2024 Accountant Salary in US (2024)

FAQs

Are accountants well paid in the US? ›

The best Accounting jobs can pay up to $400,000 per year.

As an accountant, you are responsible for ensuring that all records contain accurate information and that you make all tax and other payments in a timely fashion.

Obtaining a Certified Public Accountant (CPA) license leads to much higher accounting salaries in California: CPAs earn 20-30% more on average. Senior CPAs make well over $100,000. High-level CPA executives see $150,000+ salaries.

According to the California Employment Development Department (EDD), the employment of accountants and auditors in California is projected to grow 7.7% from 2018 to 2028, with an estimated 13,000 annual job openings.

Accountant Salaries

The average salary for Accountant is $89,475 per year in the United States. The average additional cash compensation for a Accountant in the United States is $16,057, with a range from $12,043 - $22,480.

CPA Salary in USA: Unveiling Lucrative Earning Potentials:

On average, Certified Public Accountant salary in the USA range from $60,000 to $120,000 per year, showcasing the premium placed on professionals with advanced accounting certifications.

A CPA salary usually reaches the high five figures, and senior CPAs in management can earn a six-figure salary.

If you want to make serious money, the only way you will ever get to that point is by leveraging the work of others. I'm a CPA and own my own tax practice. Let's say I work 70 hours a week during tax season, have over 1,200 clients, average about $250 per return. I just made your $300k.

Accountants can make $500k per year. If they develop the right skills. And it can be done without starting your own business (and taking all the risk that comes with it). It's not easy, but the key is to build high-leverage skills.

Many people wonder if accounting is a lucrative career that can lead to financial success and wealth. The answer is yes, but it depends on several factors, such as your education, experience, specialization, and personal choices.

Finance and accounting managers are encountering significant competition for talent, particularly in accounts payable, financial reporting and payroll. This trend underscores the growing demand for accountants at a time when fewer students are seeking degrees in accounting and entering the profession.

What is the demand for accounting in 2024? ›

Accountants' Demand Keeps Growing in 2024

Nowadays, the accountant demand in 2024 has changed. They can become partners and help their partners navigate strategic financial regulations. They can also help organizations in making decisions and driving growth.

Over the last few years, we've had fewer and fewer clients asking us for help finding bookkeepers. That's changed in 2024. Demand for bookkeepers has come roaring back but with a few notable differences from previous years.

Cpa Salary. $75,000 is the 25th percentile. Salaries below this are outliers. $103,000 is the 75th percentile.

The employment location also has a bearing on the salaries of CPAs. According to the Bureau of Labor Statistics (BLS), the highest-paying states for CPAs in the U.S. are the District of Columbia, New York, New Jersey, Virginia, and California, with average salaries ranging from $89,000 to $105,000 per year.

The top-paying industries for accountants include finance and insurance, management of companies and enterprises, tax preparation, and the government.

Accountants made a median salary of $78,000 in 2022. The best-paid 25% made $101,150 that year, while the lowest-paid 25% made $60,920.

In terms of financial rewards, accountants in the U.S. enjoy competitive salaries and the potential for career advancement. Additionally, the profession offers a clear career path, with opportunities to specialize, obtain certifications such as the Certified Public Accountant (CPA), and take on leadership roles.

According to the US Bureau of Labor Statistics, the median annual wage for accountants and auditors was $78,000 in 2022. However, this amount can vary depending on the industry, location, and experience level. Senior-level accountants can earn six-figure salaries.

Accountants claimed the top spot in FlexJobs' 2024 ranking of the top remote jobs in the U.S., thanks to increasing demand for these skilled professionals across several industries, including finance, health care and government.