How Much Do Accountants Make in 2020 (including Starting Salary)

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Accountants career information
pros and cons of being an Accountant


analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

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How Much Do Accountants Make In 2020

Annual Salary, Salary Range, and Highest Paying States.

In this salary guide, you will find out how much do Accountants make including their average annual salary, salary per hour, starting salary and the highest paying states. After reading this, you will be able to make a decision if working as an Accountant will suit your financial goals.

Average Salary

Annual salary
$78820 per year

Hourly wage
$38 per hour

One of the most popular questions we get from our readers here is how much do Accountants make per year and their hourly wage.

Starting Salary

Entry-level annual salary
$43650 to $55070 per year

Entry-level hourly wage
$21 to $26 per hour

Entry-level Accountants with little to no experience can expect to make anywhere between $43650 to $55070 per year or $21 to $26 per hour.

Just like any other job, the salary of an Accountant will increase as they become more experienced.

Salary Rank

Salary rank

We wanted to make it easy for our readers to compare the salary of an Accountant to all the other careers out there. So we created Salary Rank. We compare the salary of all careers then we give them a rank of A, B, C or D depending on where their average salary sits in comparison to other careers.

After comparing how much do Accountants make with other careers, they have a salary rank of B.

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Salary range

Highest (Top 10%)$59$122840
Senior (Top 25%)$45$92910
Middle (Mid 50%)$34$70500
Junior (Bottom 25%)$26$55070
No experience (Bottom 10%)$21$43650

Highest paying states

DC$ 47$ 98,130
NY$ 46$ 96,300
NJ$ 43$ 90,400
VA$ 41$ 85,640
CT$ 41$ 84,890
CA$ 41$ 84,430
AK$ 40$ 82,920
MD$ 40$ 82,610
CO$ 40$ 82,320
MA$ 39$ 81,460

Another simple way to increase your salary as an Accountant is to move to a higher paying state. However moving to a higher paying state like DC doesn’t guarantee that you will make more because the expenses at DC might be much higher than where you are currently living at right now.

According to BLS, the highest paid Accountants are in the states of DC, NY, NJ, VA and CT.

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