Average Billing and Posting Clerks Salary in Lafayette-West Lafayette, IN
Billing and Posting Clerks in Lafayette-West Lafayette, IN earn an average annual salary of $43,930. This figure is notably below the national average of $49,470, suggesting that local market dynamics and potentially a lower demand for specialized billing roles in this specific metropolitan area influence compensation. The economic landscape of Lafayette-West Lafayette shapes the earning potential for these essential administrative positions.
Executive Summary
- Average Salary: $43,930 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $54,870.
- Outlook: The Lafayette-West Lafayette, IN job market for Billing and Posting Clerks, while not as concentrated as the national average with a Location Quotient of 0.72, still supports a workforce of approximately 200 individuals. This indicates a stable, albeit niche, presence of these roles within the local economy. The density of 1.956 jobs per 1,000 workers suggests a consistent, though not booming, demand for these professionals.
Salary Overview
The average Billing and Posting Clerks in Lafayette-West Lafayette, IN earns-11.2%below the national average.
$21.1
$845
$3,661
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Lafayette-West Lafayette's Billing and Posting Clerk salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and evolving industry needs typically drive salary increases for administrative roles. Therefore, professionals in this field likely have experienced modest salary appreciation over the last quadrennium, aligning with broader labor market adjustments.
Billing and Posting Clerks Salary Distribution in Lafayette-West Lafayette, IN
Career progression for Billing and Posting Clerks in Lafayette-West Lafayette, IN, typically involves a discernible salary increase with experience. Entry-level positions may 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 reflect these opportunities for advancement and increased earning potential throughout one's career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,920 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,948 | $15.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,760 | $21 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,913 | $26.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $54,870 | $26.4 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$43,930
Gross Pay
Real Wage (Purchasing Power)
$43,930
Adjusted for COL (100)
For individuals considering a move to Lafayette-West Lafayette, IN, the nominal average salary of $43,930 for Billing and Posting Clerks aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, indicating that the cost of essential goods and services in Lafayette-West Lafayette is neither significantly higher nor lower than the national benchmark.
Job Market Context
200
Total Jobs
1.956
Per 1K Jobs
0.72
Location Quotient
Lafayette-West Lafayette, IN has 0.72x 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 0.72, the job market for Billing and Posting Clerks in Lafayette-West Lafayette, IN, is less concentrated than the national average. This suggests that while there is a steady presence of these roles, the market is not saturated, and opportunities may be more specialized or tied to specific local industries. The lower quotient indicates that employers may have a slightly wider pool of candidates relative to the national density, potentially influencing hiring dynamics.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Billing and Posting Clerks Salary | $43,370↓ 1% | 39 mi |
| Northern Indiana nonmetropolitan area Billing and Posting Clerks Salary | $42,900↓ 2% | 50 mi |
| Southern Indiana nonmetropolitan area Billing and Posting Clerks Salary | $43,860↓ 0% | 50 mi |
| Central Indiana nonmetropolitan area Billing and Posting Clerks Salary | $44,360↑ 1% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Billing and Posting Clerks Salary | $47,370↑ 8% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Lafayette-West Lafayette, IN?
The median annual salary for a Billing and Posting Clerks in Lafayette-West Lafayette, IN is $43,930. This typically ranges from $33,920 for entry-level positions to $54,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 11.2% lower than the national median of $49,470.
Is Lafayette-West Lafayette, IN a lucrative place for Billing and Posting Clerks?
No, it is not exceptionally lucrative compared to the national average.The average salary of $43,930 is below the national average of $49,470, although the cost of living is on par with the national average. This indicates that while expenses are manageable, the earning potential is somewhat limited in this specific location.
Is Lafayette-West Lafayette, IN a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($43,370) and Northern Indiana nonmetropolitan area.
How does the Lafayette-West Lafayette salary compare to the national average?
The average annual salary for Billing and Posting Clerks in Lafayette-West Lafayette, IN is $43,930, which is approximately $5,540 less than the national average of $49,470.
What is the Cost of Living in Lafayette-West Lafayette, IN?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100, which is exactly the national average, meaning the cost of goods and services is neither significantly higher nor lower than the national benchmark.
How many Billing and Posting Clerks are there in Lafayette-West Lafayette, IN?
There are approximately 200 Billing and Posting Clerks employed in the Lafayette-West Lafayette, IN area, representing 1.956 jobs per 1,000 workers.
Is the job market for Billing and Posting Clerks strong in Lafayette-West Lafayette, IN?
The job market is stable but not highly concentrated, with a Location Quotient of 0.72, indicating a moderate level of demand and availability of these roles within 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 200 employees in the Lafayette-West Lafayette, IN area with a job density of 1.956 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 Lafayette-West Lafayette, IN