How Much Do Accountants Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

2021 Annual Salary, Salary Range, and Highest Paying States and Industries

Accountants

Accountants 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.

Salary
$81660
Becoming One
Hard
Education
Bachelor's degree
Job Satisfaction
Job Growth

Personality
Interest Match




Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$81660 per year
Hourly wage
$39 per hour

Starting salary

Entry-level annual salary
$45,220 to $57,110 per year
Entry-level hourly wage
$22 to $27 per hour

Entry-level Accountants with little to no experience can expect to make anywhere between $45,220 to $57,110 per year or $22 to $27 per hour. Similar to any other job, their salary will increase as they gain experience.


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Salary rank

Salary rank
B

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

Salary range

Level Hourly Annual
Highest (Top 10%) $62 $128,680
Senior (Top 25%) $47 $97,530
Middle (Mid 50%) $35 $73,560
Junior (Bottom 25%) $27 $57,110
No experience (Bottom 10%) $22 $45,220

Highest paying states

State Hourly Annual
DC $53 $110,140
NY $49 $101,440
NJ $46 $96,260
MA $43 $88,830
CA $42 $88,130
VA $42 $87,380
RI $41 $85,980
CO $41 $85,120
CT $41 $84,860
MD $40 $83,950

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, MA and CA.

Highest paying industries

Salary by industry Annual Hourly
Computer and Peripheral Equipment Manufacturing $112680 $54.17
Federal Executive Branch $105980 $50.95
School and Employee Bus Transportation $105060 $50.51
Securities, Commodity Contracts, and Other Financial Investments and Related Activities $102020 $49.05
Other Information Services $99810 $47.99
Monetary Authorities-Central Bank $97590 $46.92
Local Messengers and Local Delivery $96610 $46.45
Pipeline Transportation of Crude Oil $94880 $45.62
Inland Water Transportation $94330 $45.35
Software Publishers $93670 $45.03
Semiconductor and Other Electronic Component Manufacturing $93500 $44.95
Oil and Gas Extraction $92530 $44.49
Cable and Other Subscription Programming $92020 $44.24
Scientific Research and Development Services $90880 $43.69
Natural Gas Distribution $89890 $43.22
Postal Service (Federal Government) $89560 $43.06
Computer Systems Design and Related Services $89350 $42.96
Apparel, Piece Goods, and Notions Merchant Wholesalers $88460 $42.53
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing $88320 $42.46
Data Processing, Hosting, and Related Services $87500 $42.07
Audio and Video Equipment Manufacturing $87490 $42.06
Aerospace Product and Parts Manufacturing $87450 $42.04
Other Pipeline Transportation $87180 $41.91
Rail Transportation $86760 $41.71
Coating, Engraving, Heat Treating, and Allied Activities $86660 $41.67
Motion Picture and Video Industries $86230 $41.46
Pharmaceutical and Medicine Manufacturing $86140 $41.42
Other Investment Pools and Funds $85880 $41.29
Advertising, Public Relations, and Related Services $85700 $41.20
Communications Equipment Manufacturing $85640 $41.17

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