In the Norwich-New London-Willimantic, CT area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $56,700. This figure surpasses the national average of $51,940, indicating a slightly more favorable compensation landscape within this specific Connecticut region. Local economic factors and demand likely contribute to this elevated pay.
Executive Summary
- Average Salary: $56,700 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,780.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Norwich-New London-Willimantic, CT, shows a moderate level of concentration with a Location Quotient of 0.76, suggesting a presence that is slightly below the national average in terms of workforce density. With a local workforce of approximately 900 individuals in this role, the demand appears stable, though not exceptionally high compared to national benchmarks.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Norwich-New London-Willimantic, CT earns+9.2%above the national average.
$27.3
$1,090
$4,725
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for this role in Norwich-New London-Willimantic, CT is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks have experienced steady growth over the past four years, mirroring national trends. Inflationary pressures and increasing demand for financial record-keeping professionals typically drive incremental salary increases year over year.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Norwich-New London-Willimantic, CT
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with specialized skills and extensive experience can command salaries well into the upper percentiles, reflecting a substantial earning potential over a career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,230 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,525 | $20.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,910 | $26.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,875 | $34.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,780 | $37.4 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$56,700
Gross Pay
Real Wage (Purchasing Power)
$56,700
Adjusted for COL (100)
The average annual salary of $56,700 in Norwich-New London-Willimantic, CT, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of this salary is equivalent to the national average, suggesting that the higher nominal pay is balanced by the local cost of goods and services.
Job Market Context
900
Total Jobs
7.207
Per 1K Jobs
0.76
Location Quotient
Norwich-New London-Willimantic, CT has 0.76x 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 0.76, the Norwich-New London-Willimantic, CT market for Bookkeeping, Accounting, and Auditing Clerks is less concentrated than the national average. This suggests that while the profession is present, it may not be a primary industry hub, potentially leading to a less competitive job market for employers seeking talent, but also fewer opportunities compared to more concentrated areas.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Norwich-New London-Willimantic, CT
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Norwich-New London-Willimantic, CT?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Norwich-New London-Willimantic, CT is $56,700. This typically ranges from $40,230 for entry-level positions to $77,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Norwich-New London-Willimantic, CT is 9.2% higher than the national median of $51,940.
Is Norwich-New London-Willimantic, CT a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, it offers slightly above-average compensation.The average salary of $56,700 is higher than the national average, and the cost of living is on par with the national average, making it a financially stable location for these professionals.
Is Norwich-New London-Willimantic, CT a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Norwich-New London-Willimantic, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Norwich-New London-Willimantic, CT?
Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($58,150) and Connecticut nonmetropolitan area.
How does the local salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Norwich-New London-Willimantic, CT is $56,700, which is higher than the national average of $51,940.
What is the concentration of this job role in the area?
The Location Quotient for this role in Norwich-New London-Willimantic, CT is 0.76, indicating a lower concentration of these jobs compared to the national average.
How does the cost of living affect the salary?
The cost of living index is 100, meaning it is the same as the national average. Therefore, the $56,700 salary has the same purchasing power as the national average salary.
What is the total workforce size for this occupation locally?
There are approximately 900 Bookkeeping, Accounting, and Auditing Clerks employed in the Norwich-New London-Willimantic, CT area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Norwich-New London-Willimantic, CT area with a job density of 7.207 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 Norwich-New London-Willimantic, CT