Average Bookkeeping, Accounting, and Auditing Clerks Salary in Madison, WI
In Madison, WI, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $52,840. This figure slightly surpasses the national average of $51,940, indicating a favorable compensation landscape within the city. Local economic factors and demand contribute to this competitive pay.
Executive Summary
- Average Salary: $52,840 per year.
- Growth Trend: Salaries have shifted 18.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $66,930.
- Outlook: With a local workforce of 4,500 individuals in this sector and a Location Quotient of 1.17, Madison demonstrates a concentration of these roles slightly above the national average. This suggests a stable and potentially growing demand for bookkeeping, accounting, and auditing clerks within the Madison area, signaling a robust job market.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Madison, WI earns+1.7%above the national average.
$25.4
$1,016
$4,403
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it's generally observed that roles like bookkeeping, accounting, and auditing clerks have seen consistent salary growth over the past four years, driven by inflation, increased demand for financial oversight, and evolving industry standards. Madison's market likely mirrors this trend, with professionals experiencing incremental increases in their earning potential.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Madison, WI
Experience significantly influences compensation 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 salaries well above the average. The percentile gaps in salary distribution highlight clear opportunities for career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,710 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,630 | $19.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,530 | $24.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $66,050 | $31.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $66,930 | $32.2 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$52,840
Gross Pay
Real Wage (Purchasing Power)
$52,840
Adjusted for COL (100)
The average annual salary of $52,840 in Madison, WI, aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a bookkeeping, accounting, and auditing clerk's salary in Madison is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.
Job Market Context
4,500
Total Jobs
11.087
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Madison, WI has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A Location Quotient of 1.17 indicates that Madison, WI, has a slightly higher concentration of Bookkeeping, Accounting, and Auditing Clerk positions compared to the national average. This suggests a moderately competitive market where employers may actively seek qualified candidates, offering a healthy environment for job seekers in this field.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,770↓ 10% | 33 mi |
| Rockford, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $48,690↓ 8% | 59 mi |
| Fond du Lac, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,670↓ 10% | 68 mi |
| Milwaukee-Waukesha, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $50,710↓ 4% | 72 mi |
| Oshkosh-Neenah, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $48,290↓ 9% | 77 mi |
Comparing salaries near Madison, WI
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Madison, WI?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Madison, WI is $52,840. This typically ranges from $37,710 for entry-level positions to $66,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 1.7% higher than the national median of $51,940.
Is Madison, WI a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Madison, WI offers a slightly above-average salary for these roles.The average salary of $52,840 in Madison is higher than the national average, and the cost of living is on par with the national average, making it a financially sound location.
Is Madison, WI a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($47,770) and Rockford, IL.
How does the local workforce size impact job availability?
A local workforce of 4,500 suggests a substantial pool of professionals, indicating a mature market with consistent opportunities for both employers and employees in bookkeeping, accounting, and auditing roles.
What does a Location Quotient of 1.17 signify?
A Location Quotient of 1.17 means that Madison has 17% more bookkeeping, accounting, and auditing clerk jobs per capita than the national average, indicating a slightly higher demand or concentration of these roles.
How does the cost of living in Madison compare nationally?
Madison's Cost of Living Index is 100, which is exactly the national average. This means that the general expenses for goods and services are comparable to the rest of the country.
What is the number of bookkeeping, accounting, and auditing clerk jobs per 1,000 workers in Madison?
There are approximately 11.087 bookkeeping, accounting, and auditing clerk jobs per 1,000 workers in Madison, WI, reflecting the local employment landscape for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,500 employees in the Madison, WI area with a job density of 11.087 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 Madison, WI