Average Bookkeeping, Accounting, and Auditing Clerks Salary in Minnesota
Bookkeeping, Accounting, and Auditing Clerks in Minnesota earn an average annual salary of $54,190, surpassing the national average of $51,940. This higher compensation is often influenced by the state's economic landscape and the specific demand for these essential financial roles within its industries.
Executive Summary
- Average Salary: $54,190 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $72,760.
- Outlook: With a substantial local workforce of 27,520 individuals in this field, Minnesota demonstrates a significant presence for Bookkeeping, Accounting, and Auditing Clerks. The Location Quotient of 1 indicates that the concentration of these jobs in Minnesota is on par with the national average, suggesting a stable and consistent demand for these professionals within the state's economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Minnesota earns+4.3%above the national average.
$26.1
$1,042
$4,516
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Minnesota's Bookkeeping, Accounting, and Auditing Clerks is not provided, it is generally assumed that salaries in this sector have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Minnesota
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Minnesota typically sees a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting a clear path for career and financial advancement within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,920 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,643 | $19.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,350 | $25.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,738 | $32.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $72,760 | $35 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$54,190
Gross Pay
Real Wage (Purchasing Power)
$57,405
Adjusted for COL (94.4)
The average annual salary of $54,190 in Minnesota presents a favorable financial standing when considering the local Cost of Living Index of 94.4. This index is below the national average of 100, meaning that the purchasing power of the salary is likely higher in Minnesota compared to the national average, allowing for a comfortable lifestyle.
Job Market Context
27,520
Total Jobs
9.423
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Minnesota has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A Location Quotient of 1 for Bookkeeping, Accounting, and Auditing Clerks in Minnesota signifies that the proportion of these jobs within the state is precisely aligned with the national average. This suggests a balanced job market where demand and supply are relatively stable, indicating neither an overabundance nor a significant shortage of these professionals.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Bookkeeping, Accounting, and Auditing Clerks Salary | $52,630↓ 3% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Bookkeeping, Accounting, and Auditing Clerks Salary | $55,920↑ 3% | 58 mi |
Comparing salaries near Minnesota
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Minnesota?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Minnesota is $54,190. This typically ranges from $36,920 for entry-level positions to $72,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minnesota is 4.3% higher than the national median of $51,940.
Is Minnesota a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Minnesota offers a lucrative environment for these professionals.The average salary of $54,190 exceeds the national average, and the cost of living is below the national average, enhancing purchasing power.
Is Minnesota a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Minnesota?
Some top paying nearby cities include St. Cloud, MN ($52,630) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does Minnesota's average salary compare to the national average for this role?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Minnesota is $54,190, which is higher than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Minnesota?
The Location Quotient for this role in Minnesota is 1, indicating that the concentration of these jobs is the same as the national average.
How does the cost of living in Minnesota affect the salary for these clerks?
With a Cost of Living Index of 94.4, Minnesota is more affordable than the national average, meaning the $54,190 salary offers greater purchasing power.
What is the total workforce size for Bookkeeping, Accounting, and Auditing Clerks in Minnesota?
There are approximately 27,520 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in Minnesota.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 27,520 employees in the Minnesota area with a job density of 9.423 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 Minnesota