Bookkeeping, Accounting, and Auditing Clerks in the East Central Illinois nonmetropolitan area earn an average annual salary of $46,410. This figure is notably below the national average of $51,940, suggesting that regional economic factors and a potentially smaller market size contribute to this compensation difference. The local economic landscape and demand for these specific financial roles play a significant role in shaping the pay scales observed in this region.
Executive Summary
- Average Salary: $46,410 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,750.
- Outlook: With a local workforce of 1,500 individuals in this sector, the East Central Illinois nonmetropolitan area demonstrates a stable presence for Bookkeeping, Accounting, and Auditing Clerks. The Location Quotient of 1.1 indicates a slightly higher concentration of these roles compared to the national average, suggesting a modest but consistent demand that supports the existing workforce. This suggests a healthy, albeit not rapidly expanding, job market for these professionals.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in East Central Illinois nonmetropolitan area earns-10.6%below the national average.
$22.3
$893
$3,868
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for this precise region and role is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in East Central Illinois have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for skilled financial professionals likely contributed to upward salary adjustments, ensuring that compensation remains competitive within the local context.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in East Central Illinois nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a significant salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior clerks with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential as professionals gain expertise and take on more responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,710 | $15.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,808 | $16.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,420 | $21.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,013 | $27.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,750 | $29.2 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$46,410
Gross Pay
Real Wage (Purchasing Power)
$46,410
Adjusted for COL (100)
The nominal average annual salary of $46,410 in the East Central Illinois nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in this region is equivalent to the national average, indicating that while the salary is lower than the national average, the cost of living is also not higher, offering a balanced financial standing for residents.
Job Market Context
1,500
Total Jobs
10.43
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, East Central Illinois nonmetropolitan area has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
The Location Quotient of 1.1 for Bookkeeping, Accounting, and Auditing Clerks in East Central Illinois nonmetropolitan area suggests a job market that is slightly more concentrated than the national average. This indicates a steady demand for these professionals, making the market moderately competitive but also providing ample opportunities for those seeking employment in this field within the region.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $47,700↑ 3% | 9 mi |
| Decatur, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,670↑ 7% | 34 mi |
| Champaign-Urbana, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,240↑ 6% | 41 mi |
| Peoria, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $48,690↑ 5% | 43 mi |
| Springfield, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,990↑ 8% | 53 mi |
Comparing salaries near East Central Illinois nonmetropolitan area
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in East Central Illinois nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in East Central Illinois nonmetropolitan area is $46,410. This typically ranges from $32,710 for entry-level positions to $60,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Central Illinois nonmetropolitan area is 10.6% lower than the national median of $51,940.
Is East Central Illinois nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, it is not exceptionally lucrative compared to the national average.The average salary of $46,410 is below the national average of $51,940, although the cost of living is also at the national average, balancing the financial impact.
Is East Central Illinois nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in East Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($47,700) and Decatur, IL.
How does the local workforce size impact job availability?
A local workforce of 1,500 suggests a substantial, established presence of these roles, indicating consistent demand and opportunities for new entrants and experienced professionals alike.
What does a Location Quotient of 1.1 signify?
A Location Quotient of 1.1 means that Bookkeeping, Accounting, and Auditing Clerks are 10% more concentrated in this area than the national average, implying a slightly higher demand relative to other professions.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the $46,410 salary has the same purchasing power as the national average, meaning expenses are neither significantly higher nor lower than the national standard.
What are the career growth prospects for these clerks?
Career progression is typically marked by increasing salary levels, with senior roles offering significantly higher compensation than entry-level positions, reflecting accumulated experience and responsibility.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,500 employees in the East Central Illinois nonmetropolitan area area with a job density of 10.43 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Bookkeeping, Accounting, and Auditing Clerks Salaries by State
Top Jobs in East Central Illinois nonmetropolitan area
- All Occupations Salary in East Central Illinois nonmetropolitan area
- Office and Administrative Support Occupations Salary in East Central Illinois nonmetropolitan area
- Transportation and Material Moving Occupations Salary in East Central Illinois nonmetropolitan area
- Production Occupations Salary in East Central Illinois nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in East Central Illinois nonmetropolitan area
- Sales and Related Occupations Salary in East Central Illinois nonmetropolitan area
- Educational Instruction and Library Occupations Salary in East Central Illinois nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in East Central Illinois nonmetropolitan area
- Management Occupations Salary in East Central Illinois nonmetropolitan area
- Healthcare Support Occupations Salary in East Central Illinois nonmetropolitan area
- Browse All Jobs in East Central Illinois nonmetropolitan area →
Semantic Salary Analysis for Bookkeeping, Accounting, and Auditing Clerks • Data source: BLS OEWS 2024 •Jobs in East Central Illinois nonmetropolitan area