
Accountants in New York City earn more than in any other U.S. city, Bloomberg reported, based on a recent analysis.
The analysis was performed by workforce intelligence firm Revelio Labs; its findings were adjusted based on median income levels in cities.
A
New York accountant’s adjusted median salary is $95,308, Revelio
found. By contrast, the lowest adjusted median salary for an accountant
is in Dallas, at $65,189—a 46 percent differential.
That may
still not add up to much, given the cost of living in expensive cities
such as New York, San Francisco or Honolulu. A New York City salary of
$312,000 is needed to net $100,000 after taxes and cost of living
adjustments, Bloomberg reported in April, using analysis by financial information provider SmartAsset.
“Many
factors impact salaries in a city—the types of employers present, the
overall income and cost of living there, and the relative supply and
demand for a role,” said Lisa Simon, senior economist at Revelio. “In
absolute terms, a data scientist may make the most in San Francisco, but
that is no longer true when we adjust for the cost of living there. For
nurses, the best place is the relatively remote Bakersfield,
California, while accountants benefit from being in the city close to
where their clients are.”
While working as an accountant may be more
lucrative in New York, that is not so for economists, according to the
analysis. They make 35 percent more in Seattle.