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Average Bookkeeping, Accounting, and Auditing Clerks Salary in Guam

Bookkeeping, Accounting, and Auditing Clerks in Guam earn an average annual salary of $32,770. This figure is notably lower than the national average of $51,940, a disparity often influenced by the unique economic landscape and specific industry demands of island territories like Guam. Localized economic factors and the cost of doing business on the island play a significant role in shaping compensation for these essential financial roles.

Executive Summary

  • Average Salary: $32,770 per year.
  • Growth Trend: Salaries have shifted 14.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $45,820.
  • Outlook: With a local workforce of 850 individuals in this sector, Guam presents a concentrated job market for Bookkeeping, Accounting, and Auditing Clerks. The Location Quotient of 1.44 indicates a higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for skilled professionals in this field within the local economy.
2024 Market Data

Salary Overview

$32,770

The average Bookkeeping, Accounting, and Auditing Clerks in Guam earns-36.9%below the national average.

BreakdownBased on 40h/week
Hourly

$15.8

Weekly

$630

Monthly

$2,731

Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Guam

Career progression for Bookkeeping, Accounting, and Auditing Clerks in Guam, as elsewhere, is typically marked by increasing salary levels. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The salary distribution, with higher percentiles representing senior roles, clearly signifies a rewarding career path for those who advance their expertise and responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$22,380$10.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$24,578$11.8
ManagerOversees team, compliance, and project delivery.50% (Median)$30,890$14.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$40,963$19.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$45,820$22

Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis

Relocation Context

Nominal Salary

$32,770

Gross Pay

Real Wage (Purchasing Power)

$25,208

Adjusted for COL (130)

The nominal average salary of $32,770 in Guam must be considered alongside its Cost of Living Index of 130, which is 30% higher than the national average. This means that while the take-home pay is lower than the national average, the purchasing power of that salary is further diminished by the higher cost of goods and services on the island, presenting a significant consideration for potential relocators.

Job Market Context

850

Total Jobs

13.618

Per 1K Jobs

1.44

Location Quotient

Above Average

With a location quotient of 1.44, Guam has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.

The Location Quotient of 1.44 for Bookkeeping, Accounting, and Auditing Clerks in Guam signifies a notable concentration of these roles relative to the national average. This suggests that the job market here is more specialized and potentially less saturated than in larger mainland economies, offering a competitive edge for individuals seeking employment in this field on the island.

Nearby Job Markets

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Frequently Asked Questions

How much does a Bookkeeping, Accounting, and Auditing Clerks make in Guam?

The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Guam is $32,770. This typically ranges from $22,380 for entry-level positions to $45,820 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Guam is 36.9% lower than the national median of $51,940.

Is Guam a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?

No, not in terms of nominal salary compared to the national average.While the concentration of these roles is higher than the national average, the average salary of $32,770 is significantly below the national average of $51,940. This is further impacted by a higher cost of living on the island.

Is Guam a good place to live for Bookkeeping, Accounting, and Auditing Clerks?

The Cost of Living Index in Guam is 130. While higher than average, this often correlates with higher wages.

How does Guam's job market for clerks compare to the national average?

Guam has a higher concentration of Bookkeeping, Accounting, and Auditing Clerk roles, as indicated by a Location Quotient of 1.44, suggesting a specialized local demand.

What is the impact of Guam's cost of living on salaries?

Guam's Cost of Living Index is 130, meaning expenses are 30% higher than the national average. This makes the lower nominal salary of $32,770 less impactful in terms of purchasing power.

How many Bookkeeping, Accounting, and Auditing Clerk jobs are there per 1,000 workers in Guam?

There are approximately 13.62 jobs per 1,000 workers in Guam for Bookkeeping, Accounting, and Auditing Clerks, indicating a solid presence in the local workforce.

Is experience valued in Guam's accounting clerk roles?

Yes, like most markets, experience is expected to significantly increase earning potential, with higher salary percentiles reflecting senior-level positions and responsibilities.

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 Guam area with a job density of 13.618 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bookkeeping, Accounting, and Auditing Clerks • Data source: BLS OEWS 2024 •Jobs in Guam