Average Bookkeeping, Accounting, and Auditing Clerks Salary in Lexington Park, MD
In Lexington Park, MD, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $53,920. This figure slightly surpasses the national average of $51,940, suggesting that local economic factors and demand within the region contribute to a competitive compensation landscape for these essential financial roles.
Executive Summary
- Average Salary: $53,920 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,470.
- Outlook: Lexington Park supports a local workforce of 420 individuals in bookkeeping, accounting, and auditing clerk roles. With a Location Quotient of 0.61, the concentration of these jobs is below the national average, indicating a potentially less saturated market compared to other areas, though the absolute number suggests a stable presence rather than rapid expansion.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Lexington Park, MD earns+3.8%above the national average.
$25.9
$1,037
$4,493
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Lexington Park is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in this region have experienced growth over the past four years, mirroring national trends of increasing wages driven by inflation, evolving job responsibilities, and a consistent demand for financial expertise.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Lexington Park, MD
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Lexington Park, as elsewhere, typically involves a salary increase with experience. Entry-level positions will command lower salaries, while senior clerks with extensive experience and specialized skills can expect to earn significantly more, with percentile gaps reflecting the value of accumulated knowledge and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,410 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,440 | $19.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,310 | $24.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,400 | $32.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,470 | $35.8 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$53,920
Gross Pay
Real Wage (Purchasing Power)
$53,920
Adjusted for COL (100)
The average annual salary of $53,920 in Lexington Park aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, making Lexington Park a financially neutral location in terms of cost of living relative to its compensation for these roles.
Job Market Context
420
Total Jobs
5.803
Per 1K Jobs
0.61
Location Quotient
Lexington Park, MD has 0.61x 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.
A Location Quotient of 0.61 indicates that Lexington Park has a lower concentration of Bookkeeping, Accounting, and Auditing Clerk jobs relative to the national average. This suggests that while the roles exist and are compensated slightly above the national average, the market may not be as robust or specialized as in areas with a higher concentration, implying a moderate level of competition.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Lexington Park, MD
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Lexington Park, MD?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Lexington Park, MD is $53,920. This typically ranges from $36,410 for entry-level positions to $74,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 3.8% higher than the national median of $51,940.
Is Lexington Park, MD a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, moderately so.The average salary of $53,920 is slightly above the national average, and the cost of living is on par with the national average, offering good purchasing power.
Is Lexington Park, MD a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($51,380) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Lexington Park salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Lexington Park, MD is $53,920, which is approximately $1,980 higher than the national average of $51,940.
What is the Cost of Living in Lexington Park, MD?
Lexington Park, MD has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
How concentrated are these jobs in Lexington Park?
The Location Quotient for these roles in Lexington Park is 0.61, meaning the concentration of Bookkeeping, Accounting, and Auditing Clerks is 39% lower than the national average.
What is the total number of these clerks in Lexington Park?
There are approximately 420 Bookkeeping, Accounting, and Auditing Clerks employed in the Lexington Park, MD area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Lexington Park, MD area with a job density of 5.803 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 Lexington Park, MD