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Average Billing and Posting Clerks Salary in East Central Illinois nonmetropolitan area

Billing and Posting Clerks in the East Central Illinois nonmetropolitan area earn an average annual salary of $46,120. This figure is slightly below the national average of $49,470, a common occurrence in nonmetropolitan regions where the cost of labor and operational expenses can be lower than in major urban centers. Local economic factors and industry demand specific to this region play a significant role in shaping compensation levels.

Executive Summary

  • Average Salary: $46,120 per year.
  • Growth Trend: Salaries have shifted 32.7% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $57,560.
  • Outlook: The job market for Billing and Posting Clerks in East Central Illinois appears stable, with a total local workforce of 350 individuals. The Location Quotient of 0.9 suggests a concentration of these roles that is very close to the national average, indicating a consistent, albeit not exceptionally high, demand for these professionals within the region. With 2.43 jobs per 1,000 workers, the presence of these roles is well-established.
2024 Market Data

Salary Overview

$46,120

The average Billing and Posting Clerks in East Central Illinois nonmetropolitan area earns-6.8%below the national average.

BreakdownBased on 40h/week
Hourly

$22.2

Weekly

$887

Monthly

$3,843

Billing and Posting Clerks Salary Distribution in East Central Illinois nonmetropolitan area

Career progression for Billing and Posting Clerks typically involves a salary increase tied to experience and responsibility. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential within the profession.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,800$17.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$34,590$16.6
ManagerOversees team, compliance, and project delivery.50% (Median)$45,850$22
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$57,650$27.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$57,560$27.7

Detailed Billing and Posting Clerks Market Analysis

Relocation Context

Nominal Salary

$46,120

Gross Pay

Real Wage (Purchasing Power)

$46,120

Adjusted for COL (100)

The nominal average salary of $46,120 in East Central Illinois aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Billing and Posting Clerk's salary in this region is equivalent to that of someone earning the national average salary in a region with a national average cost of living. Therefore, the salary offers a standard level of affordability for residents.

Job Market Context

350

Total Jobs

2.43

Per 1K Jobs

0.9

Location Quotient

Below Average

East Central Illinois nonmetropolitan area has 0.90x the national average concentration of Billing and Posting Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

With a Location Quotient of 0.9, the job market for Billing and Posting Clerks in East Central Illinois is nearly on par with the national average in terms of concentration. This indicates a balanced market where the number of available positions is relatively proportional to the national landscape. It suggests a steady demand that is neither exceptionally high nor significantly low, providing a stable employment environment for these professionals.

Nearby Job Markets

Nearby Cities for Billing and Posting Clerks

Comparing salaries near East Central Illinois nonmetropolitan area

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Frequently Asked Questions

How much does a Billing and Posting Clerks make in East Central Illinois nonmetropolitan area?

The median annual salary for a Billing and Posting Clerks in East Central Illinois nonmetropolitan area is $46,120. This typically ranges from $36,800 for entry-level positions to $57,560 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in East Central Illinois nonmetropolitan area is 6.8% lower than the national median of $49,470.

Is East Central Illinois nonmetropolitan area a lucrative place for Billing and Posting Clerks?

No, not exceptionally lucrative compared to national averages.While the average salary of $46,120 is stable and aligns with the national cost of living, it falls slightly below the national average salary, indicating it's not a high-paying region.

Is East Central Illinois nonmetropolitan area a good place to live for Billing and Posting Clerks?

The Cost of Living Index in East Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near East Central Illinois nonmetropolitan area?

Some top paying nearby cities include Bloomington, IL ($45,510) and Decatur, IL.

How does the local salary compare to the national average?

The average annual salary for Billing and Posting Clerks in East Central Illinois is $46,120, which is slightly lower than the national average of $49,470.

What is the concentration of Billing and Posting Clerks in this area?

The concentration, measured by the Location Quotient, is 0.9, indicating that the presence of these roles is very close to the national average.

How does the cost of living affect the salary's value?

With a Cost of Living Index of 100 (matching the national average), the $46,120 salary offers standard purchasing power equivalent to the national average.

What is the total number of Billing and Posting Clerks in the area?

There are approximately 350 Billing and Posting Clerks employed in the East Central Illinois nonmetropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the East Central Illinois nonmetropolitan area area with a job density of 2.43 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.