Average Bookkeeping, Accounting, and Auditing Clerks Salary in New Mexico
Bookkeeping, Accounting, and Auditing Clerks in New Mexico earn an average annual salary of $48,300. This figure is slightly below the national average of $51,940, reflecting regional economic factors and the specific demand within the state's job market. The unique economic landscape of New Mexico influences compensation for these essential financial roles.
Executive Summary
- Average Salary: $48,300 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,720.
- Outlook: With a local workforce of 8,720 professionals in this field, New Mexico demonstrates a stable presence for Bookkeeping, Accounting, and Auditing Clerks. The Location Quotient of 1.07 indicates a slightly higher concentration of these roles compared to the national average, suggesting a robust and perhaps growing demand within the state.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in New Mexico earns-7.0%below the national average.
$23.2
$929
$4,025
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in New Mexico 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 New Mexico
Career progression for Bookkeeping, Accounting, and Auditing Clerks in New Mexico typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with specialized skills and years of experience can command salaries well above the average, with percentile gaps clearly signifying this career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,110 | $15.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,225 | $17.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,610 | $22.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,375 | $29 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,720 | $31.1 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,300
Gross Pay
Real Wage (Purchasing Power)
$53,906
Adjusted for COL (89.6)
The average annual salary of $48,300 in New Mexico presents a favorable financial situation when considering the local Cost of Living Index of 89.6. This index is below the national average (100), meaning that the purchasing power of the New Mexico salary is likely higher than the nominal figure suggests, offering a good standard of living.
Job Market Context
8,720
Total Jobs
10.126
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, New Mexico has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A Location Quotient of 1.07 for Bookkeeping, Accounting, and Auditing Clerks in New Mexico signifies a job market that is slightly more concentrated than the national average. This suggests that the demand for these professionals is relatively strong within the state, potentially offering more opportunities and a competitive environment for skilled individuals.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Bookkeeping, Accounting, and Auditing Clerks Salary | $48,900↑ 1% | 29 mi |
| Santa Fe, NM Bookkeeping, Accounting, and Auditing Clerks Salary | $52,530↑ 9% | 59 mi |
Comparing salaries near New Mexico
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in New Mexico?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in New Mexico is $48,300. This typically ranges from $33,110 for entry-level positions to $64,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Mexico is 7.0% lower than the national median of $51,940.
Is New Mexico a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, with a favorable cost of living.While the average salary is slightly below the national average, New Mexico's lower cost of living index means your earnings can go further. The slightly higher concentration of these roles also suggests a healthy job market.
Is New Mexico a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
With a Cost of Living Index of 89.6 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near New Mexico?
Some top paying nearby cities include Albuquerque, NM ($48,900) and Santa Fe, NM.
How does New Mexico's average salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in New Mexico is $48,300, which is slightly lower than the national average of $51,940.
What is the job market like for these clerks in New Mexico?
New Mexico has a robust job market for these professionals, with 8,720 individuals employed and a Location Quotient of 1.07, indicating a slightly higher concentration of these roles than the national average.
Does the cost of living affect the value of the salary in New Mexico?
Yes, the cost of living in New Mexico is 4.4% lower than the national average (index of 89.6 vs. 100), meaning the $48,300 salary offers a higher purchasing power locally.
How much does experience impact salary for these roles in New Mexico?
Experience significantly impacts salary, with entry-level positions earning less and senior clerks with specialized skills and tenure earning considerably more than the average, reflecting clear career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,720 employees in the New Mexico area with a job density of 10.126 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 New Mexico