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Average Billing and Posting Clerks Salary in Eastern and Southern Colorado nonmetropolitan area

Billing and Posting Clerks in the Eastern and Southern Colorado nonmetropolitan area earn an average annual salary of $45,870. This figure is slightly below the national average of $49,470, reflecting the unique economic dynamics of nonmetropolitan regions. Factors such as local demand, industry concentration, and the overall economic landscape of this specific area contribute to this compensation level.

Executive Summary

  • Average Salary: $45,870 per year.
  • Growth Trend: Salaries have shifted 26.1% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $59,260.
  • Outlook: The job market for Billing and Posting Clerks in Eastern and Southern Colorado appears stable, with a total local workforce of 230 individuals. The Location Quotient of 1.21 indicates a slightly higher concentration of these roles compared to the national average, suggesting a moderate but consistent demand within the region. While not a booming market, the presence of these roles indicates ongoing needs for financial administrative support.
2024 Market Data

Salary Overview

$45,870

The average Billing and Posting Clerks in Eastern and Southern Colorado nonmetropolitan area earns-7.3%below the national average.

BreakdownBased on 40h/week
Hourly

$22.1

Weekly

$882

Monthly

$3,823

Billing and Posting Clerks Salary Distribution in Eastern and Southern Colorado nonmetropolitan area

Career progression for Billing and Posting Clerks typically involves increased responsibility and specialization, leading to higher earning potential. Entry-level positions might fall in the lower percentiles, while senior clerks with extensive experience and advanced skills can command salaries in the upper percentiles. The widening gap between lower and higher percentile earnings signifies clear opportunities for career advancement and salary growth.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$36,910$17.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$34,403$16.5
ManagerOversees team, compliance, and project delivery.50% (Median)$43,580$21
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$57,338$27.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$59,260$28.5

Detailed Billing and Posting Clerks Market Analysis

Relocation Context

Nominal Salary

$45,870

Gross Pay

Real Wage (Purchasing Power)

$45,870

Adjusted for COL (100)

The average annual salary of $45,870 in Eastern and Southern Colorado aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, making the nominal income translate directly to the expected standard of living across the country.

Job Market Context

230

Total Jobs

3.276

Per 1K Jobs

1.21

Location Quotient

Above Average

With a location quotient of 1.21, Eastern and Southern Colorado nonmetropolitan area has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.

With a Location Quotient of 1.21, Billing and Posting Clerk positions are slightly more concentrated in Eastern and Southern Colorado than the national average. This suggests that the job market here is neither overly saturated nor exceptionally scarce for these professionals. It indicates a steady demand that aligns with the regional economic structure, offering a balanced environment for job seekers.

Nearby Job Markets

Nearby Cities for Billing and Posting Clerks

Comparing salaries near Eastern and Southern Colorado nonmetropolitan area

Hiring Billing and Posting Clerkss?

Frequently Asked Questions

How much does a Billing and Posting Clerks make in Eastern and Southern Colorado nonmetropolitan area?

The median annual salary for a Billing and Posting Clerks in Eastern and Southern Colorado nonmetropolitan area is $45,870. This typically ranges from $36,910 for entry-level positions to $59,260 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Eastern and Southern Colorado nonmetropolitan area is 7.3% lower than the national median of $49,470.

Is Eastern and Southern Colorado nonmetropolitan area a lucrative place for Billing and Posting Clerks?

No, not exceptionally lucrative compared to the national average.While the salary of $45,870 is on par with the national cost of living, it falls below the national average salary for the role. The market shows a slightly higher concentration of jobs but not a significantly higher pay scale.

Is Eastern and Southern Colorado nonmetropolitan area a good place to live for Billing and Posting Clerks?

The Cost of Living Index in Eastern and Southern Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Eastern and Southern Colorado nonmetropolitan area?

Some top paying nearby cities include Colorado Springs, CO ($49,720) and Pueblo, CO.

How does the local salary compare to the national average?

The average annual salary for Billing and Posting Clerks in Eastern and Southern Colorado is $45,870, which is approximately $3,600 less than the national average of $49,470.

What is the significance of the Location Quotient (LQ)?

An LQ of 1.21 means that Billing and Posting Clerk jobs are 21% more concentrated in this region compared to the national average. This suggests a slightly higher demand or presence of these roles locally.

How does the cost of living affect the salary?

The Cost of Living Index is 100, matching the national average. This means that the $45,870 salary has the same purchasing power locally as the national average salary would have nationwide.

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

There are approximately 230 Billing and Posting Clerks employed in the Eastern and Southern Colorado 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 230 employees in the Eastern and Southern Colorado nonmetropolitan area area with a job density of 3.276 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.