| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Year Round Tax Service | $92,801 |
+11.3%
|
Adjusted for higher cost-of-living indices in Year Round Tax Service's primary metro hubs. |
| Federal Tax Management Inc | $100,955 |
+21.1%
|
Influenced by prevailing union wage agreements specific to Federal Tax Management Inc's sector. |
| Tax Education Services | $90,660 |
+8.8%
|
Data suggests Tax Education Services's workforce skews heavily towards veteran, high-tenure roles. |
| 2ServiceU Inc | $98,487 |
+18.1%
|
Driven by niche technical certifications required for 2ServiceU Inc's specialized projects. |
| Business Services Industry | $120,931 |
+45.1%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$92,801 / year
Salary Range: $81,555 - $104,990
Minneapolis, MN
$100,955 / year
Salary Range: $88,730 - $114,220
Burbank, CA
$90,660 / year
Salary Range: $79,677 - $102,563
Denver, CO
$98,487 / year
Salary Range: $86,568 - $111,428
Torrance, CA
$88,498 / year
Salary Range: $77,780 - $100,124
Richmond, VA
$99,383 / year
Salary Range: $87,347 - $112,428
Fairfax, VA
$97,010 / year
Salary Range: $85,267 - $109,757
Linden, VA
$94,183 / year
Salary Range: $82,774 - $106,550
San Diego, CA
$86,989 / year
Salary Range: $76,451 - $98,417
St. Louis, MO
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,300 - $1,900+ | A significant portion of Commonwealth Tax salary. Location choices impact this heavily. |
| Utilities (Basic) | $140 - $230 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70 (HRT monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $410 - $600 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $400 - $730+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $380 - $700+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,600 - $4,160+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Commonwealth Tax pays its employees an average of $83,361 per year. The average salary at Commonwealth Tax range from $73,262 to $94,308 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
The salary at Commonwealth Tax is lesser than the similar company. The average annual salary at Commonwealth Tax is $83,361, or an hourly wage of $40, in comparison to Year Round Tax Service which pays $92,801 per year or $45 per hour.
In many roles at Commonwealth Tax, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). This significantly impacts the purchasing power of a salary from Commonwealth Tax based there. Our "Cost of Living Insights for Virginia Beach" module details this impact, helping you assess the 'real feel' value of your compensation.
Commonwealth Tax generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Commonwealth Tax" section on this page.
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