In the Minneapolis-St. Paul-Bloomington metropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $55,920. This figure is notably higher than the national average of $51,940, suggesting that the local economic landscape and demand for these financial professionals contribute to a more competitive compensation structure. The robust business environment in the Twin Cities likely drives this upward adjustment in pay.
Executive Summary
- Average Salary: $55,920 per year.
- Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,060.
- Outlook: The Minneapolis-St. Paul-Bloomington area supports a substantial workforce of 16,930 individuals in bookkeeping, accounting, and auditing roles. With a Location Quotient of 0.93, the concentration of these jobs is nearly on par with the national average, indicating a stable and well-established market. The presence of nearly 9 out of every 1,000 workers in these positions underscores a consistent demand for skilled financial clerks within the region's diverse economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Minneapolis-St. Paul-Bloomington, MN-WI earns+7.7%above the national average.
$26.9
$1,075
$4,660
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 the Minneapolis-St. Paul-Bloomington area have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for financial services typically drive salary increases in professional roles, suggesting a positive trajectory for compensation in this field.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Minneapolis-St. Paul-Bloomington typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and years of service can command salaries in the higher percentiles. These percentile gaps highlight the tangible rewards of accumulating experience and advancing within the accounting and bookkeeping profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,190 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,940 | $20.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,910 | $26.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,900 | $33.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,060 | $35.6 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$55,920
Gross Pay
Real Wage (Purchasing Power)
$55,920
Adjusted for COL (100)
The average annual salary of $55,920 in Minneapolis-St. Paul-Bloomington aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, indicating that the higher wages are balanced by the cost of living, making it a financially stable location for these professionals.
Job Market Context
16,930
Total Jobs
8.767
Per 1K Jobs
0.93
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.93x 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.
With a Location Quotient of 0.93, the job market for Bookkeeping, Accounting, and Auditing Clerks in Minneapolis-St. Paul-Bloomington is very close to the national average in terms of concentration. This suggests a healthy and competitive market where opportunities are readily available, but perhaps not overwhelmingly abundant compared to the national distribution. Professionals can expect a stable job environment with consistent demand.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Minneapolis-St. Paul-Bloomington, MN-WI is $55,920. This typically ranges from $38,190 for entry-level positions to $74,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 7.7% higher than the national median of $51,940.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, it offers competitive compensation.The average salary of $55,920 is above the national average, and the cost of living is on par with the national average, indicating good purchasing power for these professionals.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($50,580) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Minneapolis-St. Paul-Bloomington is $55,920, which is higher than the national average of $51,940.
What is the Cost of Living in Minneapolis-St. Paul-Bloomington for these roles?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated are bookkeeping and accounting jobs in Minneapolis-St. Paul-Bloomington?
The Location Quotient of 0.93 indicates that the concentration of these jobs in Minneapolis-St. Paul-Bloomington is slightly below the national average, suggesting a stable but not overly saturated market.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in the Minneapolis-St. Paul-Bloomington area?
There are approximately 16,930 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in the Minneapolis-St. Paul-Bloomington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,930 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 8.767 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 Minneapolis-St. Paul-Bloomington, MN-WI