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Average Billing and Posting Clerks Salary in New Jersey

Billing and Posting Clerks in New Jersey earn an impressive average annual salary of $53,240, surpassing the national average of $49,470. This elevated compensation is likely driven by New Jersey's robust economic landscape and a higher cost of living, necessitating greater pay to attract and retain skilled professionals in these essential financial roles.

Executive Summary

  • Average Salary: $53,240 per year.
  • Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $70,420.
  • Outlook: With a substantial local workforce of 12,670 Billing and Posting Clerks, New Jersey demonstrates a significant concentration of these professionals. The Location Quotient of 1.1 indicates a slightly higher prevalence of this occupation compared to the national average, suggesting a stable and potentially growing demand for their services within the state's diverse industries.
2024 Market Data

Salary Overview

$53,240

The average Billing and Posting Clerks in New Jersey earns+7.6%above the national average.

BreakdownBased on 40h/week
Hourly

$25.6

Weekly

$1,024

Monthly

$4,437

Billing and Posting Clerks Salary Distribution in New Jersey

The career path for Billing and Posting Clerks typically involves salary progression based on experience and skill. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with specialized knowledge or supervisory responsibilities can command significantly higher salaries, with percentile gaps reflecting these advancements.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$39,620$19
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$39,930$19.2
ManagerOversees team, compliance, and project delivery.50% (Median)$50,610$24.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$66,550$32
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$70,420$33.9

Detailed Billing and Posting Clerks Market Analysis

Relocation Context

Nominal Salary

$53,240

Gross Pay

Real Wage (Purchasing Power)

$47,367

Adjusted for COL (112.4)

While the average salary of $53,240 in New Jersey is attractive, it's crucial to consider the local Cost of Living Index of 112.4. This means that expenses are approximately 12.4% higher than the national average. Therefore, the purchasing power of the $53,240 salary in New Jersey is somewhat diminished compared to areas with a lower cost of living.

Job Market Context

12,670

Total Jobs

2.982

Per 1K Jobs

1.1

Location Quotient

Above Average

With a location quotient of 1.10, New Jersey has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.

A Location Quotient of 1.1 for Billing and Posting Clerks in New Jersey suggests a market that is slightly more concentrated than the national average. This indicates a healthy presence of these roles, implying a competitive yet accessible job market where employers actively seek qualified candidates, and professionals have a good number of opportunities.

Nearby Job Markets

Nearby Cities for Billing and Posting Clerks

CitySalaryDist.
Trenton-Princeton, NJ Billing and Posting Clerks Salary$52,510↓ 1%14 mi
New York-Newark-Jersey City, NY-NJ Billing and Posting Clerks Salary$58,670↑ 10%39 mi
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Billing and Posting Clerks Salary$52,750↓ 1%42 mi
Allentown-Bethlehem-Easton, PA-NJ Billing and Posting Clerks Salary$47,340↓ 11%54 mi
Vineland, NJ Billing and Posting Clerks Salary$49,250↓ 7%63 mi

Comparing salaries near New Jersey

Hiring Billing and Posting Clerkss?

Frequently Asked Questions

How much does a Billing and Posting Clerks make in New Jersey?

The median annual salary for a Billing and Posting Clerks in New Jersey is $53,240. This typically ranges from $39,620 for entry-level positions to $70,420 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Jersey is 7.6% higher than the national median of $49,470.

Is New Jersey a lucrative place for Billing and Posting Clerks?

Yes, New Jersey offers a lucrative environment for Billing and Posting Clerks.The average salary of $53,240 significantly exceeds the national average, providing a strong financial incentive despite a higher cost of living.

Is New Jersey a good place to live for Billing and Posting Clerks?

The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Jersey?

Some top paying nearby cities include Trenton-Princeton, NJ ($52,510) and New York-Newark-Jersey City, NY-NJ.

What is the average salary for a Billing and Posting Clerk in New Jersey?

The average annual salary for a Billing and Posting Clerk in New Jersey is $53,240.

How does the New Jersey salary compare to the national average?

The average salary in New Jersey is $53,240, which is higher than the national average of $49,470.

What is the Cost of Living Index in New Jersey?

New Jersey has a Cost of Living Index of 112.4, meaning it is 12.4% more expensive than the national average.

How concentrated is the job market for Billing and Posting Clerks in New Jersey?

New Jersey has a Location Quotient of 1.1 for this role, indicating a slightly higher concentration of Billing and Posting Clerks compared to the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,670 employees in the New Jersey area with a job density of 2.982 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Billing and Posting Clerks • Data source: BLS OEWS 2024 •Jobs in New Jersey