Average Billing and Posting Clerks Salary in Springfield, MO
Billing and Posting Clerks in Springfield, MO, earn an average annual salary of $43,040. This figure is notably below the national average of $49,470, suggesting that local market dynamics and potentially a lower cost of doing business in the region influence compensation levels for this role.
Executive Summary
- Average Salary: $43,040 per year.
- Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,240.
- Outlook: With a local workforce of 650 Billing and Posting Clerks, Springfield, MO, demonstrates a stable presence in this sector. The Location Quotient of 1.07 indicates a slightly higher concentration of these roles compared to the national average, suggesting a consistent, albeit not overwhelmingly robust, demand within the local economy.
Salary Overview
The average Billing and Posting Clerks in Springfield, MO earns-13.0%below the national average.
$20.7
$828
$3,587
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 Springfield, MO, have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This suggests a slowly appreciating earning potential for professionals in this field within the region.
Billing and Posting Clerks Salary Distribution in Springfield, MO
Career progression for Billing and Posting Clerks typically involves moving from entry-level positions to more senior or specialized roles. As experience and skill sets develop, individuals can expect to see their salaries increase, with significant percentile gaps between junior and senior staff reflecting the value of accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,380 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,280 | $15.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $40,750 | $19.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,800 | $25.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,240 | $27.5 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$43,040
Gross Pay
Real Wage (Purchasing Power)
$43,040
Adjusted for COL (100)
The average annual salary of $43,040 in Springfield, MO, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Billing and Posting Clerk's salary in Springfield is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
650
Total Jobs
2.905
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Springfield, MO has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.
Springfield, MO, exhibits a Location Quotient of 1.07 for Billing and Posting Clerks, indicating a slightly higher concentration of these professionals than the national average. This suggests a moderately competitive job market where employers may find a good pool of talent, but also where established clerks likely hold a stable position.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Billing and Posting Clerks Salary | $44,610↑ 4% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Billing and Posting Clerks Salary | $41,750↓ 3% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Billing and Posting Clerkss?
Frequently Asked Questions
How much does a Billing and Posting Clerks make in Springfield, MO?
The median annual salary for a Billing and Posting Clerks in Springfield, MO is $43,040. This typically ranges from $33,380 for entry-level positions to $57,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 13.0% lower than the national median of $49,470.
Is Springfield, MO a lucrative place for Billing and Posting Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is on par with the national average, the average salary of $43,040 is below the national average of $49,470, indicating less lucrative earning potential in nominal terms.
Is Springfield, MO a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($44,610) and Fayetteville-Springdale-Rogers, AR.
How does the local workforce size affect Billing and Posting Clerk jobs in Springfield, MO?
A local workforce of 650 Billing and Posting Clerks suggests a stable job market. While not a massive number, it indicates consistent employment opportunities within the region for this profession.
What does a Location Quotient of 1.07 mean for Billing and Posting Clerks in Springfield, MO?
A Location Quotient of 1.07 signifies that Springfield, MO, has a slightly higher concentration of Billing and Posting Clerks than the national average. This implies a steady demand for these roles within the local economy.
How does the Cost of Living in Springfield, MO, impact the Billing and Posting Clerk salary?
With a Cost of Living Index of 100, Springfield's expenses are average nationally. This means the $43,040 salary offers average purchasing power, making it neither exceptionally high nor low in real terms.
Are there significant salary differences based on experience for Billing and Posting Clerks in Springfield, MO?
Yes, experience typically leads to higher salaries. While the average is $43,040, entry-level clerks will earn less, and senior clerks with extensive experience and specialized skills can command significantly higher compensation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Springfield, MO area with a job density of 2.905 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 Springfield, MO