Average Billing and Posting Clerks Salary in Chicago-Naperville-Elgin, IL-IN
Billing and Posting Clerks in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $52,020. This figure is notably higher than the national average of $49,470, suggesting that the specific economic dynamics and demand within this major metropolitan region contribute to a more competitive compensation landscape for these essential administrative roles.
Executive Summary
- Average Salary: $52,020 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $69,440.
- Outlook: With a substantial local workforce of 12,550 Billing and Posting Clerks, the Chicago-Naperville-Elgin area demonstrates a significant concentration of these professionals. The Location Quotient of 1.04 indicates a slightly higher prevalence of this occupation compared to the national average, pointing towards a stable and robust job market with consistent demand for skilled billing and posting personnel.
Salary Overview
The average Billing and Posting Clerks in Chicago-Naperville-Elgin, IL-IN earns+5.2%above the national average.
$25
$1,000
$4,335
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for this role in Chicago is not provided, it is reasonable to assume that salaries for Billing and Posting Clerks have experienced a steady upward trend over the past four years, mirroring general economic growth and inflation. This growth is likely driven by increasing business activity and the ongoing need for accurate financial record-keeping across various industries.
Billing and Posting Clerks Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Billing and Posting Clerks typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear career progression path, rewarding accumulated expertise and responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,240 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,015 | $18.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,290 | $23.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,025 | $31.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $69,440 | $33.4 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$52,020
Gross Pay
Real Wage (Purchasing Power)
$52,020
Adjusted for COL (100)
The average annual salary of $52,020 in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by Billing and Posting Clerks holds its purchasing power directly in line with the national average, offering no significant advantage or disadvantage in terms of real income when relocating to this area.
Job Market Context
12,550
Total Jobs
2.805
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
The Location Quotient of 1.04 for Billing and Posting Clerks in Chicago-Naperville-Elgin, IL-IN suggests a job market that is slightly more concentrated than the national average. This indicates a healthy demand for these roles, with employers actively seeking qualified candidates, though the market is not overwhelmingly saturated, implying a competitive but accessible environment for job seekers.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Billing and Posting Clerks Salary | $44,850↓ 14% | 41 mi |
| Kenosha, WI Billing and Posting Clerks Salary | $46,920↓ 10% | 51 mi |
| Kankakee, IL Billing and Posting Clerks Salary | $44,380↓ 15% | 55 mi |
| Racine-Mount Pleasant, WI Billing and Posting Clerks Salary | $46,320↓ 11% | 59 mi |
| Niles, MI Billing and Posting Clerks Salary | $45,800↓ 12% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Billing and Posting Clerks in Chicago-Naperville-Elgin, IL-IN is $52,020. This typically ranges from $38,240 for entry-level positions to $69,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 5.2% higher than the national median of $49,470.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Billing and Posting Clerks?
Yes, it offers slightly above-average compensation.The average salary of $52,020 is higher than the national average, and the cost of living is on par, meaning your earnings have strong purchasing power.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($44,850) and Kenosha, WI.
How does the Chicago-Naperville-Elgin workforce size impact job availability?
The large workforce of 12,550 Billing and Posting Clerks indicates a significant presence of this role, suggesting ample opportunities and a dynamic job market within the region.
What does a Location Quotient of 1.04 signify for Billing and Posting Clerks?
A Location Quotient of 1.04 means this occupation is slightly more common in Chicago-Naperville-Elgin than the national average, indicating steady demand and a healthy job market.
How does the Cost of Living in Chicago-Naperville-Elgin compare nationally?
The Cost of Living Index is 100, which is the national average. This means that the $52,020 salary in Chicago has the same purchasing power as the national average salary.
What is the estimated number of Billing and Posting Clerk jobs per 1,000 workers in this area?
There are approximately 2.805 jobs per 1,000 workers for Billing and Posting Clerks in the Chicago-Naperville-Elgin area, reflecting a solid presence of this occupation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,550 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 2.805 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Billing and Posting Clerks • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN