In the Eastern New Mexico nonmetropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $48,100. This figure is slightly below the national average of $51,940, a common trend in nonmetropolitan regions where the cost of labor and operational expenses can differ significantly from urban centers. Local economic factors and industry demand play a crucial role in shaping these compensation levels.
Executive Summary
- Average Salary: $48,100 per year.
- Growth Trend: Salaries have shifted 33.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,610.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Eastern New Mexico appears stable, with a total local workforce of 1,780 individuals. The Location Quotient of 1.15 indicates a slightly higher concentration of these roles compared to the national average, suggesting a steady, albeit not booming, demand for these essential financial support positions within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Eastern New Mexico nonmetropolitan area earns-7.4%below the national average.
$23.1
$925
$4,008
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in Eastern New Mexico 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 to retain skilled professionals in a competitive labor market.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Eastern New Mexico nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Eastern New Mexico typically involves salary increases with experience. Entry-level positions might start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in earnings clearly signify the career ladder and the financial rewards of advancing expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,390 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,075 | $17.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,020 | $22.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,125 | $28.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,610 | $30.6 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,100
Gross Pay
Real Wage (Purchasing Power)
$48,100
Adjusted for COL (100)
The nominal average annual salary of $48,100 in Eastern New Mexico aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, suggesting that while the salary is below the national average, the cost of essential goods and services is also at par, offering a balanced financial standing for residents.
Job Market Context
1,780
Total Jobs
10.897
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Eastern New Mexico nonmetropolitan area has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
With a Location Quotient of 1.15, the Eastern New Mexico nonmetropolitan area shows a slightly higher concentration of Bookkeeping, Accounting, and Auditing Clerk roles than the national average. This suggests that the job market is moderately competitive, with a stable presence of these positions relative to the overall workforce, indicating consistent opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Bookkeeping, Accounting, and Auditing Clerks Salary | $48,900↑ 2% | 29 mi |
| Santa Fe, NM Bookkeeping, Accounting, and Auditing Clerks Salary | $52,530↑ 9% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Eastern New Mexico nonmetropolitan area is $48,100. This typically ranges from $32,390 for entry-level positions to $63,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 7.4% lower than the national median of $51,940.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to national averages.The average salary of $48,100 is below the national average of $51,940, though the cost of living is also at the national average. This indicates a standard earning potential rather than a highly lucrative market.
Is Eastern New Mexico nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($48,900) and Santa Fe, NM.
How does the local workforce size affect job opportunities?
A local workforce of 1,780 for this role indicates a substantial number of positions, suggesting consistent demand and opportunities for both new entrants and experienced professionals within the region.
What does a Location Quotient of 1.15 mean for job seekers?
A Location Quotient of 1.15 signifies that there are slightly more Bookkeeping, Accounting, and Auditing Clerk jobs in Eastern New Mexico relative to the national average. This suggests a moderately favorable job market for these professionals.
How does the cost of living impact the perceived value of the salary?
With a Cost of Living Index of 100, the Eastern New Mexico nonmetropolitan area matches the national average. Therefore, the $48,100 salary offers a purchasing power equivalent to the national average, making it a fair, though not high, compensation.
Are there significant salary differences based on experience level?
Yes, like most professions, Bookkeeping, Accounting, and Auditing Clerk roles typically see salary increases with accumulated experience, with senior positions commanding higher pay than entry-level roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,780 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 10.897 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 Eastern New Mexico nonmetropolitan area