ‘Greatest Paying States for Accountants’ report supplies an fascinating snapshot of the place professionals in accountancy ought to settle and put down their roots.