Average Bookkeeping, Accounting, and Auditing Clerks Salary in Iowa City, IA
In Iowa City, IA, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $49,430. This figure is slightly below the national average of $51,940, reflecting localized economic factors and demand within the region. The specific pay rates in Iowa City are influenced by the area's unique economic landscape and the concentration of businesses requiring these essential financial roles.
Executive Summary
- Average Salary: $49,430 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $67,980.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Iowa City, IA, appears stable with a total local workforce of 680 individuals in this role. The Location Quotient of 0.78 suggests a slightly lower concentration compared to the national average, indicating a moderate but not oversaturated demand for these professionals within the city's economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Iowa City, IA earns-4.8%below the national average.
$23.8
$951
$4,119
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Iowa City 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 services, and the evolving complexity of accounting regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Iowa City, IA
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Iowa City, IA, 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 specialized skills and extensive experience can command salaries well above the average, with percentile gaps clearly signifying this advancement potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,550 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,073 | $17.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,750 | $22.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,788 | $29.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $67,980 | $32.7 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$49,430
Gross Pay
Real Wage (Purchasing Power)
$49,430
Adjusted for COL (100)
The average annual salary of $49,430 in Iowa City, IA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Iowa City clerk's salary is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
680
Total Jobs
7.356
Per 1K Jobs
0.78
Location Quotient
Iowa City, IA has 0.78x 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 0.78, Iowa City, IA, has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerks compared to the national average. This suggests that while the profession is present and necessary, the market may be less competitive than in major metropolitan hubs, potentially offering good opportunities for skilled individuals entering the field.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Iowa City, IA
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Iowa City, IA?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Iowa City, IA is $49,430. This typically ranges from $32,550 for entry-level positions to $67,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Iowa City, IA is 4.8% lower than the national median of $51,940.
Is Iowa City, IA a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, it is not exceptionally lucrative compared to the national average.The average salary of $49,430 is below the national average of $51,940, although the cost of living is on par with the national average.
Is Iowa City, IA a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Iowa City, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Iowa City, IA?
Some top paying nearby cities include Cedar Rapids, IA ($49,990) and Davenport-Moline-Rock Island, IA-IL.
How does the Iowa City salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Iowa City, IA, is $49,430, which is approximately $2,510 less than the national average of $51,940.
What is the concentration of these roles in Iowa City?
The concentration, measured by the Location Quotient, is 0.78, indicating that these roles are slightly less prevalent in Iowa City compared to the national average.
How does the cost of living affect the salary?
The cost of living in Iowa City is exactly at the national average (100), meaning the $49,430 salary has the same purchasing power as the national average salary.
What does the number of jobs per 1,000 workers indicate?
With 7.356 jobs per 1,000 workers, this metric suggests a steady presence of bookkeeping and accounting roles within the local workforce structure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the Iowa City, IA area with a job density of 7.356 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 Iowa City, IA