Average Billing and Posting Clerks Salary in Rockford, IL
Billing and Posting Clerks in Rockford, IL earn an average annual salary of $46,230. This figure is slightly below the national average of $49,470, indicating localized economic factors and demand dynamics specific to the Rockford area influence compensation for this role. The cost of living in Rockford aligns perfectly with the national average, suggesting that the salary offers a comparable purchasing power to other regions.
Executive Summary
- Average Salary: $46,230 per year.
- Growth Trend: Salaries have shifted 14.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,920.
- Outlook: Rockford, IL supports a local workforce of 430 Billing and Posting Clerks, with 3.09 jobs per 1,000 workers. The location quotient of 1.14 suggests a slightly higher concentration of these roles compared to the national average, implying a stable and potentially growing demand within the local market. This indicates a healthy job market for professionals in this field within the region.
Salary Overview
The average Billing and Posting Clerks in Rockford, IL earns-6.5%below the national average.
$22.2
$889
$3,853
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 Rockford, IL have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and evolving business needs likely contribute to incremental increases in compensation, ensuring that the average salary remains competitive within the local context.
Billing and Posting Clerks Salary Distribution in Rockford, IL
The salary trajectory for Billing and Posting Clerks in Rockford, IL typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps between entry-level, mid-career, and senior roles highlight clear opportunities for career progression and increased earning potential within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,910 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,673 | $16.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,570 | $21.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,788 | $27.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,920 | $27.8 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$46,230
Gross Pay
Real Wage (Purchasing Power)
$46,230
Adjusted for COL (100)
The average annual salary of $46,230 in Rockford, IL aligns precisely with the national average cost of living index of 100. This means that the purchasing power of a Billing and Posting Clerk's salary in Rockford is comparable to that of someone earning the national average salary in a region with a national average cost of living. Therefore, the nominal salary effectively translates to a standard lifestyle without significant financial strain due to local expenses.
Job Market Context
430
Total Jobs
3.09
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Rockford, IL has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
With a location quotient of 1.14, Rockford, IL exhibits a slightly higher concentration of Billing and Posting Clerk positions than the national average. This suggests that the job market in Rockford is moderately competitive, with a steady demand for these professionals. While not oversaturated, the presence of more roles per capita than the national average indicates a favorable environment for job seekers in this specific occupation.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Billing and Posting Clerks Salary | $45,050↓ 3% | 30 mi |
| Madison, WI Billing and Posting Clerks Salary | $49,640↑ 7% | 59 mi |
| Kenosha, WI Billing and Posting Clerks Salary | $46,920↑ 1% | 65 mi |
| Racine-Mount Pleasant, WI Billing and Posting Clerks Salary | $46,320↑ 0% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Billing and Posting Clerks Salary | $52,020↑ 13% | 78 mi |
Comparing salaries near Rockford, IL
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Rockford, IL?
The median annual salary for a Billing and Posting Clerks in Rockford, IL is $46,230. This typically ranges from $36,910 for entry-level positions to $57,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 6.5% lower than the national median of $49,470.
Is Rockford, IL a lucrative place for Billing and Posting Clerks?
Yes, moderately so.The average salary of $46,230 is competitive with the national average cost of living, and the slightly higher concentration of jobs (LQ 1.14) indicates steady demand.
Is Rockford, IL a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($45,050) and Madison, WI.
How does Rockford's cost of living compare to the national average?
Rockford, IL has a cost of living index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the country.
What is the concentration of Billing and Posting Clerks in Rockford, IL?
The concentration, measured by the location quotient, is 1.14, indicating that Billing and Posting Clerk roles are slightly more prevalent in Rockford than the national average.
How many Billing and Posting Clerks are there in Rockford, IL?
There are approximately 430 Billing and Posting Clerks employed in Rockford, IL, representing 3.09 jobs per 1,000 workers in the local economy.
Does experience significantly impact a Billing and Posting Clerk's salary in Rockford?
Yes, like most professions, experience plays a crucial role. Senior Billing and Posting Clerks with specialized skills and a proven track record typically earn higher salaries than entry-level professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Rockford, IL area with a job density of 3.09 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 Rockford, IL