Average Billing and Posting Clerks Salary in Florence, SC
In Florence, SC, Billing and Posting Clerks earn an average annual salary of $41,390. This figure is notably below the national average of $49,470, suggesting that local economic factors and demand dynamics play a significant role in compensation within this region. The specific pay rates in Florence are influenced by the concentration of these roles and the overall economic landscape of the area.
Executive Summary
- Average Salary: $41,390 per year.
- Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $49,600.
- Outlook: With a local workforce of 340 Billing and Posting Clerks, Florence, SC demonstrates a moderate concentration of these professionals. The Location Quotient of 1.4 indicates a higher prevalence of these roles compared to the national average, suggesting a stable or potentially growing demand for skilled billing and posting personnel within the local job market.
Salary Overview
The average Billing and Posting Clerks in Florence, SC earns-16.3%below the national average.
$19.9
$796
$3,449
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Florence, SC is not provided, it is generally assumed that salaries for Billing and Posting Clerks nationwide have experienced a steady upward trend over the past four years, driven by inflation, increased demand for administrative support, and evolving business needs. This national trend likely reflects positively, albeit to varying degrees, on local salary adjustments in Florence.
Billing and Posting Clerks Salary Distribution in Florence, SC
The salary trajectory for Billing and Posting Clerks typically escalates with experience. 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 earnings clearly signify career progression opportunities and the value placed on seasoned professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,950 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,043 | $14.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,350 | $18.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,738 | $24.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $49,600 | $23.8 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$41,390
Gross Pay
Real Wage (Purchasing Power)
$41,390
Adjusted for COL (100)
For Billing and Posting Clerks considering a move to Florence, SC, the nominal salary of $41,390 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 in Florence is equivalent to the national average, offering a stable financial outlook without the immediate pressure of higher or lower living expenses.
Job Market Context
340
Total Jobs
3.788
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Florence, SC has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
The Location Quotient of 1.4 for Billing and Posting Clerks in Florence, SC, signifies a job market that is 40% more concentrated than the national average. This suggests a robust demand for these professionals relative to the general workforce, indicating that the market is competitive but also offers a good number of opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Sumter, SC Billing and Posting Clerks Salary | $40,460↓ 2% | 38 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Billing and Posting Clerks Salary | $41,740↑ 1% | 61 mi |
| Columbia, SC Billing and Posting Clerks Salary | $44,030↑ 6% | 64 mi |
| Northwestern South Carolina nonmetropolitan area Billing and Posting Clerks Salary | $39,750↓ 4% | 70 mi |
| Northeastern South Carolina nonmetropolitan area Billing and Posting Clerks Salary | $44,270↑ 7% | 70 mi |
Comparing salaries near Florence, SC
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Florence, SC?
The median annual salary for a Billing and Posting Clerks in Florence, SC is $41,390. This typically ranges from $30,950 for entry-level positions to $49,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 16.3% lower than the national median of $49,470.
Is Florence, SC a lucrative place for Billing and Posting Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $41,390 is significantly lower than the national average of $49,470, indicating less lucrative earning potential in nominal terms.
Is Florence, SC a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($40,460) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does Florence's Billing and Posting Clerk salary compare to the national average?
Billing and Posting Clerks in Florence, SC earn an average of $41,390 annually, which is approximately $8,000 less than the national average of $49,470.
What is the significance of the Location Quotient in Florence?
A Location Quotient of 1.4 means that Billing and Posting Clerk roles are 40% more concentrated in Florence, SC, than the national average, indicating a higher relative demand for these positions locally.
Does the cost of living in Florence affect the salary?
The cost of living in Florence is at the national average (100), meaning the $41,390 salary has purchasing power equivalent to the national average, despite being lower than the national salary figure.
How many Billing and Posting Clerks are there in Florence, SC?
There are approximately 340 Billing and Posting Clerks employed in Florence, SC, representing 3.788 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Florence, SC area with a job density of 3.788 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 Florence, SC