Payroll
For Accountants and HR Specialists, New York City Pays the Best, Analysis Reveals
The salary data provided by workforce intelligence firm Revelio Labs was adjusted based on median income levels in cities.
Jun. 05, 2023
According to an analysis by workforce intelligence firm Revelio Labs, the Big Apple pays big money to those who work in accounting and human resources, Bloomberg reported.
The salary data provided by Revelio was adjusted based on median income levels in cities, according to Bloomberg. The analysis found that New York is the best-paying city for accountants, with an adjusted salary of $95,308. The worst-paying city for accountants? Dallas, according to Revelio, with an adjusted salary of $65,189—a 46% differential.
“Many factors impact salaries in a city—the types of employers present, the overall income and cost of living there, and the relative supply and demand for a role,” Lisa Simon, senior economist at Revelio, told Bloomberg. “In absolute terms, a data scientist may make the most in San Francisco, but that is no longer true when we adjust for the cost of living there. For nurses, the best place is the relatively remote Bakersfield, California, while accountants benefit from being in the city close to where their clients are.”
New York City also pays HR specialists the most, with an adjusted salary of $74,912. The lowest adjusted salary for HR specialists is in Miami at $57,020.