Average Bookkeeping, Accounting, and Auditing Clerks Salary in Hot Springs, AR
In Hot Springs, Arkansas, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $40,680. This figure is notably below the national average of $51,940, reflecting localized economic conditions and demand within the region. Factors such as the cost of living and the concentration of related industries play a significant role in shaping compensation for these essential financial roles.
Executive Summary
- Average Salary: $40,680 per year.
- Growth Trend: Salaries have shifted 11.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,490.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR, appears stable, with a total local workforce of 340 individuals in this profession. The Location Quotient of 0.96 suggests a concentration very close to the national average, indicating a consistent, albeit not exceptionally high, demand for these services within the local economy. With 9.066 jobs per 1,000 workers, the presence of these roles is well-established.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR earns-21.7%below the national average.
$19.6
$782
$3,390
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Hot Springs, AR is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations, leading to incremental salary adjustments across the industry.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Hot Springs, AR
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR, typically involves a 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 significantly higher salaries. The percentile gaps in earnings clearly signify the career trajectory and the financial rewards associated with advancing expertise and responsibility within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,150 | $13.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $30,510 | $14.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $38,150 | $18.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $50,850 | $24.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $55,490 | $26.7 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$40,680
Gross Pay
Real Wage (Purchasing Power)
$40,680
Adjusted for COL (100)
The nominal average annual salary of $40,680 in Hot Springs, AR, aligns perfectly with the local Cost of Living index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, suggesting that while the absolute salary is lower than the national average, the cost of essential goods and services remains comparable, offering a balanced financial standing for residents.
Job Market Context
340
Total Jobs
9.066
Per 1K Jobs
0.96
Location Quotient
Hot Springs, AR has 0.96x 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 0.96, the job market for Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR, is nearly on par with the national average in terms of concentration. This indicates a healthy and stable presence of these roles, without an oversupply or significant undersupply of professionals. The market is competitive enough to ensure demand for skilled individuals but not so saturated as to depress wages excessively.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Hot Springs, AR
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Hot Springs, AR?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR is $40,680. This typically ranges from $27,150 for entry-level positions to $55,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 21.7% lower than the national median of $51,940.
Is Hot Springs, AR a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to the national average.The average salary of $40,680 is below the national average of $51,940, although the cost of living is also at the national average, making the purchasing power comparable.
Is Hot Springs, AR a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Hot Springs, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hot Springs, AR?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($46,880) and South Arkansas nonmetropolitan area.
How does the Hot Springs, AR salary compare to the national average?
The average salary for Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR, is $40,680, which is lower than the national average of $51,940.
What is the Cost of Living in Hot Springs, AR?
The Cost of Living Index in Hot Springs, AR, is 100, which is exactly the national average.
How concentrated are Bookkeeping, Accounting, and Auditing Clerk jobs in Hot Springs, AR?
The concentration, measured by the Location Quotient, is 0.96, indicating a level of concentration very close to the national average.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR?
There are approximately 340 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in Hot Springs, AR.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Hot Springs, AR area with a job density of 9.066 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 Hot Springs, AR