In the Palm Bay-Melbourne-Titusville, FL area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $48,030. This figure is slightly below the national average of $51,940, suggesting localized economic factors and demand play a role in compensation within this Florida region. The specific pay rates are often influenced by the concentration of businesses and the overall economic landscape of the metropolitan area.
Executive Summary
- Average Salary: $48,030 per year.
- Growth Trend: Salaries have shifted 26.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,940.
- Outlook: The Palm Bay-Melbourne-Titusville, FL area supports a robust workforce of 2,390 individuals in Bookkeeping, Accounting, and Auditing Clerk roles. With a Location Quotient of 1.04, this sector is slightly more concentrated than the national average, indicating a stable and perhaps growing demand for these essential financial professionals within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Palm Bay-Melbourne-Titusville, FL earns-7.5%below the national average.
$23.1
$924
$4,003
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Bookkeeping, Accounting, and Auditing Clerks across the nation, including in areas like Palm Bay-Melbourne-Titusville, FL, have seen consistent growth over the past four years. This upward trend is driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a significant salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in earnings clearly signify the career trajectory and earning potential as professionals advance in their field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,870 | $15.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,023 | $17.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,710 | $21.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,038 | $28.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,940 | $30.7 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,030
Gross Pay
Real Wage (Purchasing Power)
$48,030
Adjusted for COL (100)
The average annual salary of $48,030 in Palm Bay-Melbourne-Titusville, FL aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making the area neither significantly more nor less affordable than the rest of the country for these professionals.
Job Market Context
2,390
Total Jobs
9.851
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Palm Bay-Melbourne-Titusville, FL has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
With a Location Quotient of 1.04, the Palm Bay-Melbourne-Titusville, FL market shows a slightly higher concentration of Bookkeeping, Accounting, and Auditing Clerk jobs compared to the national average. This suggests a healthy demand for these roles, indicating that the job market is competitive but offers ample opportunities for skilled professionals in the area.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Palm Bay-Melbourne-Titusville, FL is $48,030. This typically ranges from $31,870 for entry-level positions to $63,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 7.5% lower than the national median of $51,940.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately lucrative, with average pay aligning with the national cost of living.The average salary of $48,030 is slightly below the national average, but the Cost of Living Index of 100 means your earnings have average purchasing power locally.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($49,820) and Port St. Lucie, FL.
How does the local job market compare to the national average for this role?
The local market in Palm Bay-Melbourne-Titusville, FL has a Location Quotient of 1.04, indicating a slightly higher concentration of these jobs than the national average, suggesting robust local demand.
What is the total number of Bookkeeping, Accounting, and Auditing Clerk jobs in the area?
There are approximately 2,390 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in the Palm Bay-Melbourne-Titusville, FL metropolitan area.
How does experience impact salary for these clerks in Palm Bay-Melbourne-Titusville, FL?
Experience significantly increases earning potential, with senior clerks earning substantially more than entry-level positions, reflecting a clear career progression path.
Is the cost of living in Palm Bay-Melbourne-Titusville, FL higher or lower than the national average?
The cost of living in Palm Bay-Melbourne-Titusville, FL is exactly at the national average, with an index of 100.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,390 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 9.851 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 Palm Bay-Melbourne-Titusville, FL