Average Bookkeeping, Accounting, and Auditing Clerks Salary in Peoria, IL
In Peoria, IL, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $48,690. This figure is slightly below the national average of $51,940, a common occurrence in many regional economies where local market dynamics and cost of doing business can influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $48,690 per year.
- Growth Trend: Salaries have shifted 23.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,030.
- Outlook: Peoria hosts a stable workforce of 1,540 individuals in bookkeeping, accounting, and auditing clerk roles. With a Location Quotient of 0.98, the concentration of these professionals is nearly on par with the national average, indicating a consistent and established demand for these services within the local economic landscape.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Peoria, IL earns-6.3%below the national average.
$23.4
$936
$4,058
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Peoria is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the region have experienced gradual growth over the past four years, mirroring national trends of increasing wages driven by inflation, evolving skill requirements, and sustained demand for financial record-keeping expertise.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Peoria, IL
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Peoria typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while senior clerks with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting a clear pathway for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,920 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,518 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,920 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,863 | $29.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,030 | $30.3 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$48,690
Gross Pay
Real Wage (Purchasing Power)
$48,690
Adjusted for COL (100)
The nominal average salary of $48,690 in Peoria aligns perfectly with the national average Cost of Living Index of 100. This suggests that the purchasing power of an accountant's salary in Peoria is comparable to the national average, meaning that while the salary is slightly lower than the national average, the cost of living offsets this difference, providing a balanced financial standing for residents.
Job Market Context
1,540
Total Jobs
9.3
Per 1K Jobs
0.98
Location Quotient
Peoria, IL has 0.98x 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.
A Location Quotient of 0.98 indicates that Peoria has a job market for Bookkeeping, Accounting, and Auditing Clerks that is very closely aligned with the national average in terms of concentration. This suggests a balanced market where the availability of talent and job opportunities are relatively stable, without significant oversupply or undersupply of professionals.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Peoria, IL?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Peoria, IL is $48,690. This typically ranges from $33,920 for entry-level positions to $63,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 6.3% lower than the national median of $51,940.
Is Peoria, IL a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately lucrative.The average salary of $48,690 is slightly below the national average, but the cost of living is also at the national average, creating a balanced financial environment.
Is Peoria, IL a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($47,700) and West Central Illinois nonmetropolitan area.
How does Peoria's salary for this role compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Peoria, IL is $48,690, which is approximately 6.2% lower than the national average of $51,940.
What is the concentration of these jobs in Peoria compared to the rest of the US?
Peoria's concentration of Bookkeeping, Accounting, and Auditing Clerk roles is very close to the national average, with a Location Quotient of 0.98, indicating a similar level of industry presence.
How does the cost of living in Peoria affect the salary?
With a Cost of Living Index of 100, Peoria's cost of living is exactly at the national average. This means the $48,690 salary offers purchasing power equivalent to the national average salary in a higher cost-of-living area.
What does the job market look like for these roles in Peoria?
The job market is stable, with 9.3 jobs per 1,000 workers and a total local workforce of 1,540, suggesting consistent demand for these financial professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,540 employees in the Peoria, IL area with a job density of 9.3 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 Peoria, IL