Average Bookkeeping, Accounting, and Auditing Clerks Salary in Maryland
Bookkeeping, Accounting, and Auditing Clerks in Maryland earn an average annual salary of $56,080, surpassing the national average of $51,940. This higher compensation reflects Maryland's robust economic landscape and potentially higher operational costs for businesses within the state, necessitating competitive pay to attract and retain skilled financial professionals.
Executive Summary
- Average Salary: $56,080 per year.
- Growth Trend: Salaries have shifted 18.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,490.
- Outlook: With a local workforce of 18,380 individuals in this sector, Maryland demonstrates a significant presence of accounting and bookkeeping professionals. The Location Quotient of 0.71 suggests that while the concentration is slightly below the national average, the sheer volume indicates a stable and substantial demand for these roles within the state's economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Maryland earns+8.0%above the national average.
$27
$1,078
$4,673
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in Maryland have experienced steady growth over the past four years, mirroring national trends. Economic expansion and evolving industry demands typically drive an upward trajectory in compensation for these essential financial roles.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Maryland
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Maryland typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with specialized skills and years of experience can command salaries well into the higher percentiles, reflecting a clear path for career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,420 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,060 | $20.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,080 | $26 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,100 | $33.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,490 | $36.8 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$56,080
Gross Pay
Real Wage (Purchasing Power)
$44,828
Adjusted for COL (125.1)
The average annual salary of $56,080 in Maryland needs to be considered against its Cost of Living Index of 125.1. This index is notably higher than the national average, meaning that while the nominal salary is attractive, the purchasing power of that income will be somewhat diminished compared to areas with a lower cost of living.
Job Market Context
18,380
Total Jobs
6.692
Per 1K Jobs
0.71
Location Quotient
Maryland has 0.71x 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 0.71 indicates that Maryland has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerks relative to the national average. This suggests that while the profession is well-represented, the market may not be oversaturated, potentially offering good opportunities for skilled professionals seeking employment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Bookkeeping, Accounting, and Auditing Clerks Salary | $58,760↑ 5% | 17 mi |
| Baltimore-Columbia-Towson, MD Bookkeeping, Accounting, and Auditing Clerks Salary | $55,900↓ 0% | 19 mi |
| Gettysburg, PA Bookkeeping, Accounting, and Auditing Clerks Salary | $47,230↓ 16% | 58 mi |
| Lexington Park, MD Bookkeeping, Accounting, and Auditing Clerks Salary | $53,920↓ 4% | 59 mi |
| York-Hanover, PA Bookkeeping, Accounting, and Auditing Clerks Salary | $48,280↓ 14% | 62 mi |
Comparing salaries near Maryland
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Maryland?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Maryland is $56,080. This typically ranges from $38,420 for entry-level positions to $76,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland is 8.0% higher than the national median of $51,940.
Is Maryland a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Maryland offers a lucrative environment for Bookkeeping, Accounting, and Auditing Clerks.The average salary of $56,080 is higher than the national average, providing a strong financial incentive. However, the higher cost of living means that the real value of this salary should be carefully considered.
Is Maryland a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Maryland is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($58,760) and Baltimore-Columbia-Towson, MD.
How does Maryland's average salary compare to the national average for this role?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Maryland is $56,080, which is approximately $4,140 higher than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Maryland?
Maryland has a Location Quotient of 0.71 for these roles, indicating a slightly lower concentration compared to the national average. There are 6.692 jobs per 1,000 workers in the state.
How does the cost of living in Maryland affect the salary for these clerks?
With a Cost of Living Index of 125.1, Maryland is significantly more expensive than the national average. This means that the higher nominal salary of $56,080 may not translate to proportionally higher purchasing power.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Maryland?
There are approximately 18,380 Bookkeeping, Accounting, and Auditing Clerks employed in Maryland, reflecting a substantial workforce in this field within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 18,380 employees in the Maryland area with a job density of 6.692 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 Maryland