Average Bookkeeping, Accounting, and Auditing Clerks Salary in Memphis, TN-MS-AR
In the Memphis, TN-MS-AR metropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $48,850. This figure is slightly below the national average of $51,940, suggesting that while the demand for these roles is present, local economic factors and industry compensation structures may influence the overall pay scale compared to the broader U.S. market.
Executive Summary
- Average Salary: $48,850 per year.
- Growth Trend: Salaries have shifted 10.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,820.
- Outlook: The Memphis, TN-MS-AR region supports a substantial workforce of 6,490 individuals in Bookkeeping, Accounting, and Auditing Clerk roles. With a Location Quotient of 1.11, this indicates a slightly higher concentration of these professionals than the national average, suggesting a robust and established market for these essential financial support positions.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Memphis, TN-MS-AR earns-5.9%below the national average.
$23.5
$939
$4,071
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles within the bookkeeping and accounting sector have experienced steady salary growth over the past four years, driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations. This trend is likely reflected in the Memphis market, with professionals anticipating incremental increases in compensation.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Memphis, TN-MS-AR
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles of the salary range, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles, reflecting their increased value and expertise. The gap between entry-level and senior roles highlights substantial career growth opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,990 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,638 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,230 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,063 | $29.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,820 | $31.2 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,850
Gross Pay
Real Wage (Purchasing Power)
$48,850
Adjusted for COL (100)
The average annual salary of $48,850 in Memphis, TN-MS-AR aligns precisely with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power at the national benchmark, offering a stable financial environment for professionals considering relocation or residing within the area.
Job Market Context
6,490
Total Jobs
10.469
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Memphis, TN-MS-AR has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A Location Quotient of 1.11 signifies that Bookkeeping, Accounting, and Auditing Clerk roles are 11% more concentrated in Memphis, TN-MS-AR than the national average. This suggests a healthy demand and a well-established presence of these professionals within the local economy, indicating a competitive yet accessible job market for skilled individuals.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Bookkeeping, Accounting, and Auditing Clerks Salary | $43,940↓ 10% | 64 mi |
| Jackson, TN Bookkeeping, Accounting, and Auditing Clerks Salary | $45,260↓ 7% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Memphis, TN-MS-AR?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Memphis, TN-MS-AR is $48,850. This typically ranges from $33,990 for entry-level positions to $64,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 5.9% lower than the national median of $51,940.
Is Memphis, TN-MS-AR a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately. While the salary is slightly below the national average, the cost of living is also at the national average, making it a stable market.The average salary of $48,850 is slightly lower than the national average, but with a Cost of Living Index of 100, your earnings will maintain national average purchasing power.
Is Memphis, TN-MS-AR a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($43,940) and Jackson, TN.
What is the average salary for Bookkeeping, Accounting, and Auditing Clerks in Memphis, TN-MS-AR?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Memphis, TN-MS-AR is $48,850.
How does the Memphis salary compare to the national average?
The average salary in Memphis ($48,850) is slightly lower than the national average ($51,940).
What is the Cost of Living in Memphis, TN-MS-AR?
The Cost of Living Index in Memphis, TN-MS-AR is 100, which is the national average.
How concentrated are Bookkeeping, Accounting, and Auditing Clerk jobs in Memphis?
The concentration of these jobs, indicated by a Location Quotient of 1.11, is slightly higher than the national average, suggesting a strong local presence.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,490 employees in the Memphis, TN-MS-AR area with a job density of 10.469 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 Memphis, TN-MS-AR