Average Billing and Posting Clerks Salary in Monroe, LA
Billing and Posting Clerks in Monroe, LA earn an average annual salary of $38,490, which is notably below the national average of $49,470. This disparity is often influenced by the local economic landscape, industry demand, and the overall cost of doing business within the region. Factors specific to Monroe's economy play a significant role in shaping compensation for these essential administrative roles.
Executive Summary
- Average Salary: $38,490 per year.
- Growth Trend: Salaries have shifted 3.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $51,890.
- Outlook: The job market for Billing and Posting Clerks in Monroe, LA, appears stable, with a total local workforce of 260 individuals in this role. The Location Quotient of 1.1 suggests a slightly higher concentration of these jobs compared to the national average, indicating a consistent, albeit not overwhelmingly robust, demand within the local economy. This level of concentration implies a steady need for these professionals without an oversaturation of the market.
Salary Overview
The average Billing and Posting Clerks in Monroe, LA earns-22.2%below the national average.
$18.5
$740
$3,208
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Monroe'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 business needs typically drive modest annual salary increases for administrative positions. Therefore, professionals in this field likely experienced gradual compensation growth, reflecting broader economic adjustments and increased demand for efficient billing and posting services.
Billing and Posting Clerks Salary Distribution in Monroe, LA
Career progression for Billing and Posting Clerks typically involves a salary increase tied to experience and skill development. Entry-level positions often start at the lower end of the pay scale, while senior clerks with extensive experience in complex billing systems, accounts receivable, and financial reconciliation can command significantly higher salaries. The percentile gaps in salary distribution highlight these opportunities for advancement, rewarding accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,620 | $13.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $28,868 | $13.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,440 | $18 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $48,113 | $23.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $51,890 | $24.9 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$38,490
Gross Pay
Real Wage (Purchasing Power)
$38,490
Adjusted for COL (100)
The average annual salary of $38,490 in Monroe, LA, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Billing and Posting Clerk's salary in Monroe is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers comparable financial stability to that experienced in other parts of the country.
Job Market Context
260
Total Jobs
2.991
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Monroe, LA has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
With a Location Quotient of 1.1, Monroe, LA, exhibits a slightly higher concentration of Billing and Posting Clerk positions than the national average. This suggests a moderately competitive market where demand is present and perhaps slightly more pronounced than in a typical U.S. city. While not indicating an exceptionally high demand, it signifies that employers in Monroe actively seek these professionals, making it a viable market for job seekers in this field.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Billing and Posting Clerks Salary | $42,020↑ 9% | 88 mi |
| Southwest Louisiana nonmetropolitan area Billing and Posting Clerks Salary | $39,820↑ 3% | 94 mi |
| Central Louisiana nonmetropolitan area Billing and Posting Clerks Salary | $40,210↑ 4% | 94 mi |
| Northeast Louisiana nonmetropolitan area Billing and Posting Clerks Salary | $41,900↑ 9% | 94 mi |
Comparing salaries near Monroe, LA
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Monroe, LA?
The median annual salary for a Billing and Posting Clerks in Monroe, LA is $38,490. This typically ranges from $27,620 for entry-level positions to $51,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 22.2% lower than the national median of $49,470.
Is Monroe, LA a lucrative place for Billing and Posting Clerks?
No, it is not particularly lucrative compared to national averages.The average salary of $38,490 is significantly lower than the national average of $49,470. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Monroe, LA a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($42,020) and Southwest Louisiana nonmetropolitan area.
How does the number of Billing and Posting Clerks in Monroe compare nationally?
Monroe, LA has approximately 2.991 Billing and Posting Clerks per 1,000 workers, indicating a slightly higher concentration than the national average.
What is the total number of Billing and Posting Clerks in Monroe, LA?
There are an estimated 260 Billing and Posting Clerks employed in Monroe, LA.
Does experience impact salary for Billing and Posting Clerks in Monroe?
Yes, like most professions, experience significantly influences salary. Senior clerks with more expertise and responsibilities generally earn more than entry-level positions.
How does Monroe's cost of living affect the salary?
Monroe's cost of living index is 100, which is the national average. This means the $38,490 salary has the same purchasing power as a similar salary in a national average cost-of-living area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Monroe, LA area with a job density of 2.991 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 Monroe, LA