Average Billing and Posting Clerks Salary in Madison, WI
Billing and Posting Clerks in Madison, WI, earn an average annual salary of $49,640. This figure is slightly above the national average of $49,470, indicating a stable demand for these administrative roles within the local economy. Factors such as the specific industry mix and the operational needs of businesses in the Madison area contribute to this competitive compensation.
Executive Summary
- Average Salary: $49,640 per year.
- Growth Trend: Salaries have shifted 13.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,030.
- Outlook: With a local workforce of 1,250 Billing and Posting Clerks, Madison, WI, demonstrates a significant concentration of these professionals, as evidenced by a Location Quotient of 1.14. This suggests that the demand for these roles is robust and potentially growing, exceeding the national average relative to the overall workforce. The presence of 3.089 jobs per 1,000 workers further underscores the active job market for this occupation in the region.
Salary Overview
The average Billing and Posting Clerks in Madison, WI earns+0.3%above the national average.
$23.9
$955
$4,137
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Billing and Posting Clerks in Madison, WI, have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for administrative support, and the need for skilled professionals to manage financial transactions accurately.
Billing and Posting Clerks Salary Distribution in Madison, WI
The salary range for Billing and Posting Clerks in Madison, WI, naturally scales with experience. Entry-level positions typically fall within the lower percentiles, while senior or lead roles command salaries in the higher percentiles. This progression signifies not only increased responsibility but also the accumulation of specialized skills and institutional knowledge, which employers are willing to compensate for.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,170 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,230 | $17.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,140 | $23.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,050 | $29.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,030 | $29.3 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$49,640
Gross Pay
Real Wage (Purchasing Power)
$49,640
Adjusted for COL (100)
The average annual salary of $49,640 in Madison, WI, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Billing and Posting Clerk's salary in Madison is equivalent to that of their counterparts in a typical U.S. city, making it a financially neutral location for relocation in terms of living expenses.
Job Market Context
1,250
Total Jobs
3.089
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Madison, WI has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
A Location Quotient of 1.14 for Billing and Posting Clerks in Madison, WI, indicates a market that is 14% more concentrated than the national average. This suggests a healthy demand and a potentially competitive environment for skilled professionals in this field within the city, offering ample opportunities for those seeking employment.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Billing and Posting Clerks Salary | $45,050↓ 9% | 33 mi |
| Rockford, IL Billing and Posting Clerks Salary | $46,230↓ 7% | 59 mi |
| Milwaukee-Waukesha, WI Billing and Posting Clerks Salary | $49,410↓ 0% | 72 mi |
| Oshkosh-Neenah, WI Billing and Posting Clerks Salary | $46,320↓ 7% | 77 mi |
Comparing salaries near Madison, WI
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Madison, WI?
The median annual salary for a Billing and Posting Clerks in Madison, WI is $49,640. This typically ranges from $39,170 for entry-level positions to $61,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 0.3% higher than the national median of $49,470.
Is Madison, WI a lucrative place for Billing and Posting Clerks?
Yes, Madison, WI offers a slightly above-average salary for Billing and Posting Clerks.The average annual salary of $49,640 slightly surpasses the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Madison, WI a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($45,050) and Rockford, IL.
How does the number of Billing and Posting Clerks in Madison compare nationally?
Madison, WI has a total local workforce of 1,250 Billing and Posting Clerks, with a Location Quotient of 1.14, indicating a higher concentration than the national average.
What is the cost of living impact on a Billing and Posting Clerk's salary in Madison?
The Cost of Living Index in Madison is 100, which is the national average. This means the $49,640 salary has standard purchasing power.
Are there many job openings for Billing and Posting Clerks in Madison?
With 3.089 jobs per 1,000 workers, the job market for Billing and Posting Clerks in Madison appears robust and offers a good number of opportunities relative to the workforce size.
How does experience affect Billing and Posting Clerk salaries in Madison?
As with most professions, experience significantly impacts salary. Entry-level positions will be at the lower end of the pay scale, while senior roles with more responsibility and expertise will command higher salaries, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,250 employees in the Madison, WI area with a job density of 3.089 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 Madison, WI