SalaryNode

Average Bookkeeping, Accounting, and Auditing Clerks Salary in Lexington-Fayette, KY

In Lexington-Fayette, KY, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $49,100. This figure is slightly below the national average of $51,940, a common trend in areas where the cost of living aligns with the national benchmark. Local economic factors and industry demand within the region play a significant role in shaping compensation for these essential financial roles.

Executive Summary

  • Average Salary: $49,100 per year.
  • Growth Trend: Salaries have shifted 23.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $70,530.
  • Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Lexington-Fayette, KY, appears robust, with a total local workforce of 3,220 individuals in this sector. The Location Quotient of 1.2 indicates a concentration of these roles that is 20% higher than the national average, suggesting a stable and potentially growing demand for skilled professionals in this field within the metropolitan area.
2024 Market Data

Salary Overview

$49,100

The average Bookkeeping, Accounting, and Auditing Clerks in Lexington-Fayette, KY earns-5.5%below the national average.

BreakdownBased on 40h/week
Hourly

$23.6

Weekly

$944

Monthly

$4,092

Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Lexington-Fayette, KY

Experience significantly influences earning potential for Bookkeeping, Accounting, and Auditing Clerks. Entry-level positions typically start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command substantially higher salaries. The percentile gaps in salary distribution reflect this progression, with experienced professionals occupying the higher earning brackets.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$31,190$15
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$36,825$17.7
ManagerOversees team, compliance, and project delivery.50% (Median)$46,480$22.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$61,375$29.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$70,530$33.9

Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis

Relocation Context

Nominal Salary

$49,100

Gross Pay

Real Wage (Purchasing Power)

$49,100

Adjusted for COL (100)

The nominal average salary of $49,100 in Lexington-Fayette, KY, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of the salary in Lexington-Fayette is effectively on par with the national average, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.

Job Market Context

3,220

Total Jobs

11.375

Per 1K Jobs

1.2

Location Quotient

Above Average

With a location quotient of 1.20, Lexington-Fayette, KY has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.

With a Location Quotient of 1.2, Lexington-Fayette, KY, demonstrates a notable concentration of Bookkeeping, Accounting, and Auditing Clerk positions compared to the national landscape. This suggests that the job market is relatively competitive but also indicates a healthy demand for these professionals, offering ample opportunities for those seeking employment or career advancement in the field.

Nearby Job Markets

Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks

CitySalaryDist.
Central Kentucky nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary$44,130↓ 10%28 mi
South Central Kentucky nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary$41,930↓ 15%28 mi
West Kentucky nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary$43,680↓ 11%28 mi
East Kentucky nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary$41,930↓ 15%28 mi
Louisville/Jefferson County, KY-IN Bookkeeping, Accounting, and Auditing Clerks Salary$50,070↑ 2%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Bookkeeping, Accounting, and Auditing Clerkss?

Frequently Asked Questions

How much does a Bookkeeping, Accounting, and Auditing Clerks make in Lexington-Fayette, KY?

The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Lexington-Fayette, KY is $49,100. This typically ranges from $31,190 for entry-level positions to $70,530 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 5.5% lower than the national median of $51,940.

Is Lexington-Fayette, KY a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?

Yes, with a stable financial outlook.While the average salary is slightly below the national average, the cost of living is also at the national average, making the purchasing power comparable. The higher-than-average concentration of these roles suggests consistent demand.

Is Lexington-Fayette, KY a good place to live for Bookkeeping, Accounting, and Auditing Clerks?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($44,130) and South Central Kentucky nonmetropolitan area.

How does the Lexington-Fayette salary compare to the national average?

The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Lexington-Fayette, KY, is $49,100, which is slightly lower than the national average of $51,940.

What is the cost of living in Lexington-Fayette, KY?

Lexington-Fayette, KY, has a cost of living index of 100, which is exactly the national average.

How concentrated are bookkeeping jobs in Lexington-Fayette, KY?

The concentration of bookkeeping, accounting, and auditing clerk jobs in Lexington-Fayette, KY, is indicated by a Location Quotient of 1.2, meaning it's 20% more concentrated than the national average.

How many bookkeeping, accounting, and auditing clerk jobs are there per 1,000 workers in Lexington-Fayette, KY?

There are approximately 11.375 jobs per 1,000 workers for Bookkeeping, Accounting, and Auditing Clerks in Lexington-Fayette, KY.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,220 employees in the Lexington-Fayette, KY area with a job density of 11.375 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 Lexington-Fayette, KY