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Let’s Take a Look at the Projected 2023 Public Accounting Starting Salaries in 12 MCOL Cities

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Increases in public accounting starting salaries for next year aren’t expected to even hit 6%, we reported a couple days ago after examining salary data from Robert Half’s 2022 and its newly released 2023 Accounting & Finance Salary Guides. At least those of you who work in/live within or near cities with the highest cost of living in the U.S. could see starting salaries in public accounting between 23% and 38% higher than the national averages in 2023.

What about cities that have a middle cost of living? What are their starting salary expectations for next year? Well, if you work/live in Chicago, Philadelphia, Nashville, Dallas, Phoenix, Portland, Denver, Las Vegas, Minneapolis, Atlanta, Omaha, and Miami, you’re in luck! Those 12 cities are the focus of this post.

By using the “find your local salaries” feature in the salary guide, we were able to find the 2023 average starting salaries for each city and compared them with the national average starting salaries for public accounting (2023 national average -> the average for that city by percentile per position). In its 2023 salary guide, Robert Half provided starting pay data for eight positions within PA: four in tax services and four in audit and assurance services.

Reminder: Robert Half provides starting salaries for three percentiles based on employee experience. Those percentiles are:

The Windy City saw the biggest projected starting salary increase compared to the national averages, while six others are expected to have double-digit increases next year. One city, though, is expected to have starting salaries in public accounting below the national averages.

Here are the 2023 public accounting starting salary comparisons for those 12 MCOL cities:

1. Chicago

Salaries in Chicago are 24% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

2. Philadelphia

Salaries in Philadelphia are 18% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

3. Denver

Salaries in Denver are 17% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

4. Dallas

Salaries in Dallas are 12% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

5. Portland, OR

Salaries in Portland are 11% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

6. Phoenix
7. Miami

Salaries in Phoenix and Miami are 10% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

8. Atlanta

Salaries in Atlanta are 7.5% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

9. Minneapolis

Salaries in Minneapolis are 7% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

10. Las Vegas

Salaries in Las Vegas are 6% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

11. Nashville

Salaries in Nashville are 2% higher than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

12. Omaha

Salaries in Omaha are 3% lower than the national average.

Senior manager/director tax services

Manager of tax services

Senior tax associate

Tax associate

Senior manager/managing director, audit and assurance services

Manager, audit and assurance services

Senior associate, audit and assurance services

Associate, audit and assurance services

Next week, we’ll take a look at 2023 public accounting starting salary comparisons for several low cost-of-living cities.

Related articles:

How Are Public Accounting Salaries Stacking Up For 2023? (Part 1, Robert Half)
Here Are the Projected 2023 Public Accounting Starting Salaries in Eight HCOL Cities

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