Texas remains one of the most attractive states to live and work in the United States.  According to recent US Census Bureau population data, the Texas population grew an estimated 1.1% (or 310,285 people) from mid-2020 to mid-2021, adding more people than any other state.  We have seen a continual inflow of residents to Texas for many years from states on both coasts; the COVID-19 pandemic has only led to an increased rate of people and companies moving to Texas.

Accounting and Finance hiring in Texas closed out 2021 at a very high level.  North Texas outpaced the rest of the state last year as the region continues to draw more corporate relocations from across the country, and the booming real estate, technology, and investment industries continue to expand and hire more people.  The Houston area hiring market also benefitted greatly in 2021 with some significant corporate relocations to the area; additionally, oil and gas industry hiring increased as oil consumption increased significantly from prior year and the price of crude oil rose close to 30% year over year.

Based on discussions with local and regional economic leaders as well as various financial executives and hiring managers, we believe that the 2023 job market for Accounting and Finance professionals in Texas will continue to be very active and that wage inflation will continue to be a challenge for executives to address in hiring and retaining top talent.

Employee recruitment and retention should continue to be a major focus of companies and public accounting firms, as hiring and retaining a strong work force is critical for sustained growth.

We hope that you will find our 2023 Salary Guide as a useful tool to benchmark your salary and/or the salaries of members of your department.

Best wishes for a happy and productive 2023!

-The Unity Search Partners