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Average Billing and Posting Clerks Salary in Upper Peninsula of Michigan nonmetropolitan area

Billing and Posting Clerks in the Upper Peninsula of Michigan nonmetropolitan area earn an average annual salary of $43,140. This figure is notably below the national average of $49,470, reflecting regional economic factors and potentially a lower demand for specialized administrative roles in less densely populated areas. The specific economic landscape of the Upper Peninsula directly influences compensation levels for these positions.

Executive Summary

  • Average Salary: $43,140 per year.
  • Growth Trend: Salaries have shifted 21.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $52,070.
  • Outlook: The job market for Billing and Posting Clerks in the Upper Peninsula of Michigan nonmetropolitan area appears stable, with a total local workforce of 300 individuals in this role. A Location Quotient of 1.0 indicates that the concentration of these jobs is on par with the national average, suggesting neither an oversupply nor a significant undersupply of professionals within this specific region.
2024 Market Data

Salary Overview

$43,140

The average Billing and Posting Clerks in Upper Peninsula of Michigan nonmetropolitan area earns-12.8%below the national average.

BreakdownBased on 40h/week
Hourly

$20.7

Weekly

$830

Monthly

$3,595

Billing and Posting Clerks Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area

Career progression for Billing and Posting Clerks typically involves moving from entry-level to more senior or specialized roles. As experience accumulates, individuals can expect their salaries to increase, reflecting a deeper understanding of billing systems, improved accuracy, and greater responsibility. The percentile gaps in salary data, though not explicitly detailed here, would signify this upward trajectory from junior to seasoned professionals.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,360$17
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,355$15.6
ManagerOversees team, compliance, and project delivery.50% (Median)$42,860$20.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$53,925$25.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$52,070$25

Detailed Billing and Posting Clerks Market Analysis

Relocation Context

Nominal Salary

$43,140

Gross Pay

Real Wage (Purchasing Power)

$43,140

Adjusted for COL (100)

The nominal average annual salary of $43,140 in the Upper Peninsula of Michigan nonmetropolitan area aligns precisely with the national average cost of living index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is effectively equivalent to the national standard, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.

Job Market Context

300

Total Jobs

2.72

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Upper Peninsula of Michigan nonmetropolitan area has a slightly higher-than-average concentration of Billing and Posting Clerks roles compared to the national norm.

With a Location Quotient of 1.0, the market for Billing and Posting Clerks in the Upper Peninsula of Michigan nonmetropolitan area is neither particularly concentrated nor scarce compared to the national landscape. This suggests a balanced job market where demand and supply are relatively stable, offering moderate opportunities for both employers seeking talent and professionals seeking employment.

Nearby Job Markets

Nearby Cities for Billing and Posting Clerks

Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area

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Frequently Asked Questions

How much does a Billing and Posting Clerks make in Upper Peninsula of Michigan nonmetropolitan area?

The median annual salary for a Billing and Posting Clerks in Upper Peninsula of Michigan nonmetropolitan area is $43,140. This typically ranges from $35,360 for entry-level positions to $52,070 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 12.8% lower than the national median of $49,470.

Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for Billing and Posting Clerks?

No, it is not exceptionally lucrative.The average salary of $43,140 is below the national average, although the cost of living is also at the national average, balancing out purchasing power.

Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Billing and Posting Clerks?

The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?

Some top paying nearby cities include Midland, MI ($45,080) and Saginaw, MI.

How does the Upper Peninsula's cost of living affect the salary?

The cost of living in the Upper Peninsula is at the national average (100), meaning the $43,140 salary offers purchasing power equivalent to the national average, despite being lower than the national salary average.

Is there high demand for Billing and Posting Clerks in this region?

The Location Quotient of 1.0 suggests the concentration of Billing and Posting Clerks is average compared to the nation, indicating a stable but not exceptionally high demand.

What is the total number of Billing and Posting Clerks in the Upper Peninsula?

There are approximately 300 Billing and Posting Clerks employed in the Upper Peninsula of Michigan nonmetropolitan area.

How does experience impact a Billing and Posting Clerk's salary in this area?

While specific data isn't provided, typically, increased experience leads to higher salaries for Billing and Posting Clerks, reflecting greater expertise and responsibility within the role.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 2.72 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.