Average Bookkeeping, Accounting, and Auditing Clerks Salary in Florence-Muscle Shoals, AL
In Florence-Muscle Shoals, AL, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $41,360. This figure is notably below the national average of $51,940, reflecting regional economic factors and the specific demand within this Alabama metropolitan area. Localized market dynamics, including the cost of labor and the concentration of related industries, play a significant role in shaping compensation for these essential financial roles.
Executive Summary
- Average Salary: $41,360 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,850.
- Outlook: The Florence-Muscle Shoals area supports a local workforce of 450 Bookkeeping, Accounting, and Auditing Clerks. With a Location Quotient of 0.86, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally dense job market. The presence of 8.093 jobs per 1,000 workers indicates a consistent, albeit moderate, demand for these professionals within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Florence-Muscle Shoals, AL earns-20.4%below the national average.
$19.9
$795
$3,447
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Florence-Muscle Shoals is not provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks have seen gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial services typically drive modest annual salary increases for these roles across most U.S. markets.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Florence-Muscle Shoals, AL
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a 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 significantly higher salaries. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,900 | $13.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,020 | $14.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,200 | $18.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,700 | $24.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,850 | $26.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$41,360
Gross Pay
Real Wage (Purchasing Power)
$41,360
Adjusted for COL (100)
The average annual salary of $41,360 in Florence-Muscle Shoals aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average, making the take-home pay effectively comparable in terms of living expenses.
Job Market Context
450
Total Jobs
8.093
Per 1K Jobs
0.86
Location Quotient
Florence-Muscle Shoals, AL has 0.86x 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 0.86 indicates that Florence-Muscle Shoals has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerks compared to the national average. This suggests that while the profession is present and necessary, the job market may be less saturated than in larger metropolitan areas, potentially offering a balanced competitive landscape for job seekers.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Florence-Muscle Shoals, AL
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Florence-Muscle Shoals, AL?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Florence-Muscle Shoals, AL is $41,360. This typically ranges from $27,900 for entry-level positions to $55,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence-Muscle Shoals, AL is 20.4% lower than the national median of $51,940.
Is Florence-Muscle Shoals, AL a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, it is not exceptionally lucrative compared to national averages.The average salary of $41,360 is below the national average of $51,940, though the cost of living is also at the national average. This means your earnings will stretch as far as they would nationally, but the absolute income is lower.
Is Florence-Muscle Shoals, AL a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence-Muscle Shoals, AL?
Some top paying nearby cities include Decatur, AL ($46,120) and Huntsville, AL.
How does the Florence-Muscle Shoals salary compare to the national average?
Bookkeeping, Accounting, and Auditing Clerks in Florence-Muscle Shoals earn approximately $10,580 less per year than the national average, with an average salary of $41,360 compared to $51,940.
What is the concentration of these jobs in Florence-Muscle Shoals?
The Location Quotient of 0.86 indicates that these roles are slightly less concentrated in Florence-Muscle Shoals than the national average, suggesting a stable but not overly abundant job market.
Does the cost of living affect the salary competitiveness?
The cost of living in Florence-Muscle Shoals is exactly at the national average (100). Therefore, the lower nominal salary of $41,360 has a purchasing power equivalent to the national average, making it neither more nor less expensive to live on this salary compared to the U.S. as a whole.
How many bookkeeping jobs are there per 1,000 workers in Florence-Muscle Shoals?
There are approximately 8.093 jobs for Bookkeeping, Accounting, and Auditing Clerks per 1,000 workers in the Florence-Muscle Shoals area, indicating a steady presence of these roles within the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Florence-Muscle Shoals, AL area with a job density of 8.093 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 Florence-Muscle Shoals, AL