In Grand Rapids-Wyoming-Kentwood, MI, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $48,770. This figure is slightly below the national average of $51,940, indicating localized market dynamics may influence compensation. Factors such as regional economic conditions and the specific demand within the Grand Rapids area contribute to this pay differential.
Executive Summary
- Average Salary: $48,770 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,640.
- Outlook: The Grand Rapids-Wyoming-Kentwood, MI area supports a substantial workforce of 5,400 individuals in bookkeeping, accounting, and auditing clerk roles. With a Location Quotient of 1.02, the concentration of these jobs is very close to the national average, suggesting a stable and consistent demand for these professionals within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Grand Rapids-Wyoming-Kentwood, MI earns-6.1%below the national average.
$23.5
$938
$4,064
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Grand Rapids is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks have seen a steady upward trend over the past four years, mirroring national economic growth and increasing demand for financial record-keeping expertise. This growth is typically driven by inflation, increased responsibilities, and the evolving complexity of financial regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a significant salary increase with experience. Entry-level positions may start at 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 clearly signify the career ladder and the financial rewards of accumulating expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,090 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,578 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,930 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,963 | $29.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,640 | $30.1 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,770
Gross Pay
Real Wage (Purchasing Power)
$48,770
Adjusted for COL (100)
The average annual salary of $48,770 in Grand Rapids-Wyoming-Kentwood, MI aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that the cost of living does not significantly inflate or deflate the perceived value of this income.
Job Market Context
5,400
Total Jobs
9.624
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Grand Rapids-Wyoming-Kentwood, MI has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
With a Location Quotient of 1.02, the Grand Rapids-Wyoming-Kentwood, MI market exhibits a job concentration for Bookkeeping, Accounting, and Auditing Clerks that is just slightly above the national average. This indicates a healthy, balanced market where the number of available positions is closely aligned with the national proportion, suggesting moderate competition and stable employment opportunities.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,930↓ 2% | 35 mi |
| Kalamazoo-Portage, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $48,590↓ 0% | 48 mi |
| Battle Creek, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,480↓ 3% | 51 mi |
| Lansing-East Lansing, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $50,200↑ 3% | 58 mi |
| Mid Michigan nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary | $46,510↓ 5% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Grand Rapids-Wyoming-Kentwood, MI is $48,770. This typically ranges from $36,090 for entry-level positions to $62,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 6.1% lower than the national median of $51,940.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately lucrative, with average pay matching the cost of living.The average salary of $48,770 is on par with the national average cost of living, making it a stable financial environment. While slightly below the national average salary, the job market shows a healthy concentration of these roles.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($47,930) and Kalamazoo-Portage, MI.
How does the Grand Rapids salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Grand Rapids-Wyoming-Kentwood, MI is $48,770, which is slightly lower than the national average of $51,940.
What is the job market like for these clerks in Grand Rapids?
The job market is stable, with 5,400 individuals employed in these roles and a Location Quotient of 1.02, indicating a concentration very close to the national average.
Does the cost of living affect the salary in Grand Rapids?
No, the local cost of living index is 100, which is the national average. This means the $48,770 salary has a purchasing power equivalent to the national average.
How many bookkeeping, accounting, and auditing clerk jobs are there per 1,000 workers in Grand Rapids?
There are approximately 9.624 jobs per 1,000 workers for Bookkeeping, Accounting, and Auditing Clerks in the Grand Rapids-Wyoming-Kentwood, MI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,400 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 9.624 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 Rapids-Wyoming-Kentwood, MI