Average Bookkeeping, Accounting, and Auditing Clerks Salary in Grand Forks, ND-MN
In Grand Forks, ND-MN, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $49,520. This figure is slightly below the national average of $51,940, a common occurrence in regions with a lower cost of living and a more localized economic structure. The specific economic dynamics and demand within the Grand Forks metropolitan area directly influence compensation levels for these vital financial roles.
Executive Summary
- Average Salary: $49,520 per year.
- Growth Trend: Salaries have shifted 20.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,670.
- Outlook: The Grand Forks, ND-MN market for Bookkeeping, Accounting, and Auditing Clerks appears stable, with a total local workforce of 430 individuals in this sector. The Location Quotient of 0.9 suggests a concentration that is very close to the national average, indicating a balanced presence of these roles relative to the overall workforce. With approximately 8.48 jobs per 1,000 workers, the demand is consistent, reflecting a steady need for skilled financial clerks within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Grand Forks, ND-MN earns-4.7%below the national average.
$23.8
$952
$4,127
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Grand Forks 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. Economic recovery, inflation, and increasing demand for financial services typically drive modest annual increases in compensation for these essential roles, ensuring that pay keeps pace with the evolving economic landscape.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Grand Forks, ND-MN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Grand Forks, ND-MN, is typically marked by increasing salary levels. Entry-level positions will naturally command lower salaries, while experienced professionals with specialized skills or supervisory responsibilities can expect significantly higher earnings. The percentile gaps in salary distribution reflect this career trajectory, with senior clerks and those in specialized accounting functions occupying the higher salary brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,400 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,140 | $17.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,490 | $23.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,900 | $29.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,670 | $30.1 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$49,520
Gross Pay
Real Wage (Purchasing Power)
$49,520
Adjusted for COL (100)
The average annual salary of $49,520 in Grand Forks, ND-MN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly in line with the rest of the country. Individuals relocating to Grand Forks can expect their earnings to provide a standard level of living comparable to the national median, without the added financial strain of a higher cost of living.
Job Market Context
430
Total Jobs
8.476
Per 1K Jobs
0.9
Location Quotient
Grand Forks, ND-MN has 0.90x 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 0.9, the Grand Forks, ND-MN market for Bookkeeping, Accounting, and Auditing Clerks is nearly on par with the national average in terms of concentration. This suggests a competitive yet accessible job market; the roles are present and necessary, but not so overwhelmingly abundant as to depress wages significantly. Employers will find a steady pool of talent, and job seekers can expect a reasonable number of opportunities within this established sector.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Fargo, ND-MN Bookkeeping, Accounting, and Auditing Clerks Salary | $50,100↑ 1% | 74 mi |
Comparing salaries near Grand Forks, ND-MN
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Grand Forks, ND-MN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Grand Forks, ND-MN is $49,520. This typically ranges from $36,400 for entry-level positions to $62,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Forks, ND-MN is 4.7% lower than the national median of $51,940.
Is Grand Forks, ND-MN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative, but stable.The average salary of $49,520 is slightly below the national average, though the cost of living is also at the national average. This indicates a stable, rather than highly lucrative, earning potential for these roles in Grand Forks.
Is Grand Forks, ND-MN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Grand Forks, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Forks, ND-MN?
Some top paying nearby cities include Fargo, ND-MN ($50,100) and others.
How does Grand Forks's salary for these clerks compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Grand Forks, ND-MN is $49,520, which is slightly lower than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Grand Forks?
The concentration, measured by the Location Quotient, is 0.9, indicating that these roles are present in Grand Forks at a level very close to the national average.
How does the cost of living in Grand Forks affect the salary?
Grand Forks has a Cost of Living Index of 100, which is the national average. This means the $49,520 salary offers purchasing power equivalent to the national median.
What does the workforce size suggest about job availability?
With 430 Bookkeeping, Accounting, and Auditing Clerks locally, and approximately 8.48 jobs per 1,000 workers, the market indicates a consistent demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Grand Forks, ND-MN area with a job density of 8.476 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 Grand Forks, ND-MN