The 10 States With The Highest Accountant Salaries For 2019

Chris Kolmar
by Chris Kolmar
Best States For Professions, Rankings - 4 days ago

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Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do accountants get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for accountants by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

To better understand how salaries change across America, we decided to take a look the most recent data from the Bureau of Labor Statistics on average pay for accountants by state.

Additionally, we wanted to adjust the salary based on the cost of living in a state — because your salary goes further in North Carolina than it does in California.

The state with the best salary for accountants after this adjustment? That would be Accountants And Auditors.

Here’s a quick snapshot of the top ten states for salaries:

  1. Texas
  2. Illinois
  3. Virginia
  4. Michigan
  5. Georgia
  6. Oklahoma
  7. North Carolina
  8. Colorado
  9. Indiana
  10. Tennessee

Let’s take a look at how we got here and a full ranking of all the states.

If you’re interested, you can read more about the job scene here:

How we determined pay by state

As we mentioned earlier, we took the average annual salary data for accountants from the 2018 Bureau of Labor Statistics — specifically their ‘Occupational Employment Statistics.’

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state.

We then created an index by dividing the average wage for a state by the cost of living relative to average. As an example, the cost of living index in California is 135.9 and the average pay is $84430, so our index value would be:

$84,430 * (100 / 135.9) = $62,126

We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for accountants.

Here’s a look at the full ranking for all states.

For more reading, check out:

Detailed List Of Accountant Salaries By State

Rank State Adjusted Salary Average Wage Cost Of Living
1 Texas $88,423 $80,200 90.7
2 Illinois $85,687 $81,060 94.6
3 Virginia $84,960 $85,640 100.8
4 Michigan $83,561 $74,370 89.0
5 Georgia $83,074 $75,930 91.4
6 Oklahoma $81,883 $73,040 89.2
7 North Carolina $81,874 $76,880 93.9
8 Colorado $79,306 $82,320 103.8
9 Indiana $79,083 $70,780 89.5
10 Tennessee $77,953 $69,690 89.4
11 Arkansas $77,726 $67,700 87.1
12 Missouri $77,699 $70,240 90.4
13 Ohio $77,153 $72,370 93.8
14 Alabama $77,094 $70,310 91.2
15 Delaware $77,041 $78,120 101.4
16 Utah $76,322 $70,980 93.0
17 Washington $75,066 $78,970 105.2
18 Pennsylvania $74,211 $75,250 101.4
19 New Jersey $74,159 $90,400 121.9
20 Nebraska $74,148 $67,920 91.6
21 Kentucky $74,121 $67,080 90.5
22 Kansas $74,004 $66,530 89.9
23 Iowa $73,659 $67,030 91.0
24 New York $73,511 $96,300 131.0
25 Mississippi $73,166 $62,850 85.9
26 Florida $73,031 $71,790 98.3
27 West Virginia $72,976 $68,160 93.4
28 Wyoming $72,091 $66,180 91.8
29 Minnesota $71,904 $72,480 100.8
30 Idaho $71,780 $66,110 92.1
31 Wisconsin $70,671 $68,410 96.8
32 Arizona $70,602 $69,190 98.0
33 Louisiana $70,527 $66,860 94.8
34 New Mexico $68,777 $66,370 96.5
35 Rhode Island $67,183 $81,090 120.7
36 Connecticut $66,476 $84,890 127.7
37 Montana $65,882 $66,410 100.8
38 Maryland $65,824 $82,610 125.5
39 South Carolina $65,272 $64,750 99.2
40 Nevada $64,472 $66,600 103.3
41 Maine $63,907 $70,810 110.8
42 South Dakota $63,452 $65,800 103.7
43 Alaska $63,249 $82,920 131.1
44 North Dakota $62,243 $61,870 99.4
45 Vermont $62,229 $75,360 121.1
46 New Hampshire $62,128 $72,690 117.0
47 California $62,126 $84,430 135.9
48 Oregon $61,807 $71,450 115.6
49 Massachusetts $61,064 $81,460 133.4
50 Hawaii $39,058 $65,580 167.9
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