Average Bookkeeping, Accounting, and Auditing Clerks Salary in Albany-Schenectady-Troy, NY
In the Albany-Schenectady-Troy, NY metropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $53,410. This figure slightly surpasses the national average of $51,940, indicating a localized demand that influences compensation. Factors such as the regional economic landscape and the specific needs of businesses within this area contribute to this pay differential.
Executive Summary
- Average Salary: $53,410 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,600.
- Outlook: The Albany-Schenectady-Troy region supports a robust workforce of 4,240 individuals employed as Bookkeeping, Accounting, and Auditing Clerks. With a Location Quotient of 1.01, the concentration of these roles is nearly on par with the national average, suggesting a stable and consistent demand for these essential financial professionals within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Albany-Schenectady-Troy, NY earns+2.8%above the national average.
$25.7
$1,027
$4,451
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles like Bookkeeping, Accounting, and Auditing Clerks experience steady salary growth over time. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations, leading to incremental annual increases in compensation across the nation and likely within the Albany-Schenectady-Troy area.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Albany-Schenectady-Troy, NY, is marked by increasing earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching the upper percentiles. The gap between entry-level and senior roles reflects the value placed on accumulated knowledge and proven expertise in financial management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,580 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,058 | $19.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,710 | $24.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $66,763 | $32.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,600 | $34.4 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$53,410
Gross Pay
Real Wage (Purchasing Power)
$53,410
Adjusted for COL (100)
For individuals considering a move to Albany-Schenectady-Troy, NY, the nominal average salary of $53,410 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, suggesting that the cost of goods and services in the region is neither significantly higher nor lower than the typical U.S. standard.
Job Market Context
4,240
Total Jobs
9.571
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
The Location Quotient of 1.01 for Bookkeeping, Accounting, and Auditing Clerks in Albany-Schenectady-Troy, NY, indicates a market that is very closely aligned with the national average in terms of job concentration. This suggests a balanced job market where the number of available positions is proportionate to the number of workers in this field, implying a competitive yet stable environment for employment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Albany-Schenectady-Troy, NY?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Albany-Schenectady-Troy, NY is $53,410. This typically ranges from $37,580 for entry-level positions to $71,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 2.8% higher than the national median of $51,940.
Is Albany-Schenectady-Troy, NY a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, it offers a slightly above-average earning potential.The average salary of $53,410 slightly exceeds the national average, and the cost of living is exactly at the national average, making it a financially stable location for these professionals.
Is Albany-Schenectady-Troy, NY a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($53,660) and Glens Falls, NY.
How does the local workforce size impact job opportunities?
With 4,240 Bookkeeping, Accounting, and Auditing Clerks, the Albany-Schenectady-Troy region has a substantial workforce, indicating a consistent demand for these roles and a healthy job market.
What does a Location Quotient of 1.01 signify?
A Location Quotient of 1.01 means that the concentration of Bookkeeping, Accounting, and Auditing Clerk jobs in Albany-Schenectady-Troy is very similar to the national average, suggesting a balanced and stable job market.
How does experience affect salary for these roles in Albany?
As with most professions, experience significantly impacts earnings. Entry-level clerks will earn less, while senior clerks with specialized skills and years of experience can command higher salaries, reflecting their increased value and expertise.
Is the cost of living in Albany-Schenectady-Troy, NY, high?
No, the Cost of Living Index is 100, which is the national average. This means that the $53,410 salary offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,240 employees in the Albany-Schenectady-Troy, NY area with a job density of 9.571 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bookkeeping, Accounting, and Auditing Clerks • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY