Seperate Auto Numbering Based on Area Column

I have an auto number column which I know goes from 1-100 etc. I have projects in Locations North, South, East and West. Is there a way I can auto number based on each location so East is sequential, North is sequential, etc. By using the below formula it works fine but I end up with North 15 when it might be the 15th row entry but only the 2nd project in the North.

Hope that makes sense!

="ME_" + REGION@row + "_ALL_24_" + [AUTO NUMBER]

ME_NORTH_ALL_24_01

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