Average Billing and Posting Clerks Salary in Traverse City, MI
Billing and Posting Clerks in Traverse City, MI, earn an average annual salary of $44,980. This figure is slightly below the national average of $49,470, a common occurrence in regions with specific industry concentrations or unique economic drivers. The local economic landscape and demand for these specialized administrative roles directly influence compensation levels.
Executive Summary
- Average Salary: $44,980 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $52,020.
- Outlook: Traverse City, MI, hosts a dedicated workforce of 420 Billing and Posting Clerks, indicating a stable local demand for these professionals. With a Location Quotient of 2.33, the concentration of these roles in Traverse City is more than double the national average, suggesting a robust and specialized job market that values these administrative functions.
Salary Overview
The average Billing and Posting Clerks in Traverse City, MI earns-9.1%below the national average.
$21.6
$865
$3,748
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Traverse City's Billing and Posting Clerk salaries over the past four years is not provided, it's reasonable to assume a general upward trend in compensation, mirroring national patterns. Economic growth, inflation, and evolving industry demands typically drive salary increases for administrative roles, suggesting that professionals in this field have likely seen their earning potential grow over time.
Billing and Posting Clerks Salary Distribution in Traverse City, MI
The career trajectory for Billing and Posting Clerks in Traverse City, MI, typically involves salary growth commensurate with 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 earnings clearly signify opportunities for career progression and increased earning potential as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,280 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,735 | $16.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,460 | $21.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,225 | $27 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $52,020 | $25 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$44,980
Gross Pay
Real Wage (Purchasing Power)
$44,980
Adjusted for COL (100)
For individuals considering a move to Traverse City, MI, the average annual salary of $44,980 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Billing and Posting Clerk's salary in Traverse City is equivalent to the national average, offering a stable financial foundation without the added pressure of higher living expenses.
Job Market Context
420
Total Jobs
6.317
Per 1K Jobs
2.33
Location Quotient
Traverse City, MI has 2.3x the national concentration of Billing and Posting Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.33 for Billing and Posting Clerks in Traverse City, MI, signifies a highly concentrated job market. This indicates that these roles are significantly more prevalent in Traverse City compared to the national average, suggesting a strong local demand and potentially fewer competing candidates for open positions, which can be advantageous for job seekers.
Nearby Job Markets
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Traverse City, MI?
The median annual salary for a Billing and Posting Clerks in Traverse City, MI is $44,980. This typically ranges from $39,280 for entry-level positions to $52,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Traverse City, MI is 9.1% lower than the national median of $49,470.
Is Traverse City, MI a lucrative place for Billing and Posting Clerks?
Yes, it offers average earning potential with excellent cost of living alignment.While the nominal salary is slightly below the national average, the cost of living in Traverse City is also at the national average, making it a financially stable location. The high concentration of these roles indicates strong local demand.
Is Traverse City, MI a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Traverse City, MI is 100. While higher than average, this often correlates with higher wages.
How does the local workforce size affect Billing and Posting Clerk jobs in Traverse City?
A local workforce of 420 Billing and Posting Clerks suggests a stable and established presence of these roles, indicating consistent demand for administrative support in Traverse City's economy.
What does a Location Quotient of 2.33 mean for Billing and Posting Clerks in Traverse City?
A Location Quotient of 2.33 means that Billing and Posting Clerk jobs are more than twice as common in Traverse City compared to the national average, highlighting a specialized and robust local job market for this profession.
How does the Cost of Living in Traverse City compare to the national average for Billing and Posting Clerks?
Traverse City's Cost of Living Index is 100, matching the national average. This means that the $44,980 average salary for Billing and Posting Clerks provides purchasing power equivalent to the national average.
Are there significant salary differences based on experience for Billing and Posting Clerks in Traverse City?
Yes, experience plays a crucial role in salary progression. Entry-level positions will offer lower pay, while senior Billing and Posting Clerks with extensive experience and specialized skills can command higher salaries, reflecting career advancement.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Traverse City, MI area with a job density of 6.317 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 Traverse City, MI