Average Billing and Posting Clerks Salary in Lexington-Fayette, KY
Billing and Posting Clerks in Lexington-Fayette, KY, earn an average annual salary of $43,840. This figure is notably below the national average of $49,470, indicating that local market dynamics and potentially a different economic structure influence compensation for this role in the region.
Executive Summary
- Average Salary: $43,840 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,430.
- Outlook: The job market for Billing and Posting Clerks in Lexington-Fayette, KY, shows a healthy concentration, with a Location Quotient of 1.46, suggesting a demand that exceeds the national average. The presence of 1,120 professionals in this field, representing 3.951 jobs per 1,000 workers, indicates a robust and established presence for this occupation within the local workforce.
Salary Overview
The average Billing and Posting Clerks in Lexington-Fayette, KY earns-11.4%below the national average.
$21.1
$843
$3,653
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Billing and Posting Clerks have experienced steady growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is typical for roles requiring consistent administrative and financial processing skills, suggesting that the $43,840 average may see incremental increases in the coming years.
Billing and Posting Clerks Salary Distribution in Lexington-Fayette, KY
Career progression for Billing and Posting Clerks typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,700 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,880 | $15.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,470 | $19 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,800 | $26.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,430 | $26.6 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$43,840
Gross Pay
Real Wage (Purchasing Power)
$43,840
Adjusted for COL (100)
The average annual salary of $43,840 for Billing and Posting Clerks in Lexington-Fayette, KY, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing for residents without the added pressure of higher or lower living expenses.
Job Market Context
1,120
Total Jobs
3.951
Per 1K Jobs
1.46
Location Quotient
With a location quotient of 1.46, Lexington-Fayette, KY has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
With a Location Quotient of 1.46, Lexington-Fayette, KY, demonstrates a higher concentration of Billing and Posting Clerks than the national average. This suggests a potentially competitive market for employers seeking talent, as the demand for these specialized roles is more pronounced locally. For job seekers, this concentration may indicate more opportunities but also a need to stand out among a larger pool of qualified professionals.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Billing and Posting Clerks Salary | $38,960↓ 11% | 28 mi |
| South Central Kentucky nonmetropolitan area Billing and Posting Clerks Salary | $37,740↓ 14% | 28 mi |
| West Kentucky nonmetropolitan area Billing and Posting Clerks Salary | $38,640↓ 12% | 28 mi |
| East Kentucky nonmetropolitan area Billing and Posting Clerks Salary | $35,980↓ 18% | 28 mi |
| Louisville/Jefferson County, KY-IN Billing and Posting Clerks Salary | $45,400↑ 4% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Lexington-Fayette, KY?
The median annual salary for a Billing and Posting Clerks in Lexington-Fayette, KY is $43,840. This typically ranges from $36,700 for entry-level positions to $55,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 11.4% lower than the national median of $49,470.
Is Lexington-Fayette, KY a lucrative place for Billing and Posting Clerks?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $43,840 is below the national average of $49,470, indicating less lucrative compensation in this specific region.
Is Lexington-Fayette, KY a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($38,960) and South Central Kentucky nonmetropolitan area.
How does the number of Billing and Posting Clerks in Lexington-Fayette, KY compare nationally?
Lexington-Fayette, KY has 1,120 Billing and Posting Clerks, with 3.951 jobs per 1,000 workers, which is higher than the national average given the Location Quotient of 1.46.
What is the significance of the Location Quotient for this role in Lexington-Fayette, KY?
A Location Quotient of 1.46 signifies that Billing and Posting Clerks are more concentrated in Lexington-Fayette, KY than the national average, suggesting a stronger local demand or a larger industry presence for this occupation.
Does the cost of living affect the perceived value of a Billing and Posting Clerk's salary in Lexington-Fayette, KY?
No, the cost of living index is exactly 100, meaning it matches the national average. Therefore, the $43,840 salary has average purchasing power locally.
What is the national average salary for Billing and Posting Clerks?
The national average annual salary for Billing and Posting Clerks is $49,470.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,120 employees in the Lexington-Fayette, KY area with a job density of 3.951 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 Lexington-Fayette, KY