Well, you don’t have to wonder anymore. Here is a comparison of CPA salaries in States where there are the most number for CPA jobs posted online. Job prospects can be determined by studying the trends in hiring and the trends in demand for CPA services.
The data in the charts and reports are based on CPA job postings all across the internet.
1. CPA salary in your State
The first chart on the right shows the Average CPA salary based on job postings in your current State. Your State is determined based on your computer’s IP address. How does that compare to other States?
2. Comparison of CPA salaries by State
The second bar chart displays a comparison of average salaries of CPA positions in States where there are the most number of CPA jobs posted on the internet.
As of 2013, CPAs in New York, Massachusetts, California and Georgia make over $80,000 on an average, while those working as a CPA in New Jersey, Illinois, Florida, Michigan, Washington, Oregon and Texas earn between $70,000 and $78,000.
Pennsylvania and Kentucky CPAs earn the lowest.
The data in the chart is dynamic and hence will reflect salaries as of the date on which you read this article.
3. Hiring Trends
The line graph titled "Job Trends from Indeed.com" indicates that the relative growth in CPA job postings is negative and has been steadily declining over the past few years. From late 2009 through early 2010 and from late 2010 through early 2011 there was a slight increase in job postings but was seemingly not sustained over the next couple of years. My guess is that during these periods the economy picked up and as a result hiring increased.
As of January 2013 in the general Accounting industry Indeed.com reported that
- Accounting job postings have increased 7% since January 2012.
- Clicks on accounting jobs have increased 36% since January 2012.
4. Demand for Accountants and CPAs
Now let’s take a look at trends in the demand for Accountants and CPAs. Google’s Search engine data can be analyzed to determine the trends in search queries related to Accounting services. For our purposes, the keywords used are Accountant and CPA since these represent terms used by folks looking for accounting services. The line graph on the right titled "Interest over time. Web Search. United States, 2004 - present." shows trend in search volume for these keywords relative to all search terms.
If the graph is trending downwards, it does not necessarily mean that the demand is dropping. If the line is trending upwards then it does mean that the demand is increasing. If you’d like to see the demand for your State you can do so in the tool.
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The data is provided by Indeed.com