A junior accountant maintains financial records, verifies ledger entries, and organizes data for senior accountants. They assist in preparing financial reports and analyzing costs, revenues, and obligations to project future finances.
From 2023 to 2033, the U.S. Bureau of Labor Statistics reports a 6% annual increase in the demand for accountants, including auditors. This growth will result in an average of 130,800 job openings annually over the course of the decade.
The average annual salary for a junior accountant in the United States is $63,833, with the highest-paid professionals earning up to $76,003. This article is a comprehensive summary of the salary of a junior accountant, which includes the average, pay ranges, and factors that influence compensation.
As of Febuary 2025, the average annual income for a junior accountant in the United States is $63,833. The national average compensation for hourly employees is approximately $31 per hour, with prices often varying from $25 to $37 per hour.
Meanwhile, junior accountant's average weekly and monthly salaries are $1,228 and $5,319, respectively.
Salary.com indicates that the income range for a junior accountant begins at $52,982 and may reach up to $76,003 per year, with the majority of professionals earning between $58,153 to $70,203.
The compensation range for junior accountants varies according to degree, experience, and geographic region.
Percentile | By Hour | By Week | By Month | By Year |
---|---|---|---|---|
10th Percentile | $25 | $1,019 | $4,415 | $52,982 |
25th Percentile | $28 | $1,118 | $4,846 | $58,153 |
50th Percentile (Median) | $31 | $1,228 | $5,319 | $63,833 |
75th Percentile | $34 | $1,350 | $5,850 | $70,203 |
90th Percentile | $37 | $1,462 | $6,334 | $76,003 |
Various factors can affect the wages of a junior accountant. The factors encompass education, experience, geographic location, and skill set.
The average salary for a junior accountant, depending upon years of experience, varies from $62,794 annually for entry-level positions to $65,285 annually for those with over 8 years of experience.
Levels | Years of Experience | Salary |
---|---|---|
Entry Level Junior Accountant | <1 | $62,794 |
Intermediate Level Junior Accountant | 1-2 | $63,401 |
Senior Level Junior Accountant | 2-4 | $64,814 |
Specialist Level Junior Accountant | 5-8 | $65,097 |
Expert Level Junior Accountant | 8+ | $65,285 |
The U.S. Bureau of Labor Statistics (BLS) indicates that the industry in which accountants and auditors are employed significantly influences their salary.
Place of Work | Median Annual Salary |
---|---|
Finance and insurance | $83,250 |
Management of companies and enterprises | $82,620 |
Accounting, tax preparation, bookkeeping, and payroll services | $79,410 |
Government | $79,130 |
Junior accountants having specialized skills have the potential to increase their salary. Recent job posting data indicates that a junior accountant with accounting management skills can earn 8.04% more than those without this skill.
Skill | Demand | Salary Increase |
---|---|---|
Financial Statements | 25.06% | +7.38% |
Accounting Reconciliation | 14.09% | +6.90% |
Accounting Software | 14.11% | +4.89% |
Spreadsheet Software | 37.49% | +4.00% |
General Ledger | 31.21% | +3.80% |
The location, whether by city or state, plays a significant role in determining the potential salary for a junior accountant. Analyzing salary data allows professionals to identify the most strategic locations for both living and working.
The District of Columbia has the highest average junior accountant salary in the United States, with an average annual salary of $71,043, according to Salary.com data.
State | Salary |
---|---|
Alaska | $69,513 |
Alabama | $58,663 |
Arkansas | $58,153 |
Arizona | $62,173 |
California | $70,403 |
Colorado | $65,103 |
Connecticut | $68,553 |
District of Columbia | $71,043 |
Delaware | $64,783 |
Florida | $60,543 |
Georgia | $61,723 |
Hawaii | $66,703 |
Iowa | $61,083 |
Idaho | $59,553 |
Illinois | $65,293 |
Indiana | $61,913 |
Kansas | $60,763 |
Kentucky | $60,063 |
Louisiana | $60,703 |
Massachusetts | $69,443 |
Maryland | $65,813 |
Maine | $62,103 |
Michigan | $63,003 |
Minnesota | $65,293 |
Missouri | $60,833 |
Mississippi | $56,943 |
Montana | $59,623 |
North Carolina | $61,273 |
North Dakota | $63,193 |
Nebraska | $60,133 |
New Hampshire | $64,913 |
New Jersey | $69,953 |
New Mexico | $58,853 |
Nevada | $64,083 |
New York | $68,043 |
Ohio | $62,423 |
Oklahoma | $59,043 |
Oregon | $64,853 |
Pennsylvania | $63,703 |
Rhode Island | $66,633 |
South Carolina | $60,253 |
South Dakota | $57,383 |
Tennessee | $59,103 |
Texas | $62,493 |
Utah | $60,703 |
Virginia | $64,023 |
Vermont | $62,613 |
Washington | $68,803 |
Wisconsin | $63,063 |
West Virginia | $57,453 |
Wyoming | $61,213 |
San Jose, California is the highest-paying city for junior accountants, according to Salary.com, with an average annual salary of $80,103.
There are several strategies you can employ to boost the potential salary of a junior accountant. Here are some actionable steps:
The salaries for a junior accountant from five of the top reputable salary-reporting sites, as of February 7, 2025, are listed below, with an average of $57,200 (unweighted) across these sites.
$63,833/year
$50,736/year
$55,427/year
$61,068/year
$54,939/year