Average Bookkeeping, Accounting, and Auditing Clerks Salary in Baltimore-Columbia-Towson, MD
In the Baltimore-Columbia-Towson, MD metropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $55,900. This figure is notably higher than the national average of $51,940, suggesting that local market dynamics and demand contribute to a more favorable compensation landscape for these essential financial roles.
Executive Summary
- Average Salary: $55,900 per year.
- Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,700.
- Outlook: The Baltimore-Columbia-Towson area supports a substantial workforce of 8,990 individuals in bookkeeping, accounting, and auditing clerk positions. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, indicating a stable yet potentially growing market where specialized skills are valued.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Baltimore-Columbia-Towson, MD earns+7.6%above the national average.
$26.9
$1,075
$4,658
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the Baltimore-Columbia-Towson region have seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Baltimore-Columbia-Towson, MD
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Baltimore-Columbia-Towson typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with specialized skills and extensive experience can command salaries well into the upper percentiles, reflecting a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,720 | $18.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,925 | $20.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,720 | $25.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,875 | $33.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,700 | $36.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$55,900
Gross Pay
Real Wage (Purchasing Power)
$55,900
Adjusted for COL (100)
The average annual salary of $55,900 in Baltimore-Columbia-Towson aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, providing a stable financial foundation for residents without the added pressure of higher living expenses.
Job Market Context
8,990
Total Jobs
6.706
Per 1K Jobs
0.71
Location Quotient
Baltimore-Columbia-Towson, MD has 0.71x the national average concentration of Bookkeeping, Accounting, and Auditing Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.71 for Bookkeeping, Accounting, and Auditing Clerks in Baltimore-Columbia-Towson suggests that the job market for these roles is slightly less concentrated than the national average. This could imply a healthy demand relative to the supply of professionals, potentially offering good opportunities for skilled individuals seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary | $50,400↓ 10% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Bookkeeping, Accounting, and Auditing Clerks Salary | $58,760↑ 5% | 35 mi |
| York-Hanover, PA Bookkeeping, Accounting, and Auditing Clerks Salary | $48,280↓ 14% | 47 mi |
| Gettysburg, PA Bookkeeping, Accounting, and Auditing Clerks Salary | $47,230↓ 16% | 50 mi |
| Lancaster, PA Bookkeeping, Accounting, and Auditing Clerks Salary | $48,780↓ 13% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Baltimore-Columbia-Towson, MD is $55,900. This typically ranges from $38,720 for entry-level positions to $76,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 7.6% higher than the national median of $51,940.
Is Baltimore-Columbia-Towson, MD a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, it offers above-average earnings.The average salary of $55,900 is higher than the national average, and the cost of living is on par with the national average, making it financially advantageous.
Is Baltimore-Columbia-Towson, MD a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($50,400) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Baltimore-Columbia-Towson salary compare to the national average?
Bookkeeping, Accounting, and Auditing Clerks in Baltimore-Columbia-Towson earn an average of $55,900 annually, which is $3,960 more than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerk jobs in this area?
The Location Quotient is 0.71, indicating that the concentration of these jobs is slightly lower than the national average, with 6.706 jobs per 1,000 workers.
Does the cost of living affect the value of the salary in Baltimore-Columbia-Towson?
No, the local Cost of Living Index is 100, matching the national average, so the $55,900 salary has the same purchasing power as the national average salary.
How many Bookkeeping, Accounting, and Auditing Clerks are employed in Baltimore-Columbia-Towson?
There are approximately 8,990 individuals employed in these roles within the Baltimore-Columbia-Towson metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,990 employees in the Baltimore-Columbia-Towson, MD area with a job density of 6.706 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 Baltimore-Columbia-Towson, MD