Average Bookkeeping, Accounting, and Auditing Clerks Salary in Mankato, MN
In Mankato, MN, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $52,380. This figure is slightly above the national average of $51,940, indicating a stable demand for these essential financial roles within the local economy. Factors such as the specific industry mix and the overall economic health of the region contribute to this competitive compensation.
Executive Summary
- Average Salary: $52,380 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $70,910.
- Outlook: Mankato, MN supports a local workforce of 470 individuals in bookkeeping, accounting, and auditing clerk positions. With a Location Quotient of 0.9, the concentration of these roles is just shy of the national average, suggesting a healthy and consistent demand without being overly saturated. The presence of 8.472 jobs per 1,000 workers further underscores the steady need for these professionals in the local job market.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Mankato, MN earns+0.8%above the national average.
$25.2
$1,007
$4,365
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Mankato is not provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the region have experienced gradual growth over the past four years. This trend typically aligns with broader economic expansions, inflation adjustments, and increasing demand for skilled financial professionals, leading to incremental increases in average compensation.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Mankato, MN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Mankato, MN, is typically marked by increasing salary levels. Entry-level positions might start at the lower end of the pay scale, while experienced professionals with specialized skills or those in senior roles can command significantly higher salaries. The percentile gaps in earnings reflect this growth, with senior clerks often earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,400 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,285 | $18.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,750 | $23.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,475 | $31.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $70,910 | $34.1 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$52,380
Gross Pay
Real Wage (Purchasing Power)
$52,380
Adjusted for COL (100)
The average annual salary of $52,380 in Mankato, MN, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of a Mankato-based clerk's salary is equivalent to the national average, making the city an economically stable place to live and work without significant financial trade-offs related to living expenses.
Job Market Context
470
Total Jobs
8.472
Per 1K Jobs
0.9
Location Quotient
Mankato, MN has 0.90x 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.
Mankato, MN's Location Quotient of 0.9 for Bookkeeping, Accounting, and Auditing Clerks indicates a job market that is nearly on par with the national average in terms of concentration. This suggests a balanced market where opportunities exist, but the field is not exceptionally crowded, offering a good environment for both job seekers and employers seeking talent.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Bookkeeping, Accounting, and Auditing Clerks Salary | $55,920↑ 7% | 66 mi |
| Rochester, MN Bookkeeping, Accounting, and Auditing Clerks Salary | $56,830↑ 8% | 75 mi |
| St. Cloud, MN Bookkeeping, Accounting, and Auditing Clerks Salary | $52,630↑ 0% | 95 mi |
Comparing salaries near Mankato, MN
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Mankato, MN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Mankato, MN is $52,380. This typically ranges from $37,400 for entry-level positions to $70,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mankato, MN is 0.8% higher than the national median of $51,940.
Is Mankato, MN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Mankato, MN offers a competitive compensation landscape for these roles.The average salary of $52,380 slightly exceeds the national average, and the cost of living is exactly at the national benchmark, providing strong purchasing power.
Is Mankato, MN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Mankato, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mankato, MN?
Some top paying nearby cities include Minneapolis-St. Paul-Bloomington, MN-WI ($55,920) and Rochester, MN.
How does Mankato's salary compare to the national average?
Bookkeeping, Accounting, and Auditing Clerks in Mankato earn an average of $52,380 annually, which is slightly higher than the national average of $51,940.
What is the cost of living in Mankato, MN?
Mankato, MN has a Cost of Living Index of 100, which is precisely the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How concentrated are bookkeeping jobs in Mankato?
The concentration of bookkeeping, accounting, and auditing clerk jobs in Mankato is represented by a Location Quotient of 0.9, indicating a presence that is very close to the national average.
What is the total number of bookkeeping, accounting, and auditing clerks in Mankato?
There are approximately 470 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in Mankato, MN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Mankato, MN area with a job density of 8.472 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 Mankato, MN