Tax Preparers Salary

It’s a stretch — at the median salary of $38K, rent takes 58.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,534/month. The 30% guideline puts the comfortable ceiling at roughly $800/month in rent — so roommates or a 1-bedroom would ease the math significantly.

The 10th-percentile wage — what new tax preparers typically earn — is $29K/year. Take-home on that works out to about $1,768/month.

Local pay runs 30% below the national median — $38K here vs. $55K nationally.

Central Indiana nonmetropolitan area pays $38K median vs. the U.S. average of $55K — that’s -30%.

The median is $38,320 a year, that works out to about $18 an hour. But the range is wide: entry-level workers start around $29,460, and experienced tax preparers can clear $78,340. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $2,638/month after taxes. A 2-bedroom here rents for about $1,534/month, which eats 58.2% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.

Central Indiana nonmetropolitan area has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median tax preparers salary is worth about $38,320 in national-average purchasing power.

The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.