Accountant Salary in Detroit, MI
How much does a accountant make in Detroit? Explore median, entry-level, and senior salaries adjusted for Detroit's cost of living.
Salary Breakdown by Experience Level
See how accountant salaries break down across different pay periods in Detroit.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $49,428 | $80,320 | $108,123 |
| Monthly | $4,119 | $6,693 | $9,010 |
| Biweekly | $1,901 | $3,089 | $4,159 |
| Weekly | $951 | $1,545 | $2,079 |
| Hourly | $24 | $39 | $52 |
Detroit vs National Average
How Detroit's accountant salaries compare to national figures.
Cost of Living in Detroit
About Accountant
Overview
Prepare financial records, tax returns, and manage accounting systems.
Education
Bachelor's degree in Accounting or related field; CPA preferred
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
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Accountant Salary in Detroit, MI — Complete Guide
Median Salary Overview
The median salary for a accountant in Detroit, MI is $80,320 per year, adjusted for the local cost of living index of 88. This figure reflects typical earnings for experienced professionals in this role, considering Detroit's unique economic conditions.
Salary Range and Experience Levels
Entry-level accountant professionals in Detroit can expect to earn around $49,428 annually. As professionals gain experience, salaries typically increase, with senior-level accountants earning approximately $108,123 per year. This represents a 119% increase from entry to senior level.
Cost of Living Adjustment
Detroit's cost of living index of 88 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Detroit are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $77,850, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a accountant's salary in Detroit typically goes toward housing. With a 1-bedroom apartment averaging $1,100 per month, housing represents about 16.4% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Accountants are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Detroit, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.