Average Bookkeeping, Accounting, and Auditing Clerks Salary in Fargo, ND-MN
In Fargo, ND-MN, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $50,100. This figure is slightly below the national average of $51,940, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Fargo metropolitan area.
Executive Summary
- Average Salary: $50,100 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,350.
- Outlook: The Fargo, ND-MN market for Bookkeeping, Accounting, and Auditing Clerks is moderately concentrated, with a Location Quotient of 0.94, suggesting a presence that is nearly in line with national employment levels for this profession. The total local workforce of 1,310 individuals in this role, coupled with 8.879 jobs per 1,000 workers, points to a stable, albeit not exceptionally high, demand for these essential financial services professionals.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Fargo, ND-MN earns-3.5%below the national average.
$24.1
$963
$4,175
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Fargo is not provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the region have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations, leading to modest but consistent salary increases.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Fargo, ND-MN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Fargo, ND-MN, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distribution highlight the substantial earning potential for seasoned professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,910 | $18.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,575 | $18.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,830 | $23.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,625 | $30.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,350 | $30.5 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,100
Gross Pay
Real Wage (Purchasing Power)
$50,100
Adjusted for COL (100)
The nominal average annual salary of $50,100 in Fargo, ND-MN, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the salary is comparable to the national average, offering a balanced financial landscape for residents. While the salary is slightly below the national average, the stable cost of living ensures that the real value of the earnings remains competitive within the local context.
Job Market Context
1,310
Total Jobs
8.879
Per 1K Jobs
0.94
Location Quotient
Fargo, ND-MN has 0.94x 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 0.94, the job market for Bookkeeping, Accounting, and Auditing Clerks in Fargo, ND-MN, is neither significantly over- nor under-represented compared to the national average. This indicates a balanced market where the concentration of these roles is close to what would be expected based on the general workforce size. Professionals entering this market can anticipate a competitive but accessible environment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Grand Forks, ND-MN Bookkeeping, Accounting, and Auditing Clerks Salary | $49,520↓ 1% | 74 mi |
Comparing salaries near Fargo, ND-MN
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Fargo, ND-MN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Fargo, ND-MN is $50,100. This typically ranges from $37,910 for entry-level positions to $63,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fargo, ND-MN is 3.5% lower than the national median of $51,940.
Is Fargo, ND-MN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to the national average.The average salary of $50,100 is slightly below the national average, though the cost of living is also at the national average, making the purchasing power comparable.
Is Fargo, ND-MN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fargo, ND-MN?
Some top paying nearby cities include Grand Forks, ND-MN ($49,520) and others.
How does Fargo's salary for this role compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Fargo, ND-MN, is $50,100, which is slightly lower than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Fargo?
The concentration, measured by the Location Quotient, is 0.94, indicating that this profession is present in Fargo at a level very close to the national average.
How does the cost of living in Fargo affect the salary?
Fargo's Cost of Living Index is 100, which is the national average. This means the $50,100 salary has purchasing power equivalent to the national average, despite being slightly below the national salary average.
What is the total number of Bookkeeping, Accounting, and Auditing Clerk jobs in Fargo?
There are approximately 1,310 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in the Fargo, ND-MN 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 1,310 employees in the Fargo, ND-MN area with a job density of 8.879 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 Fargo, ND-MN