Average Bookkeeping, Accounting, and Auditing Clerks Salary in Florence, SC
In Florence, SC, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $45,490. This figure is notably below the national average of $51,940, suggesting that local market dynamics and potentially the specific industry mix within Florence influence compensation levels for these essential financial roles.
Executive Summary
- Average Salary: $45,490 per year.
- Growth Trend: Salaries have shifted 28.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,470.
- Outlook: With a total local workforce of 770 individuals in this sector, Florence, SC presents a stable, albeit not exceptionally concentrated, job market for bookkeeping, accounting, and auditing clerks. The Location Quotient of 0.91 indicates that the concentration of these roles in Florence is very close to the national average, suggesting a steady demand that aligns with broader economic trends rather than a specialized local boom.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Florence, SC earns-12.4%below the national average.
$21.9
$875
$3,791
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Florence, SC is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks have experienced gradual growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive modest increases in compensation for these foundational financial positions.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Florence, SC
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Florence, SC, 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 specialized skills and extensive experience can command salaries well above the average, with percentile gaps reflecting substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,640 | $14.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,118 | $16.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,080 | $21.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,863 | $27.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,470 | $31 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$45,490
Gross Pay
Real Wage (Purchasing Power)
$45,490
Adjusted for COL (100)
The average annual salary of $45,490 in Florence, SC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents without the added pressure of a higher cost of living.
Job Market Context
770
Total Jobs
8.554
Per 1K Jobs
0.91
Location Quotient
Florence, SC has 0.91x 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 0.91 for Bookkeeping, Accounting, and Auditing Clerks in Florence, SC, signifies a job market that is nearly on par with the national average in terms of concentration. This suggests that while the profession is well-represented, it is not disproportionately dominant, indicating a balanced competitive landscape for job seekers and employers alike.
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Comparing salaries near Florence, SC
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Florence, SC?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Florence, SC is $45,490. This typically ranges from $29,640 for entry-level positions to $64,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 12.4% lower than the national median of $51,940.
Is Florence, SC a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not significantly more lucrative than the national average.While the cost of living is at the national average, the average salary for these roles is below the national average. This indicates that Florence, SC, offers comparable financial stability but not a higher earning potential for this specific profession.
Is Florence, SC a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($44,810) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the Florence, SC salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Florence, SC, is $45,490, which is lower than the national average of $51,940.
What is the concentration of these jobs in Florence, SC?
The concentration, measured by the Location Quotient, is 0.91, indicating that the presence of these jobs in Florence is slightly below the national average.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Florence, SC, is exactly at the national average (100), meaning the $45,490 salary has purchasing power equivalent to the national average.
How many Bookkeeping, Accounting, and Auditing Clerk jobs are there locally?
There are approximately 770 individuals employed in these roles within the Florence, SC 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 770 employees in the Florence, SC area with a job density of 8.554 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, SC