Average Bookkeeping, Accounting, and Auditing Clerks Salary in Monroe, MI
In Monroe, MI, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $48,430. This figure is slightly below the national average of $51,940, reflecting localized economic conditions and demand within the region. Factors such as the cost of doing business and the specific needs of local industries often influence salary benchmarks.
Executive Summary
- Average Salary: $48,430 per year.
- Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,100.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Monroe, MI, appears stable with a total local workforce of 310 individuals in this role. The Location Quotient of 0.82 suggests a concentration slightly below the national average, indicating a moderate but not oversaturated demand for these essential financial professionals within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Monroe, MI earns-6.8%below the national average.
$23.3
$931
$4,036
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Monroe, MI is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks 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 accounting regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Monroe, MI
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Monroe, MI, is typically marked by increasing salary potential. Entry-level positions may start closer to the lower end of the pay scale, while experienced professionals with specialized skills or supervisory responsibilities can command significantly higher salaries, reflecting the value of their accumulated expertise and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,810 | $16.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,323 | $17.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,220 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,538 | $29.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,100 | $30.3 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,430
Gross Pay
Real Wage (Purchasing Power)
$48,430
Adjusted for COL (100)
The average annual salary of $48,430 in Monroe, MI, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Bookkeeping, Accounting, and Auditing Clerk's salary in Monroe is comparable to the national average, suggesting that the nominal salary offers a similar standard of living as elsewhere in the country.
Job Market Context
310
Total Jobs
7.709
Per 1K Jobs
0.82
Location Quotient
Monroe, MI has 0.82x 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 0.82, Monroe, MI, has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerks compared to the national average. This suggests that while the profession is present and necessary, the market may not be as saturated as in other regions, potentially offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Toledo, OH Bookkeeping, Accounting, and Auditing Clerks Salary | $49,460↑ 2% | 20 mi |
| Ann Arbor, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $51,330↑ 6% | 31 mi |
| Detroit-Warren-Dearborn, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $52,810↑ 9% | 34 mi |
| Sandusky, OH Bookkeeping, Accounting, and Auditing Clerks Salary | $47,220↓ 2% | 48 mi |
| Jackson, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,470↓ 2% | 57 mi |
Comparing salaries near Monroe, MI
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Monroe, MI?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Monroe, MI is $48,430. This typically ranges from $34,810 for entry-level positions to $63,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, MI is 6.8% lower than the national median of $51,940.
Is Monroe, MI a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not significantly more lucrative than the national average.The average salary of $48,430 is below the national average, and the cost of living is exactly at the national average. This indicates that while the role is present, it does not offer a substantial financial advantage over other locations.
Is Monroe, MI a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Monroe, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, MI?
Some top paying nearby cities include Toledo, OH ($49,460) and Ann Arbor, MI.
How does Monroe, MI compare to the national average salary for this role?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Monroe, MI, is $48,430, which is approximately $3,510 less than the national average of $51,940.
What is the concentration of these jobs in Monroe, MI?
Monroe, MI has a Location Quotient of 0.82 for Bookkeeping, Accounting, and Auditing Clerks, indicating a slightly lower concentration of these roles compared to the national average.
How does the cost of living in Monroe, MI affect the salary?
The Cost of Living Index in Monroe, MI, is 100, which is the national average. This means that the $48,430 salary has purchasing power equivalent to the national average.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Monroe, MI?
There are approximately 310 Bookkeeping, Accounting, and Auditing Clerks employed in Monroe, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Monroe, MI area with a job density of 7.709 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 Monroe, MI