In the Northwest Minnesota nonmetropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $50,580. This figure is slightly below the national average of $51,940, a common occurrence in nonmetropolitan regions where the cost of living and local economic drivers can influence compensation levels. The specific economic landscape and demand within this region shape the earning potential for these vital financial roles.
Executive Summary
- Average Salary: $50,580 per year.
- Growth Trend: Salaries have shifted 30.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $67,480.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Northwest Minnesota appears stable, with a local workforce of 2,050 individuals. The location quotient of 1.13 suggests a slightly higher concentration of these roles compared to the national average, indicating a consistent, albeit not overwhelmingly high, demand within the region's economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Northwest Minnesota nonmetropolitan area earns-2.6%below the national average.
$24.3
$973
$4,215
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 Northwest Minnesota 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 Minnesota nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Northwest Minnesota typically involves a salary increase with experience. Entry-level positions will naturally command lower salaries, while senior clerks with specialized skills and extensive experience can expect to earn significantly more, potentially reaching higher percentiles of the salary distribution. These percentile gaps clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,360 | $17 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,935 | $18.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,190 | $23.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,225 | $30.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $67,480 | $32.4 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,580
Gross Pay
Real Wage (Purchasing Power)
$50,580
Adjusted for COL (100)
The nominal average annual salary of $50,580 in Northwest Minnesota aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the salary in this region is comparable to the national average, suggesting that the cost of goods and services is neither a significant advantage nor a disadvantage when considering the overall financial well-being of a clerk in this area.
Job Market Context
2,050
Total Jobs
10.687
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Northwest Minnesota 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 1.13, Northwest Minnesota exhibits a slightly higher concentration of Bookkeeping, Accounting, and Auditing Clerk positions than the national average. This indicates a moderately competitive job market where employers may need to offer competitive compensation to attract and retain talent, while also suggesting that opportunities are relatively abundant for qualified individuals in the region.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Bookkeeping, Accounting, and Auditing Clerks Salary | $52,630↑ 4% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Bookkeeping, Accounting, and Auditing Clerks Salary | $55,920↑ 11% | 58 mi |
Comparing salaries near Northwest Minnesota nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Northwest Minnesota nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Northwest Minnesota nonmetropolitan area is $50,580. This typically ranges from $35,360 for entry-level positions to $67,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Minnesota nonmetropolitan area is 2.6% lower than the national median of $51,940.
Is Northwest Minnesota nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately so, with a salary on par with the national cost of living.The average salary of $50,580 is slightly below the national average but aligns with the national cost of living index. The location quotient suggests a stable, slightly above-average concentration of these roles.
Is Northwest Minnesota nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Northwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($52,630) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the average salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Northwest Minnesota is $50,580, which is slightly lower than the national average of $51,940.
What is the concentration of these jobs in Northwest Minnesota?
The location quotient is 1.13, indicating a slightly higher concentration of Bookkeeping, Accounting, and Auditing Clerk roles in Northwest Minnesota compared to the national average.
How does the cost of living affect the salary?
The cost of living index is 100, which is the national average. This means the $50,580 salary has purchasing power equivalent to the national average.
What is the total number of these clerks in the region?
There are approximately 2,050 Bookkeeping, Accounting, and Auditing Clerks employed in the Northwest Minnesota 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 2,050 employees in the Northwest Minnesota nonmetropolitan area area with a job density of 10.687 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 Minnesota nonmetropolitan area