Median Salary
$90,082
Above National Avg
Hourly Wage
$43.31
Dollars / Hr
Workforce
7.6k
Total Jobs
Growth
+4%
10-Year Outlook
Here is a comprehensive career guide for Accountants considering a move to Los Angeles, CA.
The Accountant’s Guide to Los Angeles: A Career Analyst’s Report
As a career analyst who has studied the Southern California job market for over a decade, I’ve seen the accounting profession evolve dramatically here. Los Angeles isn't just Hollywood and sunshine; it’s a complex, sprawling economic engine that demands sophisticated financial oversight. From the entertainment giants in Burbank to the manufacturing hubs in the Inland Empire, the opportunities are vast, but so are the costs. This guide is designed to give you the unvarnished, data-driven truth about building an accounting career in the City of Angels.
Let’s cut through the noise and look at the numbers.
The Salary Picture: Where Los Angeles Stands
First, the bottom line. The median salary for an accountant in Los Angeles is $90,082 per year, which breaks down to an hourly rate of $43.31. This is notably higher than the national average of $86,080, but you need to understand that this premium is directly tied to the city's high cost of living.
The job market here is robust. According to the most recent data, there are approximately 7,641 accounting jobs in the metro area, with a 10-year job growth projection of 4%. While that growth rate isn't explosive, it indicates steady demand. The accounting field here is mature, meaning you’re competing with seasoned professionals, but also that roles are stable and deeply integrated into the local economy.
Experience is the single biggest driver of salary. Here’s a realistic breakdown of what you can expect to earn at different career stages in the LA market:
| Experience Level | Years of Experience | Estimated Salary Range (LA) | Notes |
|---|---|---|---|
| Entry-Level | 0-2 years | $65,000 - $78,000 | Often starting in public accounting (audit/tax) or staff accountant roles at mid-sized firms. CPA track is expected. |
| Mid-Career | 3-7 years | $85,000 - $105,000 | Senior accountant, internal audit, or first-time manager. This is where you see the median salary come into play. |
| Senior Professional | 8-15 years | $110,000 - $140,000 | Controller, senior manager at a firm, or specialized consultant. Requires CPA and often a niche skill. |
| Expert/Executive | 15+ years | $145,000 - $200,000+ | VP of Finance, Partner in a firm, or specialized forensic accountant. Top earners often have equity or bonuses. |
Insider Tip: Don't just look at the base salary. In LA, the bonus structure can be significant, especially in entertainment, real estate, and tech. A mid-career accountant at a major studio might have a base of $110,000 but a year-end bonus of 10-20%, pushing total compensation well into the six figures.
How does Los Angeles compare to other California cities?
- San Francisco/Silicon Valley: Salaries are higher (often $100,000+ median), but the cost of living is even more extreme, and the job market is intensely competitive.
- San Diego: Salaries are slightly lower (median around $85,000), but the cost of living and commute pressures are generally less severe than in LA.
- Sacramento: The state capital offers competitive public sector accounting salaries with a much lower cost of living, but the private sector opportunities are more limited compared to LA.
📊 Compensation Analysis
📈 Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
The $90,082 median salary sounds comfortable, but in Los Angeles, it’s a working professional’s salary that requires careful budgeting. The city’s Cost of Living Index is 115.5 (US average = 100), and the average rent for a one-bedroom apartment is $2,006/month.
Let’s break down a monthly budget for an accountant earning the median salary.
Monthly Budget Breakdown (Gross: $7,507 / Net: ~$5,300 after taxes)
| Category | Estimated Monthly Cost | Notes |
|---|---|---|
| Take-Home Pay | $5,300 | After federal, state, FICA, and CA SDI taxes. This is an estimate; your actual take-home depends on benefits, 401(k) contributions, etc. |
| Rent (1BR) | $2,006 | This is the city-wide average. You can find lower in older buildings in the Valley or higher in trendy areas. |
| Utilities (Elec, Gas, Internet) | $200 - $300 | LA's climate reduces heating costs but AC in summer can spike your electric bill. |
| Groceries | $400 - $500 | LA has incredible food options, but groceries are not cheap. |
| Transportation | $200 - $400 | Gas is notoriously expensive, and a car is a necessity for most. Insurance is also high. |
| Health Insurance (if not covered) | $200 - $400 | A significant portion of your budget if you're on a marketplace plan. |
| Miscellaneous (Dining, Entertainment, Savings) | $1,000 - $1,500 | This includes any debt payments, entertainment, and hopefully, savings. |
Analysis: After all essential expenses, you might have $1,000 - $1,500 left for discretionary spending, debt, and savings. This is manageable but tight. You won't be living lavishly on the median salary. A dual-income household is the most common path to financial comfort in LA.
Can they afford to buy a home?
With an estimated $5,300 in monthly net income, a median-priced LA home (around $800,000 - $900,000) is a significant stretch. A 20% down payment is $160,000+, and a monthly mortgage payment (including taxes and insurance) would likely exceed $4,500, which is over 80% of your take-home pay. This is not feasible on a single median accountant's salary. Most homeowners are either couples with dual high incomes or have built significant equity over years. Renting is the standard for early and mid-career professionals.
💰 Monthly Budget
📋 Snapshot
Where the Jobs Are: Los Angeles's Major Employers
The accounting job market in LA is diverse, spanning entertainment, aerospace, healthcare, and more. Here are the major categories of employers and specific companies to target.
The "Big Four" & National Firms (Public Accounting):
- PwC, Deloitte, EY, KPMG: All have large offices in Downtown LA (DTLA) and/or Century City. They are always hiring for audit, tax, and advisory roles. The culture is high-pressure but offers unparalleled training and resume prestige.
- BDO USA, Grant Thornton: Strong regional and national firms with significant LA presences, often offering a slightly better work-life balance than the Big Four.
Entertainment & Media:
- The Walt Disney Company (Burbank): A massive employer. Accountants here work on everything from film production budgets to theme park revenue. Stable, with great benefits.
- Warner Bros. Discovery (Burbank): Similar to Disney, with roles in studio accounting, licensing, and corporate finance.
- Netflix (Hollywood): Known for paying top-of-market salaries, but also for a demanding, fast-paced environment. They seek accountants with strong technical skills and a tech-forward mindset.
Healthcare & Non-Profits:
- Cedars-Sinai Medical Center (Mid-Wilshire): One of the largest hospitals in the US. They have a massive internal finance department for everything from patient billing to grant accounting.
- Kaiser Permanente (Regional): The giant HMO has a huge Southern California presence, with numerous accounting and finance roles in their regional offices.
Real Estate & Development:
- Related Companies, Douglas Emmett, Brookfield Properties: Major real estate developers and REITs with significant portfolios in LA. Accountants here specialize in property accounting, fund accounting, and deal analysis.
- Tishman Speyer: Another major player in the commercial real estate space, with a strong LA footprint.
Aerospace & Defense:
- Northrop Grumman (El Segundo): A cornerstone of the LA economy. They need accountants with security clearances for government contracting, which commands a salary premium.
- Raytheon Technologies (El Segundo/Goleta): Similar to Northrop, offering stable, high-paying roles in cost accounting and government compliance.
Hiring Trends: There is a growing demand for accountants with data analytics skills (SQL, Tableau, Power BI) and ERP system expertise (SAP, Oracle NetSuite). The rise of the "hybrid" work model means many roles now require 2-3 days in the office, especially in public accounting and corporate roles. The gig economy is also present, with freelance bookkeeping and consulting for small businesses in the LA startup scene.
Getting Licensed in CA
To advance beyond a staff accountant role in California, the CPA license is almost non-negotiable. The California Board of Accountancy (CBA) sets strict requirements.
- Education: You need 150 semester units, including specific accounting and business courses. A master's in accounting (e.g., from USC, UCLA, or Cal State LA) is the most common path to meet this.
- Exam: Pass all four sections of the Uniform CPA Exam (AUD, BEC, FAR, REG).
- Experience: You need one year (2,000 hours) of general accounting experience under the supervision of a licensed CPA. This can be in public accounting, private industry, or government.
Timeline & Costs:
- Exam Fees: Approximately $1,000 - $1,500 for all four sections (varies by state).
- Application/Licensing Fee: Around $300 to the CBA.
- Ethics Exam: A separate, open-book exam costing ~$200.
- Review Course: Essential for passing. Becker, Wiley, and Roger CPA Review cost $2,000 - $3,500.
- Total Estimated Cost: $3,500 - $5,500 (excluding lost wages during study).
Insider Tip: The "experience" requirement is key. Many new grads work in public accounting for 1-2 years before taking the exam, as their firm provides the supervised hours. If you enter private industry, ensure your manager is a licensed CPA who can verify your hours. The process from start to license can take 18-24 months for a dedicated candidate.
Best Neighborhoods for Accountants
Your commute in LA will define your quality of life. The city is a collection of smaller cities, and where you live depends on where you work and your lifestyle.
| Neighborhood | Vibe & Commute | Avg. 1BR Rent | Best For... |
|---|---|---|---|
| DTLA (Downtown Los Angeles) | Urban, walkable, corporate. Central hub for Big Four, major banks, and corporate offices. Crime can be an issue in certain blocks. | $2,200 - $2,800 | Young professionals who want a short walk to work and a vibrant nightlife. |
| Koreatown | Dense, lively, incredibly central. Great for reaching DLA, Mid-Wilshire, or even the Westside via the Metro. No dedicated parking is a nightmare. | $1,900 - $2,400 | Those who prioritize location and urban energy over square footage and parking. |
| The Valley (Sherman Oaks, Studio City) | More suburban, family-friendly. Home to many entertainment companies (Disney, Warner Bros.) and a short drive to Burbank. Less traffic than crossing the city. | $1,700 - $2,200 | Accountants working in media, healthcare, or the north side of the city who want more space and a quieter community. |
| Westside (Culver City, Santa Monica) | Trendy, expensive, coastal. Home to tech companies and major corporate HQs. Traffic on the 10 Freeway is brutal. | $2,500 - $3,200+ | High earners, those in tech or corporate finance, and beach lifestyle devotees. |
| Eagle Rock / Highland Park | Hip, artistic, with a strong sense of community. Good public schools. Commutes can be long to DTLA or the Westside. | $1,800 - $2,300 | Accountants who want a neighborhood feel, with easy access to Pasadena and the 210 corridor for jobs at Caltech or JPL. |
Commute Reality Check: Always test your commute during rush hour using Google Maps before you sign a lease. A 10-mile drive can take 45 minutes. The Metro Rail (Red, Purple, Expo, Gold lines) is a viable option if you live and work near stations.
The Long Game: Career Growth
Your career trajectory in LA will be heavily influenced by specialization.
Specialty Premiums:
- Forensic Accounting: High demand in LA due to entertainment fraud and complex real estate deals. Can command a 15-25% salary premium.
- International Tax: Essential for multinationals and studios with global distribution.
- Cost Accounting: Critical for aerospace and manufacturing.
- Fund Accounting: For real estate and private equity firms. Requires deep knowledge of SEC regulations.
Advancement Paths:
- Public Accounting: Staff -> Senior -> Manager -> Senior Manager -> Partner. This is a marathon, often taking 12+ years to partnership.
- Corporate Ladder: Staff Accountant -> Senior -> Accounting Manager -> Controller -> VP of Finance -> CFO. The jump from Controller to VP is the hardest.
- Niche Consulting: Leave the corporate ladder to start your own firm or join a boutique consultancy focusing on a specific industry (e.g., entertainment royalties).
10-Year Outlook: The 4% job growth is steady, not explosive. Automation of basic bookkeeping will continue, increasing the value of strategic, analytical, and advisory skills. The CPA will remain the gold standard. The biggest growth will be in hybrid roles where accounting meets data science and financial planning & analysis (FP&A).
The Verdict: Is Los Angeles Right for You?
| Pros | Cons |
|---|---|
| High Salary Potential: Median $90,082 is strong, with upside for specialists. | Extreme Cost of Living: Rent and taxes eat a large portion of your income. |
| Diverse Job Market: From entertainment to aerospace, opportunities are plentiful. | Traffic & Commute: Can severely impact work-life balance and daily stress. |
| Career Prestige: Working for a major LA-based company (e.g., Disney, Northrop) is a resume booster. | Competitive Market: You're competing with graduates from top schools like USC and UCLA. |
| Networking Hub: Unparalleled access to industry events and professional organizations. | "Grind" Culture: The pace is fast, and long hours are common, especially in public accounting. |
| Lifestyle Perks: World-class food, culture, and outdoor activities (when you have time). | Homeownership is a Distant Dream: For most single professionals, buying is out of reach. |
Final Recommendation:
Los Angeles is an excellent choice for an accountant who is career-driven, adaptable, and financially disciplined. If you are willing to embrace the "hustle," specialize in a high-demand niche, and live within a realistic budget, the professional opportunities here are among the best in the world. However, if you prioritize affordable homeownership, a predictable 9-to-5 schedule, and minimal traffic, you may find a better fit in a smaller city or different region.
FAQs
1. I'm a recent graduate. Should I start my career in LA public accounting or a cheaper city?
Start in LA if you can land a job with a reputable firm (Big Four or a strong regional). The training and brand recognition are invaluable and will open doors nationwide. The high starting salary helps offset the cost of living, and you can gain your CPA experience here before potentially moving to a lower-cost area.
2. How important is it to have a car in Los Angeles?
It is essential for 95% of accountants. While some neighborhoods (DTLA, Koreatown) are walkable and have decent Metro access, most corporate offices and even major employers like Disney (Burbank) are not easily accessible by public transit. Factor in car payments, insurance (which is high in CA), and gas.
3. What's the best way to network in the LA accounting scene?
Join the CalCPA (California Society of CPAs) and attend their LA chapter events. For entertainment accounting, the Hollywood Radio & Television Society (HRTS) is key. LinkedIn is huge here—connect with alumni from your school who are in LA. Don't underestimate the power of a casual coffee meeting; LA is a "who you know" city.
4. Is the cost of living really as bad as they say?
Yes, but it's manageable with the right strategy. A roommate can cut your housing cost by 40-50%. Cooking at home instead of eating out regularly saves hundreds. Your biggest expense will be
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