Bookkeeping, Accounting, and Auditing Clerks in the Northwest Illinois nonmetropolitan area earn an average annual salary of $46,860. This figure is slightly below the national average of $51,940, reflecting the unique economic dynamics and potentially lower cost of doing business prevalent in nonmetropolitan regions. Localized demand and the specific industry mix within this area contribute to this pay differential.
Executive Summary
- Average Salary: $46,860 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,370.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Northwest Illinois appears stable, with a total local workforce of 1,310 professionals. The concentration, indicated by a Location Quotient of 1.08, suggests a presence that is slightly above the national average, implying a steady, if not growing, demand for these essential financial roles within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Northwest Illinois nonmetropolitan area earns-9.8%below the national average.
$22.5
$901
$3,905
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the Northwest Illinois nonmetropolitan area 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 need to retain skilled professionals in a competitive labor market.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Northwest Illinois nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a salary increase with accumulated experience. Entry-level positions will naturally command lower salaries, while senior clerks with extensive knowledge and responsibility can expect to earn significantly more. The percentile gaps in salary distribution within this region would signify the earning potential as professionals advance from junior to more experienced or specialized roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,410 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,145 | $16.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,210 | $21.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,575 | $28.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $62,370 | $30 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$46,860
Gross Pay
Real Wage (Purchasing Power)
$46,860
Adjusted for COL (100)
The average annual salary of $46,860 in Northwest Illinois nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that the nominal salary effectively supports a standard of living comparable to the rest of the country, despite being below the national average wage.
Job Market Context
1,310
Total Jobs
10.172
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Northwest Illinois nonmetropolitan area has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
With a Location Quotient of 1.08, the Northwest Illinois nonmetropolitan area exhibits a slightly higher concentration of Bookkeeping, Accounting, and Auditing Clerks compared to the national average. This indicates a moderately robust job market for these professionals, suggesting that opportunities are readily available and the demand is at least on par with, if not slightly exceeding, national levels relative to the general workforce.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $47,700↑ 2% | 9 mi |
| Decatur, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,670↑ 6% | 34 mi |
| Champaign-Urbana, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,240↑ 5% | 41 mi |
| Peoria, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $48,690↑ 4% | 43 mi |
| Springfield, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,990↑ 7% | 53 mi |
Comparing salaries near Northwest Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Northwest Illinois nonmetropolitan area is $46,860. This typically ranges from $32,410 for entry-level positions to $62,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 9.8% lower than the national median of $51,940.
Is Northwest Illinois nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately lucrative, with strong cost-of-living alignment.While the average salary is slightly below the national average, the cost of living is also at the national average, making the nominal wage hold its value. The slightly above-average concentration of these roles suggests a stable job market.
Is Northwest Illinois nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($47,700) and Decatur, IL.
How does the local salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Northwest Illinois nonmetropolitan area is $46,860, which is approximately 9.8% lower than the national average of $51,940.
What is the job concentration for these roles in this area?
The job concentration, measured by the Location Quotient, is 1.08, indicating that these roles are slightly more prevalent in Northwest Illinois nonmetropolitan area than the national average.
How does the cost of living impact the salary?
The Cost of Living Index is 100, matching the national average. This means the $46,860 salary has the same purchasing power locally as the national average salary does nationally.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in the area?
There are approximately 1,310 Bookkeeping, Accounting, and Auditing Clerks employed in the Northwest Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,310 employees in the Northwest Illinois nonmetropolitan area area with a job density of 10.172 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 Northwest Illinois nonmetropolitan area