Average Billing and Posting Clerks Salary in Minnesota
Billing and Posting Clerks in Minnesota earn an average annual salary of $54,240, surpassing the national average of $49,470. This higher compensation in Minnesota can be attributed to a combination of factors, including the state's economic landscape and the specific demand for these essential financial roles within its industries.
Executive Summary
- Average Salary: $54,240 per year.
- Growth Trend: Salaries have shifted 23.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $67,820.
- Outlook: With a local workforce of 6,830 Billing and Posting Clerks, Minnesota demonstrates a significant presence in this occupation. The Location Quotient of 0.86 suggests that while the concentration is slightly below the national average, the sheer size of the workforce indicates a stable and consistent demand for these professionals across various sectors within the state.
Salary Overview
The average Billing and Posting Clerks in Minnesota earns+9.6%above the national average.
$26.1
$1,043
$4,520
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 Minnesota have experienced steady growth over the past four years, mirroring national trends. Economic expansion and evolving business needs typically drive an upward trajectory in compensation for administrative and financial support roles.
Billing and Posting Clerks Salary Distribution in Minnesota
Salary progression for Billing and Posting Clerks in Minnesota typically scales with experience. Entry-level positions may start at a lower percentile, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,940 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,680 | $19.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,720 | $25.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,800 | $32.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $67,820 | $32.6 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$54,240
Gross Pay
Real Wage (Purchasing Power)
$57,458
Adjusted for COL (94.4)
The average annual salary of $54,240 in Minnesota presents a favorable financial standing when considering the local Cost of Living Index of 94.4. This index indicates that the cost of living is slightly below the national average, meaning that the nominal salary earned by Billing and Posting Clerks in Minnesota offers a strong purchasing power, potentially exceeding that of higher-paying states with a significantly higher cost of living.
Job Market Context
6,830
Total Jobs
2.339
Per 1K Jobs
0.86
Location Quotient
Minnesota has 0.86x 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.
A Location Quotient of 0.86 for Billing and Posting Clerks in Minnesota suggests that the occupation is slightly less concentrated than the national average. This indicates a moderately competitive market, where employers may need to actively recruit to fill positions, potentially leading to competitive compensation and benefits to attract skilled professionals.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Billing and Posting Clerks Salary | $50,780↓ 6% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Billing and Posting Clerks Salary | $55,500↑ 2% | 58 mi |
Comparing salaries near Minnesota
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Minnesota?
The median annual salary for a Billing and Posting Clerks in Minnesota is $54,240. This typically ranges from $42,940 for entry-level positions to $67,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minnesota is 9.6% higher than the national median of $49,470.
Is Minnesota a lucrative place for Billing and Posting Clerks?
Yes, Minnesota offers a lucrative environment for Billing and Posting Clerks.The average salary of $54,240 is higher than the national average, and the cost of living is below the national average, enhancing purchasing power.
Is Minnesota a good place to live for Billing and Posting Clerks?
With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Minnesota?
Some top paying nearby cities include St. Cloud, MN ($50,780) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does Minnesota's average salary compare to the national average for Billing and Posting Clerks?
Billing and Posting Clerks in Minnesota earn an average of $54,240 annually, which is notably higher than the national average of $49,470.
What is the concentration of Billing and Posting Clerks in Minnesota compared to the rest of the country?
Minnesota has a Location Quotient of 0.86 for this role, indicating a slightly lower concentration of Billing and Posting Clerks relative to the national average.
How does the cost of living in Minnesota affect the purchasing power of a Billing and Posting Clerk's salary?
With a Cost of Living Index of 94.4, Minnesota is slightly more affordable than the national average, meaning the $54,240 salary provides greater purchasing power.
What does the total local workforce number suggest about job availability?
The total local workforce of 6,830 Billing and Posting Clerks suggests a substantial and established presence of this occupation within Minnesota, indicating consistent job opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,830 employees in the Minnesota area with a job density of 2.339 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 Minnesota