Average Bookkeeping, Accounting, and Auditing Clerks Salary in Kokomo, IN
In Kokomo, IN, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $45,590. This figure is notably below the national average of $51,940, suggesting that local market dynamics and potentially a lower cost of doing business influence compensation in this region. While the nominal salary may seem lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $45,590 per year.
- Growth Trend: Salaries have shifted 22.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,010.
- Outlook: The market for Bookkeeping, Accounting, and Auditing Clerks in Kokomo, IN, comprises approximately 280 professionals. With a Location Quotient of 0.84, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand relative to other occupations. The presence of nearly 8 professionals per 1,000 workers signifies a consistent need for these essential financial support roles within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Kokomo, IN earns-12.2%below the national average.
$21.9
$877
$3,799
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Kokomo is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for skilled administrative and financial roles, ensuring that pay remains competitive within the local context.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Kokomo, IN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Kokomo, IN, is typically marked by increasing salary potential. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, potentially reaching into the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise and proven performance in financial record-keeping and analysis.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,020 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,193 | $16.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,660 | $21.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,988 | $27.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,010 | $29.3 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$45,590
Gross Pay
Real Wage (Purchasing Power)
$45,590
Adjusted for COL (100)
The average annual salary of $45,590 in Kokomo, IN, 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, offering a balanced financial standing for residents. While the nominal income is below the national average for the profession, the stable cost of living suggests that the take-home pay retains its value within the local economic environment.
Job Market Context
280
Total Jobs
7.896
Per 1K Jobs
0.84
Location Quotient
Kokomo, IN has 0.84x 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 0.84, Kokomo, IN, exhibits a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerk roles compared to the national average. This suggests that the job market is moderately competitive, with a steady supply of professionals available for the existing roles. While not a hub for this specific occupation, the consistent presence of these positions indicates ongoing opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Kokomo, IN
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Kokomo, IN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Kokomo, IN is $45,590. This typically ranges from $34,020 for entry-level positions to $61,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kokomo, IN is 12.2% lower than the national median of $51,940.
Is Kokomo, IN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, but it offers stable value.The average salary of $45,590 is below the national average, but the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Kokomo, IN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Kokomo, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kokomo, IN?
Some top paying nearby cities include Lafayette-West Lafayette, IN ($50,340) and Muncie, IN.
How does Kokomo's salary for this role compare to the national average?
The average salary in Kokomo ($45,590) is approximately 12.2% lower than the national average ($51,940).
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Kokomo?
Kokomo has a concentration of these roles that is 16% lower than the national average, as indicated by a Location Quotient of 0.84.
Does the cost of living in Kokomo affect the perceived value of the salary?
No, the cost of living in Kokomo is exactly at the national average (100), meaning the $45,590 salary has the same purchasing power as the national average salary for this role.
How many Bookkeeping, Accounting, and Auditing Clerk jobs are there per 1,000 workers in Kokomo?
There are approximately 7.9 jobs per 1,000 workers in Kokomo for this profession, indicating a consistent presence in the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Kokomo, IN area with a job density of 7.896 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 Kokomo, IN