Average Bookkeeping, Accounting, and Auditing Clerks Salary in Fort Smith, AR-OK
In Fort Smith, AR-OK, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $43,090. This figure is notably below the national average of $51,940, reflecting regional economic factors and the specific demand within the local market. The compensation is directly influenced by the cost of doing business and the overall economic landscape of the Fort Smith metropolitan area.
Executive Summary
- Average Salary: $43,090 per year.
- Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,040.
- Outlook: The Fort Smith, AR-OK market for Bookkeeping, Accounting, and Auditing Clerks presents a stable employment environment, with a local workforce of 850 professionals in this field. The Location Quotient of 0.93 suggests that the concentration of these roles is nearly on par with the national average, indicating a consistent, albeit not exceptionally high, demand for these services within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Fort Smith, AR-OK earns-17.0%below the national average.
$20.7
$829
$3,591
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Fort Smith's bookkeeping sector isn't provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery and evolving business needs typically drive modest increases in compensation for accounting and bookkeeping roles, even in smaller metropolitan areas.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Fort Smith, AR-OK
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Fort Smith, AR-OK, typically involves a clear salary trajectory. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles of the reported average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,900 | $14.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,318 | $15.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $39,340 | $18.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,863 | $25.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,040 | $27.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$43,090
Gross Pay
Real Wage (Purchasing Power)
$43,090
Adjusted for COL (100)
The nominal average annual salary of $43,090 in Fort Smith, AR-OK, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a bookkeeping clerk's salary in Fort Smith is equivalent to that of a clerk earning the national average salary in a location with a national average cost of living.
Job Market Context
850
Total Jobs
8.801
Per 1K Jobs
0.93
Location Quotient
Fort Smith, AR-OK has 0.93x 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 0.93, the Fort Smith, AR-OK market for Bookkeeping, Accounting, and Auditing Clerks is neither significantly over- nor under-represented compared to the national average. This suggests a balanced job market where demand is stable and professionals are likely to find opportunities without facing extreme competition or scarcity.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Bookkeeping, Accounting, and Auditing Clerks Salary | $46,050↑ 7% | 51 mi |
| Hot Springs, AR Bookkeeping, Accounting, and Auditing Clerks Salary | $40,680↓ 6% | 96 mi |
Comparing salaries near Fort Smith, AR-OK
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Fort Smith, AR-OK?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Fort Smith, AR-OK is $43,090. This typically ranges from $29,900 for entry-level positions to $58,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Smith, AR-OK is 17.0% lower than the national median of $51,940.
Is Fort Smith, AR-OK a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to national averages.While the cost of living is average, the average salary of $43,090 is below the national average of $51,940, indicating less lucrative earning potential in this specific role.
Is Fort Smith, AR-OK a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Fort Smith, AR-OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Smith, AR-OK?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($46,050) and Hot Springs, AR.
How does the local workforce size impact job availability?
A local workforce of 850 indicates a substantial pool of professionals, suggesting a mature market where opportunities exist but may require demonstrating specific skills to stand out.
What does a Location Quotient of 0.93 signify?
A Location Quotient of 0.93 means that Fort Smith has slightly fewer bookkeeping, accounting, and auditing clerks per worker than the national average, suggesting a stable but not booming demand.
How does experience affect salary in Fort Smith?
Experience is a key driver of salary. Entry-level clerks will earn less, while those with several years of experience and advanced skills can expect to earn significantly more than the average.
Is the cost of living a major factor for accountants in Fort Smith?
No, the cost of living in Fort Smith is at the national average (100), meaning the $43,090 salary has average purchasing power locally, making it neither a high-cost nor a low-cost area for living expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 850 employees in the Fort Smith, AR-OK area with a job density of 8.801 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 Fort Smith, AR-OK