salary information

Salary Information for a Tax Accountant in Washington, DC

Median salary:

This data reflects Total Cash for a Level 2 Tax Accountant at a mid-size company. To get more detailed information on total compensation for the role of Tax Accountant in Washington, DC, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

Behind the numbers

What is the adjusted total comp for a Tax Accountant in Washington, DC?

Total Comp (TC)

Cost of Living (COL) Index

COL-Adjusted TC

Median Home Price

80.2

Total Comp (TC)

Cost of Living (COL) Index

80.2

COL-Adjusted TC

Median Home Price

What are the responsibilities of a Tax Accountant in Washington, DC?

Determine tax strategies that defer, minimize, or eliminate tax payments, and arrange audits with taxation authorities.

What are the characteristics of a level 2 Tax Accountant?

A level 2 Tax Accountant in Washington, DC has well developed professional and technical expertise. Their work impacts the quality and timeline of part of a product or service. They typically have 3 yearas of average experience.

Quality of Life in Washington, DC on a $88,650 Salary

Cost of Living

Higher Than National Average: Washington, DC's cost of living is significantly higher than the national average.
Basic Expenses: Groceries, transportation, and utilities tend to cost more in DC.
Impact on Budget: A salary of $88,650 might stretch further in other parts of the country, but in DC, it covers necessities with less room for savings.

Housing Market

Median Home Price: The median home price in Washington, DC is considerably above the national median.
Rental Market: Rental prices are high; many residents may find it challenging to afford spacious accommodations.
Homeownership: Purchasing a home on this salary can be difficult without additional income or savings.

Quality of Life

Cultural and Recreational Opportunities: DC offers vibrant cultural attractions, museums, and a rich history, enhancing life quality.
Public Transportation: The public transit system is extensive, reducing the need for a car and associated costs.
Safety and Neighborhoods: Diverse neighborhoods with varying safety levels; some areas might require more research when choosing where to live.

Access to Healthcare

Comprehensive Healthcare Facilities: Excellent access to hospitals and specialized care.
Insurance Costs: Health insurance premiums may be higher compared to other parts of the country; however, employer-provided plans may mitigate some costs.

Quality of K-12 Schools

Variety of Options: Public and charter schools offer diverse educational opportunities.
Performance and Support: School quality can vary widely, with some schools known for strong academic performance and others less so.

Summary

Living in Washington, DC on a salary of $88,650 provides access to a wealth of cultural and professional opportunities but presents challenges, especially in terms of housing and general cost of living. While the city offers excellent healthcare and diverse educational options, one must carefully manage finances to maintain a comfortable lifestyle.

What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to:

OpenComp aggregates multiple data sources to provide accurate salary data for Washington, DC, specifically for a Level 2 Tax Accountant. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

salary information

Salary Information for a Tax Accountant in Washington, DC

Behind the numbers

What are the responsibilities of a Tax Accountant in Washington, DC?

What are the characteristics of a level 2 Tax Accountant?

Tax Accountant

Individual Contributor

Tax Accounting

Business