Average Bookkeeping, Accounting, and Auditing Clerks Salary in Rapid City, SD
In Rapid City, SD, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $44,870. This figure is notably below the national average of $51,940, suggesting that local economic factors and demand dynamics play a significant role in compensation within this sector. The specific economic landscape and industry concentration in Rapid City contribute to this pay differential.
Executive Summary
- Average Salary: $44,870 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,840.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Rapid City, SD, appears robust, with a total local workforce of 1,670 professionals. The high Location Quotient of 2.47 indicates a significant concentration of these roles relative to the national average, suggesting a strong and established presence of this profession within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Rapid City, SD earns-13.6%below the national average.
$21.6
$863
$3,739
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks have experienced steady growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is typical for roles requiring specialized financial skills, reflecting increasing demand and the need for competitive compensation to attract and retain talent.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Rapid City, SD
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Rapid City, SD, is typically marked by increasing salary levels with experience. Entry-level positions will naturally command lower salaries, while senior roles, requiring more expertise and responsibility, will see significant increases. The percentile gaps in salary distribution clearly signify opportunities for career advancement and higher earning potential as professionals gain experience and develop specialized skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,000 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,653 | $16.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,090 | $21.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,088 | $27 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,840 | $27.3 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$44,870
Gross Pay
Real Wage (Purchasing Power)
$44,870
Adjusted for COL (100)
The nominal average annual salary of $44,870 in Rapid City, SD, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the salary is comparable to the national average, indicating that while the salary is lower than the national average for this role, the cost of living does not exacerbate the difference, offering a balanced financial standing for residents.
Job Market Context
1,670
Total Jobs
23.281
Per 1K Jobs
2.47
Location Quotient
Rapid City, SD has 2.5x the national concentration of Bookkeeping, Accounting, and Auditing Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Rapid City, SD, exhibits a highly concentrated market for Bookkeeping, Accounting, and Auditing Clerks, as evidenced by a Location Quotient of 2.47. This significantly above-average concentration suggests that the demand for these professionals is disproportionately high in Rapid City compared to the rest of the nation, potentially leading to greater job security and specialized career opportunities within the local area.
Nearby Job Markets
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Rapid City, SD?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Rapid City, SD is $44,870. This typically ranges from $34,000 for entry-level positions to $56,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rapid City, SD is 13.6% lower than the national median of $51,940.
Is Rapid City, SD a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, but the cost of living is balanced.While the average salary of $44,870 is below the national average, the Cost of Living Index of 100 means that the purchasing power of this salary is equivalent to the national average, offering a stable financial environment.
Is Rapid City, SD a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Rapid City, SD is 100. While higher than average, this often correlates with higher wages.
How does the number of jobs per 1,000 workers compare nationally?
With 23.281 jobs per 1,000 workers, Rapid City, SD, has a higher concentration of Bookkeeping, Accounting, and Auditing Clerk positions than the national average, indicating strong local demand.
What is the significance of the Location Quotient (LQ) for this role in Rapid City?
A Location Quotient of 2.47 signifies that Bookkeeping, Accounting, and Auditing Clerk roles are more than twice as concentrated in Rapid City, SD, compared to the national average, highlighting a specialized industry presence.
How does the total workforce size impact the job market?
A local workforce of 1,670 for these roles suggests a substantial and established professional community in Rapid City, SD, indicating a mature market with potential for both competition and collaboration.
Does Rapid City offer competitive salaries for accounting clerks compared to national benchmarks?
The average salary of $44,870 in Rapid City is lower than the national average of $51,940 for Bookkeeping, Accounting, and Auditing Clerks, suggesting that while the cost of living is average, nominal compensation is less competitive.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,670 employees in the Rapid City, SD area with a job density of 23.281 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 Rapid City, SD