– Average annual salary: $105,720
– Median annual salary: $94,380
– Total employment: 119,910 (13.6 per 1,000 jobs)
New York, the largest metro area in the U.S., has long been considered the financial center of the world, with Manhattan housing the New York Stock Exchange, banking institutions, and heavyweight financial firms. As of May 2020, accountants and auditors in New York make an average of $48.77 per hour, according to the U.S. Bureau of Labor Statistics. In the first half of 2021, New York raked in $20.9 billion in venture capital investment.
It certainly isn’t cheap to live in the Big Apple, with New York’s cost of living being 80.4% higher than the country’s average, with area prices up by 1.6% since 2020. The highest-paying accounting jobs in the New York City area include positions like accountant/controller ($92,000 median annual salary), a financial accounting software developer ($90,000 median annual salary), senior financial analyst ($76,000 median annual salary), and CPAs (ranging from $84,492 to $554,600, as of October 2021). Accountants for real estate agents and brokers are in high demand as the city’s real estate market has bounced back from earlier in the pandemic, with demand being high on the luxury side.