Average Bookkeeping, Accounting, and Auditing Clerks Salary in Lafayette-West Lafayette, IN
In Lafayette-West Lafayette, IN, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $50,340. 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 Lafayette are influenced by the local job market dynamics and the overall economic landscape of Indiana.
Executive Summary
- Average Salary: $50,340 per year.
- Growth Trend: Salaries have shifted 23.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $65,360.
- Outlook: The Lafayette-West Lafayette area supports a workforce of 810 Bookkeeping, Accounting, and Auditing Clerks. With a Location Quotient of 0.84, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally concentrated job market. The presence of nearly 8 professionals per 1,000 workers indicates a consistent demand for these essential financial support roles within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Lafayette-West Lafayette, IN earns-3.1%below the national average.
$24.2
$968
$4,195
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Lafayette is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks have seen steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial services, and the need for skilled professionals to manage complex accounting tasks.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Lafayette-West Lafayette, IN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Lafayette-West Lafayette, as elsewhere, typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. These percentile gaps clearly signify the career trajectory and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,070 | $15.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,755 | $18.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,990 | $23.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,925 | $30.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $65,360 | $31.4 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,340
Gross Pay
Real Wage (Purchasing Power)
$50,340
Adjusted for COL (100)
The average annual salary of $50,340 in Lafayette-West Lafayette aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Bookkeeping, Accounting, and Auditing Clerk's salary in this area is equivalent to the national standard, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
810
Total Jobs
7.955
Per 1K Jobs
0.84
Location Quotient
Lafayette-West Lafayette, 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, the Lafayette-West Lafayette market for Bookkeeping, Accounting, and Auditing Clerks is slightly less concentrated than the national average. This suggests that while the profession is present and necessary, it is not a dominant industry in the region. The job market is likely competitive, with opportunities available but perhaps not as abundant as in areas with a higher concentration of financial services firms.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Lafayette-West Lafayette, IN
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Lafayette-West Lafayette, IN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Lafayette-West Lafayette, IN is $50,340. This typically ranges from $33,070 for entry-level positions to $65,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 3.1% lower than the national median of $51,940.
Is Lafayette-West Lafayette, IN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to the national average.The average salary of $50,340 is slightly below the national average of $51,940, and the cost of living is exactly at the national average, indicating standard earning potential.
Is Lafayette-West Lafayette, IN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($45,590) and Northern Indiana nonmetropolitan area.
How does the Lafayette-West Lafayette salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Lafayette-West Lafayette is $50,340, which is slightly lower than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Lafayette-West Lafayette?
The concentration, measured by the Location Quotient, is 0.84, indicating that the proportion of these roles in Lafayette-West Lafayette is slightly less than the national average.
How does the cost of living in Lafayette-West Lafayette affect salary perception?
The cost of living index is 100, which is the national average. This means the $50,340 salary has purchasing power equivalent to the national average, making it neither particularly high nor low in real terms.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Lafayette-West Lafayette?
There are approximately 810 Bookkeeping, Accounting, and Auditing Clerks employed in the Lafayette-West Lafayette area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 810 employees in the Lafayette-West Lafayette, IN area with a job density of 7.955 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 Lafayette-West Lafayette, IN