Average Billing and Posting Clerks Salary in Peoria, IL
Billing and Posting Clerks in Peoria, IL earn an average annual salary of $47,570. This figure is slightly below the national average of $49,470, suggesting that local market dynamics and economic factors in Peoria influence compensation for this role. While the nominal salary may be lower, the cost of living in Peoria is also at the national average, which can impact the actual purchasing power of these earnings.
Executive Summary
- Average Salary: $47,570 per year.
- Growth Trend: Salaries have shifted 21.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,420.
- Outlook: Peoria, IL supports a local workforce of 550 Billing and Posting Clerks, indicating a stable presence for this occupation. The location quotient of 1.24 signifies that this role is more concentrated in Peoria than the national average, suggesting a potentially robust demand or a specialized local industry that relies on these services. With 3.353 jobs per 1,000 workers, the employment landscape for Billing and Posting Clerks in Peoria appears solid.
Salary Overview
The average Billing and Posting Clerks in Peoria, IL earns-3.8%below the national average.
$22.9
$915
$3,964
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Peoria's Billing and Posting Clerks is not provided, it is reasonable to assume that salaries for this role have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically contribute to incremental increases in compensation for administrative support roles like Billing and Posting Clerks, ensuring that their pay remains competitive within the local market.
Billing and Posting Clerks Salary Distribution in Peoria, IL
The career trajectory for Billing and Posting Clerks in Peoria, IL, typically involves salary increases with accumulated experience. Entry-level positions often start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in salary distribution reflect these progression opportunities, rewarding dedicated professionals who develop expertise and take on greater responsibilities within their roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,260 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,678 | $17.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,990 | $23.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,463 | $28.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,420 | $27.1 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$47,570
Gross Pay
Real Wage (Purchasing Power)
$47,570
Adjusted for COL (100)
With an average annual salary of $47,570 and a Cost of Living Index of 100 (matching the national average), the nominal income for Billing and Posting Clerks in Peoria, IL, effectively holds its ground against national benchmarks. This means that the purchasing power of their salary in Peoria is comparable to what a Billing and Posting Clerk would experience in an average-cost U.S. city, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
550
Total Jobs
3.353
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Peoria, IL has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
The location quotient of 1.24 for Billing and Posting Clerks in Peoria, IL, indicates a higher concentration of these roles compared to the national average. This suggests that the job market in Peoria may be more competitive or that there's a greater reliance on these professionals within the local economy. While this could mean more opportunities, it also implies that employers might have a larger pool of candidates to choose from, potentially influencing hiring dynamics.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Billing and Posting Clerks Salary | $45,510↓ 4% | 39 mi |
| West Central Illinois nonmetropolitan area Billing and Posting Clerks Salary | $43,970↓ 8% | 43 mi |
| East Central Illinois nonmetropolitan area Billing and Posting Clerks Salary | $46,120↓ 3% | 43 mi |
| Northwest Illinois nonmetropolitan area Billing and Posting Clerks Salary | $45,830↓ 4% | 43 mi |
| South Illinois nonmetropolitan area Billing and Posting Clerks Salary | $43,180↓ 9% | 43 mi |
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Peoria, IL?
The median annual salary for a Billing and Posting Clerks in Peoria, IL is $47,570. This typically ranges from $37,260 for entry-level positions to $56,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 3.8% lower than the national median of $49,470.
Is Peoria, IL a lucrative place for Billing and Posting Clerks?
Yes, it offers comparable value to the national average.While the average salary is slightly below the national average, Peoria's cost of living also matches the national average, meaning your earnings retain similar purchasing power. The higher concentration of these roles suggests steady demand.
Is Peoria, IL a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($45,510) and West Central Illinois nonmetropolitan area.
How does Peoria's cost of living affect Billing and Posting Clerk salaries?
Peoria's Cost of Living Index is 100, which is the national average. This means that the $47,570 average salary for Billing and Posting Clerks in Peoria offers purchasing power equivalent to the national average, making it neither significantly more nor less lucrative from a cost-of-living standpoint.
What does the Location Quotient of 1.24 mean for Billing and Posting Clerks in Peoria?
A Location Quotient of 1.24 signifies that Billing and Posting Clerk roles are 24% more concentrated in Peoria than the national average. This suggests a potentially stronger local demand or a specialized industry presence for these positions.
How many Billing and Posting Clerks are there in Peoria, IL?
Peoria, IL has a local workforce of approximately 550 Billing and Posting Clerks, indicating a substantial presence of this occupation within the city.
Are there more Billing and Posting Clerk jobs per capita in Peoria compared to the national average?
Yes, Peoria has 3.353 Billing and Posting Clerk jobs per 1,000 workers, which is higher than the national average, indicating a greater density of these roles within the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Peoria, IL area with a job density of 3.353 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 Peoria, IL