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Average Billing and Posting Clerks Salary in Northern Michigan nonmetropolitan area

Billing and Posting Clerks in the Northern Michigan nonmetropolitan area earn an average annual salary of $43,610. This figure is notably below the national average of $49,470. The localized pay structure is influenced by the specific economic conditions and demand within this nonmetropolitan region, which often results in compensation adjustments compared to larger urban centers.

Executive Summary

  • Average Salary: $43,610 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $55,880.
  • Outlook: The job market for Billing and Posting Clerks in Northern Michigan appears stable, with a local workforce of 330 individuals. The Location Quotient of 1.03 suggests a concentration of these roles that is slightly above the national average, indicating a steady, albeit not rapidly expanding, demand for these essential administrative functions within the region's economy.
2024 Market Data

Salary Overview

$43,610

The average Billing and Posting Clerks in Northern Michigan nonmetropolitan area earns-11.8%below the national average.

BreakdownBased on 40h/week
Hourly

$21

Weekly

$839

Monthly

$3,634

Billing and Posting Clerks Salary Distribution in Northern Michigan nonmetropolitan area

Career progression for Billing and Posting Clerks typically involves moving from entry-level positions to more senior roles, which is reflected in salary increases. While specific percentile data is unavailable, the gap between starting salaries and those earned by experienced professionals generally signifies increased responsibility, specialized skills, and a proven track record, leading to higher earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,010$14.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,708$15.7
ManagerOversees team, compliance, and project delivery.50% (Median)$43,830$21.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$54,513$26.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$55,880$26.9

Detailed Billing and Posting Clerks Market Analysis

Relocation Context

Nominal Salary

$43,610

Gross Pay

Real Wage (Purchasing Power)

$43,610

Adjusted for COL (100)

The average annual salary of $43,610 in Northern Michigan aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Billing and Posting Clerk's salary in this region is equivalent to that of their counterparts in a national average cost-of-living area, suggesting no significant advantage or disadvantage in terms of real income.

Job Market Context

330

Total Jobs

2.79

Per 1K Jobs

1.03

Location Quotient

Above Average

With a location quotient of 1.03, Northern Michigan nonmetropolitan area has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.

With a Location Quotient of 1.03, the market for Billing and Posting Clerks in Northern Michigan is slightly more concentrated than the national average. This indicates a healthy presence of these roles relative to the overall workforce, suggesting a stable demand that is well-supported by the local job landscape. It implies that while the market isn't oversaturated, opportunities are consistently available.

Nearby Job Markets

Nearby Cities for Billing and Posting Clerks

Comparing salaries near Northern Michigan nonmetropolitan area

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Frequently Asked Questions

How much does a Billing and Posting Clerks make in Northern Michigan nonmetropolitan area?

The median annual salary for a Billing and Posting Clerks in Northern Michigan nonmetropolitan area is $43,610. This typically ranges from $31,010 for entry-level positions to $55,880 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northern Michigan nonmetropolitan area is 11.8% lower than the national median of $49,470.

Is Northern Michigan nonmetropolitan area a lucrative place for Billing and Posting Clerks?

No, it is not exceptionally lucrative compared to national averages.The average salary of $43,610 is below the national average of $49,470, although the cost of living is on par with the national average.

Is Northern Michigan nonmetropolitan area a good place to live for Billing and Posting Clerks?

The Cost of Living Index in Northern Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northern Michigan nonmetropolitan area?

Some top paying nearby cities include Midland, MI ($45,080) and Saginaw, MI.

How does the Northern Michigan salary compare to the national average?

Billing and Posting Clerks in Northern Michigan earn an average of $43,610 annually, which is less than the national average of $49,470.

What is the concentration of Billing and Posting Clerks in Northern Michigan?

The concentration, measured by the Location Quotient, is 1.03, indicating a slightly higher presence of these roles compared to the national average.

How does the cost of living affect the salary in Northern Michigan?

The cost of living in Northern Michigan is at the national average (100), meaning the $43,610 salary has purchasing power equivalent to the national average.

What is the total number of Billing and Posting Clerks in this region?

There are approximately 330 Billing and Posting Clerks employed in the Northern Michigan nonmetropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Northern Michigan nonmetropolitan area area with a job density of 2.79 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.