Average Billing and Posting Clerks Salary in Rochester, MN
Billing and Posting Clerks in Rochester, MN, command an impressive average annual salary of $59,550, significantly outperforming the national average of $49,470. This elevated compensation is largely driven by the specialized demand and concentration of these roles within the Rochester economic landscape.
Executive Summary
- Average Salary: $59,550 per year.
- Growth Trend: Salaries have shifted 39.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $65,430.
- Outlook: The local job market for Billing and Posting Clerks in Rochester, MN, appears robust, supported by a dedicated workforce of 480 professionals. A Location Quotient of 1.47 indicates a higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for skilled individuals in this sector.
Salary Overview
The average Billing and Posting Clerks in Rochester, MN earns+20.4%above the national average.
$28.6
$1,145
$4,963
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Billing and Posting Clerks in Rochester, MN, have experienced steady growth over the past four years, mirroring national trends of increasing wages in administrative and financial support roles. This upward trajectory is likely influenced by inflation, evolving industry demands, and the overall economic health of the region.
Billing and Posting Clerks Salary Distribution in Rochester, MN
Career progression for Billing and Posting Clerks in Rochester, MN, typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the expected salary gap between junior and experienced professionals signifies substantial opportunities for advancement and increased earning potential as one gains more expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,220 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,663 | $21.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,870 | $30.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $74,438 | $35.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $65,430 | $31.5 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$59,550
Gross Pay
Real Wage (Purchasing Power)
$59,550
Adjusted for COL (100)
With an average annual salary of $59,550 and a Cost of Living Index at the national average of 100, Rochester, MN, offers a strong purchasing power for Billing and Posting Clerks. This means that the nominal salary translates effectively into real income, allowing for a comfortable standard of living without the financial strain often associated with higher cost-of-living areas.
Job Market Context
480
Total Jobs
3.982
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Rochester, MN has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
Rochester, MN, exhibits a notable concentration of Billing and Posting Clerks, as evidenced by a Location Quotient of 1.47. This suggests that the job market is more specialized and potentially more competitive for employers seeking talent, while offering greater opportunities for job seekers compared to the national average.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| La Crosse-Onalaska, WI-MN Billing and Posting Clerks Salary | $48,110↓ 19% | 64 mi |
| Eau Claire, WI Billing and Posting Clerks Salary | $47,420↓ 20% | 74 mi |
| Mankato, MN Billing and Posting Clerks Salary | $49,600↓ 17% | 75 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Billing and Posting Clerks Salary | $55,500↓ 7% | 77 mi |
Comparing salaries near Rochester, MN
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Rochester, MN?
The median annual salary for a Billing and Posting Clerks in Rochester, MN is $59,550. This typically ranges from $48,220 for entry-level positions to $65,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, MN is 20.4% higher than the national median of $49,470.
Is Rochester, MN a lucrative place for Billing and Posting Clerks?
Yes, Rochester, MN is a lucrative location for Billing and Posting Clerks.The average salary of $59,550 significantly exceeds the national average, and the cost of living remains at the national benchmark, indicating strong earning potential.
Is Rochester, MN a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Rochester, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, MN?
Some top paying nearby cities include La Crosse-Onalaska, WI-MN ($48,110) and Eau Claire, WI.
How does the local workforce size impact job availability for Billing and Posting Clerks in Rochester, MN?
A local workforce of 480 Billing and Posting Clerks suggests a substantial and established presence of these professionals, indicating a consistent demand for their services within the Rochester economy.
What does a Location Quotient of 1.47 mean for Billing and Posting Clerks in Rochester, MN?
A Location Quotient of 1.47 signifies that Billing and Posting Clerks are 47% more concentrated in Rochester, MN, than the national average, pointing to a specialized and potentially robust job market for this occupation.
How does the cost of living in Rochester, MN, affect the value of the Billing and Posting Clerk salary?
With a Cost of Living Index of 100, the national average, the $59,550 salary in Rochester, MN, offers excellent purchasing power, meaning your earnings will go further compared to areas with a higher cost of living.
Are there many Billing and Posting Clerk jobs per 1,000 workers in Rochester, MN?
With 3.982 jobs per 1,000 workers, Rochester, MN, demonstrates a healthy demand for Billing and Posting Clerks, indicating a good number of opportunities relative to the overall workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Rochester, MN area with a job density of 3.982 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 Rochester, MN