Average Billing and Posting Clerks Salary in Richmond, VA
Billing and Posting Clerks in Richmond, VA, earn an average annual salary of $48,260. This figure is slightly below the national average of $49,470, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the Richmond metropolitan area. While close to the national benchmark, subtle variations underscore the importance of understanding local market dynamics.
Executive Summary
- Average Salary: $48,260 per year.
- Growth Trend: Salaries have shifted 20.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,810.
- Outlook: With a local workforce of 1,690 Billing and Posting Clerks, Richmond, VA, demonstrates a stable presence in this sector. The Location Quotient of 0.96 indicates that the concentration of these roles is nearly on par with the national average, suggesting a consistent, albeit not exceptionally high, demand for these professionals within the region's economic landscape. This steady employment base provides a reliable outlook for individuals in this field.
Salary Overview
The average Billing and Posting Clerks in Richmond, VA earns-2.4%below the national average.
$23.2
$928
$4,022
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Richmond, VA is not provided, it is reasonable to assume that salaries for Billing and Posting Clerks have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, inflation, and evolving industry needs typically drive modest annual increases in compensation for administrative roles, ensuring that pay remains competitive within the local market.
Billing and Posting Clerks Salary Distribution in Richmond, VA
Career progression for Billing and Posting Clerks in Richmond, VA, typically involves a salary increase from entry-level to senior positions. While specific percentile data is unavailable, it's common for experienced professionals to command higher salaries, reflecting accumulated expertise, increased responsibilities, and a deeper understanding of complex billing and posting procedures. The gap between entry-level and senior roles signifies a clear path for career advancement and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,790 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,195 | $17.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,500 | $22.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,325 | $29 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,810 | $30.2 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$48,260
Gross Pay
Real Wage (Purchasing Power)
$48,260
Adjusted for COL (100)
The average annual salary of $48,260 for Billing and Posting Clerks in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced financial standing for residents. Individuals relocating to Richmond can expect their earnings to cover standard living expenses without significant strain compared to the national median.
Job Market Context
1,690
Total Jobs
2.596
Per 1K Jobs
0.96
Location Quotient
Richmond, VA has 0.96x 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.
Richmond, VA, presents a market for Billing and Posting Clerks where the concentration of jobs (Location Quotient of 0.96) is very close to the national average. This suggests that the demand for these roles is neither exceptionally high nor particularly low, indicating a balanced and competitive job market. Professionals may find a steady number of opportunities without facing intense competition or an oversupply of candidates.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Billing and Posting Clerks Salary | $46,260↓ 4% | 41 mi |
| Northern West Virginia nonmetropolitan area Billing and Posting Clerks Salary | $39,310↓ 19% | 41 mi |
| Southwest Virginia nonmetropolitan area Billing and Posting Clerks Salary | $41,900↓ 13% | 41 mi |
| Northwest Virginia nonmetropolitan area Billing and Posting Clerks Salary | $44,580↓ 8% | 41 mi |
| Southern West Virginia nonmetropolitan area Billing and Posting Clerks Salary | $37,960↓ 21% | 41 mi |
Comparing salaries near Richmond, VA
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Richmond, VA?
The median annual salary for a Billing and Posting Clerks in Richmond, VA is $48,260. This typically ranges from $35,790 for entry-level positions to $62,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 2.4% lower than the national median of $49,470.
Is Richmond, VA a lucrative place for Billing and Posting Clerks?
No, but it is competitive.The average salary of $48,260 is slightly below the national average, but the cost of living is also at the national average, making it a financially stable location. The job market concentration is nearly on par with the national average, indicating a balanced level of opportunity.
Is Richmond, VA a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($46,260) and Northern West Virginia nonmetropolitan area.
How does the number of Billing and Posting Clerks in Richmond compare nationally?
Richmond, VA, has a total local workforce of 1,690 Billing and Posting Clerks, with 2.596 jobs per 1,000 workers, indicating a significant presence in the region.
What is the significance of a Location Quotient of 0.96?
A Location Quotient of 0.96 signifies that the concentration of Billing and Posting Clerks in Richmond, VA, is slightly lower than the national average, suggesting a stable but not overly saturated job market for this profession.
How does Richmond's cost of living affect the Billing and Posting Clerk salary?
With a Cost of Living Index of 100, Richmond's cost of living matches the national average. This means the $48,260 salary offers purchasing power equivalent to the national median, providing a stable financial environment.
What are the typical career paths for Billing and Posting Clerks?
Career paths often involve progressing from entry-level roles to senior positions, potentially specializing in areas like accounts receivable or payable, or moving into supervisory or management roles within finance departments.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,690 employees in the Richmond, VA area with a job density of 2.596 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 Richmond, VA