Average Billing and Posting Clerks Salary in Eastern New Mexico nonmetropolitan area
Billing and Posting Clerks in the Eastern New Mexico nonmetropolitan area earn an average annual salary of $43,780. This figure is notably below the national average of $49,470. This disparity is often influenced by regional economic factors, industry concentration, and the specific demand dynamics within this nonmetropolitan setting.
Executive Summary
- Average Salary: $43,780 per year.
- Growth Trend: Salaries have shifted 32.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,130.
- Outlook: The job market for Billing and Posting Clerks in Eastern New Mexico appears stable, with a local workforce of 470 individuals. The Location Quotient of 1.06 suggests a concentration of these roles slightly above the national average, indicating a consistent, albeit not rapidly expanding, demand for these professionals within the region.
Salary Overview
The average Billing and Posting Clerks in Eastern New Mexico nonmetropolitan area earns-11.5%below the national average.
$21.1
$842
$3,648
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for this precise region is not provided, it is generally assumed that salaries for Billing and Posting Clerks have seen moderate growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase aims to keep compensation competitive within the local labor market.
Billing and Posting Clerks Salary Distribution in Eastern New Mexico nonmetropolitan area
Career progression for Billing and Posting Clerks typically involves a salary increase with experience. Entry-level positions often fall in the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between these percentiles signifies the value placed on accumulated knowledge and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,360 | $14.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,835 | $15.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $40,650 | $19.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,725 | $26.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,130 | $29.9 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$43,780
Gross Pay
Real Wage (Purchasing Power)
$43,780
Adjusted for COL (100)
The average annual salary of $43,780 in Eastern New Mexico aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national standard, making the region's affordability a key factor.
Job Market Context
470
Total Jobs
2.866
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Eastern New Mexico 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 1.06, the job market for Billing and Posting Clerks in Eastern New Mexico is slightly more concentrated than the national average. This suggests a healthy presence of these roles, indicating a stable demand that is marginally higher than what might be expected based on the general population distribution.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Billing and Posting Clerks Salary | $44,850↑ 2% | 29 mi |
| Santa Fe, NM Billing and Posting Clerks Salary | $46,680↑ 7% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Billing and Posting Clerks in Eastern New Mexico nonmetropolitan area is $43,780. This typically ranges from $29,360 for entry-level positions to $62,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 11.5% lower than the national median of $49,470.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Billing and Posting Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is at the national average, the average salary of $43,780 is significantly lower than the national average of $49,470, indicating less lucrative earning potential.
Is Eastern New Mexico nonmetropolitan area a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($44,850) and Santa Fe, NM.
How does the local workforce size affect salary?
A local workforce of 470 suggests a moderate pool of talent. While not extremely small, it's not so large as to drive down wages significantly, but it doesn't create intense competition that would inflate salaries either.
What does a Location Quotient of 1.06 mean for job seekers?
A Location Quotient of 1.06 indicates that Billing and Posting Clerk roles are slightly more common in Eastern New Mexico than the national average. This suggests a stable job market with consistent opportunities.
How does the Cost of Living Index of 100 impact the salary?
An index of 100 means the cost of living in Eastern New Mexico is exactly the same as the national average. Therefore, the $43,780 salary has the same purchasing power as it would nationally, despite being a lower nominal figure.
What are the typical career paths for Billing and Posting Clerks?
Career paths often involve moving into senior clerk roles, supervisory positions, or specializing in areas like accounts receivable or payable. Further education or certifications can also lead to roles in accounting or financial analysis.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 2.866 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 Eastern New Mexico nonmetropolitan area