Average Bookkeeping, Accounting, and Auditing Clerks Salary in Bay City, MI
In Bay City, MI, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $47,130. This figure is slightly below the national average of $51,940, a common occurrence in areas where the cost of living aligns closely with the national benchmark. Local economic factors and industry demand within Bay City play a significant role in shaping this compensation.
Executive Summary
- Average Salary: $47,130 per year.
- Growth Trend: Salaries have shifted 17.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $67,410.
- Outlook: The Bay City market for Bookkeeping, Accounting, and Auditing Clerks appears stable, with a total local workforce of 310 individuals in this role. The Location Quotient of 0.99 indicates a concentration of these professionals that is nearly on par with the national average, suggesting a balanced demand and supply dynamic within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Bay City, MI earns-9.3%below the national average.
$22.7
$906
$3,928
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Bay City is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the area have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial services, and the need for skilled professionals to manage complex accounting tasks.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Bay City, MI
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Bay City, as elsewhere, is typically marked by increasing salary levels. Entry-level positions will naturally command lower salaries, while senior clerks with extensive experience and specialized skills can expect to earn significantly more, often reaching into higher percentiles of the salary range, reflecting their added value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,870 | $15.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,348 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,240 | $21.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,913 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $67,410 | $32.4 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$47,130
Gross Pay
Real Wage (Purchasing Power)
$47,130
Adjusted for COL (100)
The average annual salary of $47,130 in Bay City, MI, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of the salary is effectively at the national standard, indicating that the nominal income translates directly to the expected standard of living without significant deviation due to local expenses.
Job Market Context
310
Total Jobs
9.387
Per 1K Jobs
0.99
Location Quotient
Bay City, MI has 0.99x 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.
With a Location Quotient of 0.99, Bay City's market for Bookkeeping, Accounting, and Auditing Clerks is nearly identical in concentration to the national average. This suggests a competitive yet accessible job market, where the number of professionals aligns closely with the demand for their services, offering opportunities without extreme saturation or scarcity.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Bay City, MI
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Bay City, MI?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Bay City, MI is $47,130. This typically ranges from $31,870 for entry-level positions to $67,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bay City, MI is 9.3% lower than the national median of $51,940.
Is Bay City, MI a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to the national average.While the salary is competitive within the local context, the average of $47,130 is below the national average of $51,940. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Bay City, MI a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Bay City, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bay City, MI?
Some top paying nearby cities include Saginaw, MI ($45,950) and Mid Michigan nonmetropolitan area.
How does Bay City's salary compare to the national average for this role?
The average salary in Bay City, MI for Bookkeeping, Accounting, and Auditing Clerks is $47,130, which is approximately 9.3% lower than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Bay City?
Bay City has a concentration of these professionals that is very close to the national average, indicated by a Location Quotient of 0.99. This suggests a balanced labor market for these roles.
How does the cost of living in Bay City affect the salary?
The Cost of Living Index in Bay City is 100, matching the national average. This means the $47,130 salary offers a purchasing power equivalent to the national standard, making it neither particularly high nor low in real terms.
What does a Location Quotient of 0.99 signify for job seekers?
A Location Quotient of 0.99 indicates that the proportion of Bookkeeping, Accounting, and Auditing Clerks in Bay City is nearly the same as the national average. This suggests a stable job market with moderate competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Bay City, MI area with a job density of 9.387 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 Bay City, MI