The annual salary statistics of tax preparers in Kingsport-Bristol-Bristol, Virginia is shown in Table 1. The wage data of tax preparers in Kingsport-Bristol-Bristol is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $18,120 |
| 25th Percentile Wage | $24,950 |
| 50th Percentile Wage | $32,980 |
| 75th Percentile Wage | $60,710 |
| 90th Percentile Wage | $79,450 |
Table 1 shows the average annual salary for tax preparers in Kingsport-Bristol-Bristol, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $79,450. The median (50th percentile) annual salary is $32,980. The average annual salary for the bottom 10 percent earners is $18,120.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $32,980 | 13.55% | 43.88% |
| 2021 | $28,510 | -93.13% | - |
| 2020 | $55,060 | 5.47% | - |
| 2019 | $52,050 | -5.38% | - |
| 2018 | $54,850 | 26.31% | - |
| 2017 | $40,420 | 24.89% | - |
| 2016 | $30,360 | 0.46% | - |
| 2015 | $30,220 | -11.32% | - |
| 2014 | $33,640 | 44.05% | - |
| 2013 | $18,820 | 1.65% | - |
| 2012 | $18,510 | - | - |
From Table 3 we note that the median annual salary of $32,980 in Kingsport-Bristol-Bristol is in the middle of salary range for tax preparers in state of Virginia. In comparison, the annual salary of tax preparers in Kingsport-Bristol-Bristol is 46.0 percent (46.0%) lower than that in the highest paying Charlottesville and 27.5 percent (27.5%) higher than that in the lowest paying Northwestern Virginia nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Charlottesville | |
| Roanoke | |
| Richmond | |
| Lynchburg | |
| Northeastern Virginia nonmetropolitan area | |
| Kingsport-Bristol-Bristol | |
| Virginia Beach-Norfolk-Newport News | |
| Southwestern Virginia nonmetropolitan area | |
| Southside Virginia nonmetropolitan area | |
| Blacksburg-Christiansburg-Radford | |
| Northwestern Virginia nonmetropolitan area |