Average Bookkeeping, Accounting, and Auditing Clerks Salary in Chicago-Naperville-Elgin, IL-IN
In the bustling Chicago-Naperville-Elgin, IL-IN metropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $53,560. This figure slightly surpasses the national average of $51,940, indicating a localized premium for these essential financial roles. The economic dynamics and specific industry demands within this region contribute to this favorable compensation.
Executive Summary
- Average Salary: $53,560 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,660.
- Outlook: With a substantial local workforce of 36,080 individuals employed in this sector, the Chicago-Naperville-Elgin area demonstrates a significant presence of bookkeeping and accounting professionals. The Location Quotient of 0.85 suggests a market that is nearly on par with the national concentration, implying a steady and robust demand for these services within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Chicago-Naperville-Elgin, IL-IN earns+3.1%above the national average.
$25.8
$1,030
$4,463
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the Chicago-Naperville-Elgin area have experienced growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles that are fundamental to business operations and are influenced by evolving market demands and the increasing complexity of financial regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects the accumulation of expertise, responsibility, and value brought to an organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,290 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,170 | $19.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,390 | $24.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $66,950 | $32.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,660 | $34.5 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$53,560
Gross Pay
Real Wage (Purchasing Power)
$53,560
Adjusted for COL (100)
The average annual salary of $53,560 in the Chicago-Naperville-Elgin, IL-IN area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Bookkeeping, Accounting, and Auditing Clerk's salary in this region is equivalent to the national average, offering a stable financial standing without significant adjustment needed for daily expenses.
Job Market Context
36,080
Total Jobs
8.065
Per 1K Jobs
0.85
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 0.85x 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 0.85 for Bookkeeping, Accounting, and Auditing Clerks in Chicago-Naperville-Elgin, IL-IN indicates that the concentration of these jobs is slightly below the national average. While not indicating an oversaturated market, it suggests that the demand is stable and perhaps slightly less intense than in areas with a higher quotient, offering a balanced environment for job seekers.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Bookkeeping, Accounting, and Auditing Clerks Salary | $46,230↓ 14% | 41 mi |
| Kenosha, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $49,510↓ 8% | 51 mi |
| Kankakee, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $47,080↓ 12% | 55 mi |
| Racine-Mount Pleasant, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,790↓ 11% | 59 mi |
| Niles, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,340↓ 12% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Chicago-Naperville-Elgin, IL-IN is $53,560. This typically ranges from $37,290 for entry-level positions to $71,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 3.1% higher than the national median of $51,940.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, it offers competitive compensation.The average salary of $53,560 slightly exceeds the national average, and the cost of living is on par with the national index, making it a financially stable location for these professionals.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($46,230) and Kenosha, WI.
How does the Chicago-Naperville-Elgin salary compare to the national average?
Bookkeeping, Accounting, and Auditing Clerks in Chicago-Naperville-Elgin, IL-IN earn an average of $53,560 annually, which is higher than the national average of $51,940.
What is the job concentration for these clerks in the Chicago area?
The Location Quotient of 0.85 suggests that the concentration of Bookkeeping, Accounting, and Auditing Clerk jobs in Chicago-Naperville-Elgin, IL-IN is slightly below the national average, indicating a stable but not overly saturated market.
How does the cost of living affect the salary in Chicago-Naperville-Elgin, IL-IN?
With a Cost of Living Index of 100, the local salary of $53,560 has the same purchasing power as the national average salary, meaning expenses are neither significantly higher nor lower than the national norm.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in the Chicago area?
There are approximately 36,080 Bookkeeping, Accounting, and Auditing Clerks working in the Chicago-Naperville-Elgin, IL-IN 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 36,080 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 8.065 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 Chicago-Naperville-Elgin, IL-IN