Average Billing and Posting Clerks Salary in Waco, TX
Billing and Posting Clerks in Waco, Texas, earn an average annual salary of $40,390. This figure is notably below the national average of $49,470, reflecting local economic conditions and demand specific to the Waco metropolitan area. The compensation reflects the unique interplay of regional industry needs and the overall cost of labor within Texas.
Executive Summary
- Average Salary: $40,390 per year.
- Growth Trend: Salaries have shifted 13.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $52,380.
- Outlook: The Waco job market for Billing and Posting Clerks shows a moderate presence, with a total local workforce of 220 individuals in this role. The Location Quotient of 0.64 indicates that this profession is less concentrated in Waco compared to the national average, suggesting a stable but not exceptionally high demand. With 1.723 jobs per 1,000 workers, the market offers consistent opportunities for skilled professionals.
Salary Overview
The average Billing and Posting Clerks in Waco, TX earns-18.4%below the national average.
$19.4
$777
$3,366
Billing and Posting Clerks Salary Trends (2020-2024)
While specific historical data for Waco's Billing and Posting Clerk salaries over the last four years is not provided, it is reasonable to assume a general upward trend mirroring national economic growth and inflation. Salary increases are typically driven by factors such as evolving industry demands, the need for specialized skills, and the general cost of living adjustments, which likely have influenced local compensation over time.
Billing and Posting Clerks Salary Distribution in Waco, TX
Career progression for Billing and Posting Clerks in Waco, TX, typically involves a salary increase with accumulated experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized knowledge can command higher salaries. The percentile gaps in compensation signify clear opportunities for career advancement and increased earning potential as one moves up the experience ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,630 | $14.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,293 | $14.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $37,570 | $18.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,488 | $24.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $52,380 | $25.2 |
Detailed Billing and Posting Clerks Market Analysis
Relocation Context
Nominal Salary
$40,390
Gross Pay
Real Wage (Purchasing Power)
$40,390
Adjusted for COL (100)
The average annual salary of $40,390 for Billing and Posting Clerks in Waco, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making Waco an economically stable location for professionals in this role, without the financial strain of a higher cost of living.
Job Market Context
220
Total Jobs
1.723
Per 1K Jobs
0.64
Location Quotient
Waco, TX has 0.64x the national average concentration of Billing and Posting Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.64, Waco, TX, has a lower concentration of Billing and Posting Clerks than the national average. This suggests that while the profession is present, it is not a dominant industry sector within the local economy. Consequently, the job market may be less saturated, potentially offering a competitive edge for qualified candidates seeking employment in this field.
Nearby Job Markets
Nearby Cities for Billing and Posting Clerks
Comparing salaries near Waco, TX
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Frequently Asked Questions
How much does a Billing and Posting Clerks make in Waco, TX?
The median annual salary for a Billing and Posting Clerks in Waco, TX is $40,390. This typically ranges from $30,630 for entry-level positions to $52,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 18.4% lower than the national median of $49,470.
Is Waco, TX a lucrative place for Billing and Posting Clerks?
No, but it is stable.While the average salary of $40,390 is below the national average, the cost of living in Waco is also at the national average, meaning your earnings have standard purchasing power.
Is Waco, TX a good place to live for Billing and Posting Clerks?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($40,250) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Billing and Posting Clerk salary compare to the national average?
The average annual salary for Billing and Posting Clerks in Waco, TX is $40,390, which is lower than the national average of $49,470.
What is the cost of living in Waco, TX for Billing and Posting Clerks?
Waco, TX has a Cost of Living Index of 100, which is exactly the national average, indicating that the cost of goods and services is comparable to the rest of the country.
How concentrated is the Billing and Posting Clerk job market in Waco, TX?
The job market for Billing and Posting Clerks in Waco is less concentrated than the national average, with a Location Quotient of 0.64, suggesting fewer jobs per capita relative to the rest of the US.
What is the total number of Billing and Posting Clerks in Waco, TX?
There are approximately 220 Billing and Posting Clerks employed in the Waco, TX area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Waco, TX area with a job density of 1.723 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 Waco, TX