Average Bookkeeping, Accounting, and Auditing Clerks Salary in Minot, ND
In Minot, North Dakota, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $50,210. This figure is slightly below the national average of $51,940, suggesting localized economic factors and demand play a role in compensation within this specific North Dakota market. The total local workforce for this role stands at 270 individuals.
Executive Summary
- Average Salary: $50,210 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,190.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Minot, ND, appears stable with a local workforce of 270. The Location Quotient of 0.87 indicates a concentration slightly below the national average, suggesting a steady but not overwhelmingly saturated demand for these professionals within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Minot, ND earns-3.3%below the national average.
$24.1
$966
$4,184
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Minot is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks have seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for financial services, and the evolving complexity of accounting regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Minot, ND
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Minot, ND, is marked by increasing salary potential. Entry-level positions typically 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, reflecting the value of their expertise and years of service.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,970 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,658 | $18.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,410 | $23.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,763 | $30.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,190 | $30.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,210
Gross Pay
Real Wage (Purchasing Power)
$50,210
Adjusted for COL (100)
With an average annual salary of $50,210 and a Cost of Living Index of 100, the nominal income in Minot, ND, aligns precisely with the national average cost of living. This means that the purchasing power of a Minot-based salary for these clerks is equivalent to the national average, offering a balanced financial landscape for residents.
Job Market Context
270
Total Jobs
8.178
Per 1K Jobs
0.87
Location Quotient
Minot, ND has 0.87x 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.
The Location Quotient of 0.87 for Bookkeeping, Accounting, and Auditing Clerks in Minot, ND, signifies that the concentration of these jobs is slightly lower than the national average. This suggests that while the profession is present and necessary, the market is not oversaturated, potentially offering a reasonable level of job availability without intense competition.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| West North Dakota nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary | $52,100↑ 4% | 85 mi |
| East North Dakota nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary | $48,840↓ 3% | 85 mi |
Comparing salaries near Minot, ND
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Minot, ND?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Minot, ND is $50,210. This typically ranges from $35,970 for entry-level positions to $64,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minot, ND is 3.3% lower than the national median of $51,940.
Is Minot, ND a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not significantly more lucrative than the national average.The average salary of $50,210 is slightly below the national average, and the cost of living is exactly at the national average, indicating comparable financial standing.
Is Minot, ND a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Minot, ND is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minot, ND?
Some top paying nearby cities include West North Dakota nonmetropolitan area ($52,100) and East North Dakota nonmetropolitan area.
How does Minot's salary for these clerks compare to the national average?
The average annual salary in Minot, ND, is $50,210, which is slightly lower than the national average of $51,940.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Minot?
Minot has a Location Quotient of 0.87 for these roles, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Minot affect the salary?
Minot's Cost of Living Index is 100, which is the national average. Therefore, the $50,210 salary has the same purchasing power as the national average salary.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Minot?
There are approximately 270 Bookkeeping, Accounting, and Auditing Clerks employed in Minot, ND.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Minot, ND area with a job density of 8.178 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 Minot, ND