Average Bookkeeping, Accounting, and Auditing Clerks Salary in Montgomery, AL
In Montgomery, AL, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $42,660. This figure is notably below the national average of $51,940, reflecting regional economic factors and local demand dynamics. While the nominal salary may seem lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $42,660 per year.
- Growth Trend: Salaries have shifted 15.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,920.
- Outlook: The local market for Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL, is stable, with a total workforce of 1,470 individuals in this role. The Location Quotient of 0.96 suggests a concentration of these professionals that is nearly on par with the national average, indicating a consistent, albeit not exceptionally high, demand for their services within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL earns-17.9%below the national average.
$20.5
$820
$3,555
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Montgomery is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the region have experienced gradual growth over the past four years, mirroring national trends. This growth 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 Montgomery, AL
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL, significantly impacts earning potential. Entry-level positions typically start at the lower end of the pay scale, while experienced professionals with specialized skills or supervisory responsibilities can command higher salaries. The percentile gaps between entry-level and senior roles signify clear opportunities for career advancement and increased compensation within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,060 | $13.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,995 | $15.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $41,600 | $20 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $53,325 | $25.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,920 | $27.8 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$42,660
Gross Pay
Real Wage (Purchasing Power)
$42,660
Adjusted for COL (100)
The average annual salary of $42,660 for Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary has the same purchasing power as the national average salary in a national average cost of living area, suggesting that the take-home pay is effectively comparable to the national median when adjusted for local expenses.
Job Market Context
1,470
Total Jobs
9.02
Per 1K Jobs
0.96
Location Quotient
Montgomery, AL has 0.96x 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 0.96, the job market for Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL, is neither exceptionally concentrated nor significantly sparse compared to the national landscape. This indicates a balanced supply and demand for these roles, suggesting a competitive but accessible market for both job seekers and employers.
Nearby Job Markets
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Comparing salaries near Montgomery, AL
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Montgomery, AL?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL is $42,660. This typically ranges from $28,060 for entry-level positions to $57,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 17.9% lower than the national median of $51,940.
Is Montgomery, AL a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $42,660 is below the national average of $51,940, indicating less financial upside in this specific role.
Is Montgomery, AL a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($39,500) and Southeast Alabama nonmetropolitan area.
How does the cost of living in Montgomery, AL affect the salary?
The Cost of Living Index in Montgomery, AL is 100, meaning it is exactly average nationally. Therefore, the $42,660 salary has the same purchasing power as it would in a typical US city.
What is the concentration of Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL?
The Location Quotient of 0.96 indicates that the concentration of these professionals in Montgomery is very close to the national average, suggesting a stable presence in the local workforce.
How many Bookkeeping, Accounting, and Auditing Clerk jobs are there per 1,000 workers in Montgomery, AL?
There are approximately 9.02 jobs per 1,000 workers for Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL, reflecting the local employment landscape for this profession.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Montgomery, AL?
Montgomery, AL employs a total of 1,470 individuals in the role of Bookkeeping, Accounting, and Auditing Clerks.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,470 employees in the Montgomery, AL area with a job density of 9.02 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 Montgomery, AL