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Five Great Cities for the Midwest-at-Heart CPA

Posted by Dr. Phil Yaeger on Dec 11, 2017 1:07:23 PM
Many say the West Coast is the best coast, but there's something to the slower pace of the Midwestern part of the United States. You can still get into big cities, but there's a different feel, colder weather, and economic advantages. Here's a look at some of the most promising cities for the professional not looking to go too far west.
Minneapolis/St.Paul, Minnesota
The twin cities make a great location for young accounting professionals. There at least 40,000 accounting and finance pros in this area and the twin cities are home to many companies headquarters. Unemployment rates tend to stay well below the national average as well. The area is also home to two top-20 accounting firms, RSM MCGladrey Inc. and Larson-Allen LLP. A bonus? While the salary ranges tend to be around the same as New York Accountants, the cost of living is considerably lower.

Chicago, Illinois
The Federal Bank Reserve and the amount of financial and futures exchanges in the city are just two of the reasons Chicago is second only to New York regarding places to be a professional in the accounting and finance industry. The Windy City is also home to the sixth and seventh largest United States accounting firms, Grant Thornton and BDO Seidman, respectively. The average salary for an accountant/auditor is around $70,700 per year, and the homeownership rate in Chicago sits near 49%.

Overland Park/Kansas City, Kansas
The demand for accounting professionals in the Overland Park/Kansas City area is among one of the fast growing in the Midwest region of the United States. The average starting salaries for non-certified public accountants is around $43,000 per year. People in the finance, business, and management occupations make up the largest portion of the population with 23.56%, followed by those in the engineering and technology industries.

Tulsa, Oklahoma
Much of the culture in Tulsa reflect Midwestern states, making it an honorary member of this beautiful region. The city boasts around 22,000 employees in the professional and business services (about 13.56 percent of the population by occupation). Accountants average around $52,000 per year while a senior accountant in Tulsa may make close to $75,000 annually. The economy overall has resulted in an unemployment rate steady at around 4.6 percent with a future job growth rate predicted at around 35%.

With it's vast rural areas and easy access to major cities, the Midwest is a great area of the United States to live and work in especially if you are planning to raise a family. Cost of living tends to be lower overall compared to much of the rest of the country. However, average salaries are competitive with regions like the East Coast. Accounting, business, and financial services are the highest demanded jobs in the region, making it ideal for young CPAs and those looking to settle into a long-term career.

Tags: Accounting News, AICPA, CPA Career, Accounting Career Advice

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