Average Bookkeeping, Accounting, and Auditing Clerks Salary in Rhode Island
Bookkeeping, Accounting, and Auditing Clerks in Rhode Island earn an average annual salary of $55,020, surpassing the national average of $51,940. This higher compensation is influenced by Rhode Island's distinct economic landscape and cost of living, which necessitates a competitive wage to attract and retain skilled professionals in these vital financial roles.
Executive Summary
- Average Salary: $55,020 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,800.
- Outlook: With a local workforce of 4,470 individuals in this field and a Location Quotient of 0.96, Rhode Island demonstrates a robust and stable job market for Bookkeeping, Accounting, and Auditing Clerks. The concentration is nearly on par with the national average, indicating a consistent demand that aligns with the overall economic activity within the state.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Rhode Island earns+5.9%above the national average.
$26.5
$1,058
$4,585
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 Rhode Island have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is driven by inflation, increasing demand for financial expertise, and the continuous need for accurate financial record-keeping across various industries.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Rhode Island
Salary progression for Bookkeeping, Accounting, and Auditing Clerks in Rhode Island typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior roles and those with specialized skills can command salaries significantly higher than the average. The widening gap between entry-level and senior positions reflects the career advancement opportunities and increased responsibilities associated with more experienced professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,140 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,265 | $19.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $53,730 | $25.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,775 | $33.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,800 | $36 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$55,020
Gross Pay
Real Wage (Purchasing Power)
$49,125
Adjusted for COL (112)
The average annual salary of $55,020 in Rhode Island presents a moderate financial standing when considering the state's Cost of Living Index of 112. This means that while the nominal salary is higher than the national average, the cost of goods and services is also approximately 12% above the national average, requiring careful budgeting for residents.
Job Market Context
4,470
Total Jobs
9.052
Per 1K Jobs
0.96
Location Quotient
Rhode Island has 0.96x 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.
Rhode Island's Location Quotient of 0.96 suggests that the concentration of Bookkeeping, Accounting, and Auditing Clerk jobs is very close to the national average. This indicates a balanced job market where demand is present but not overwhelmingly concentrated, implying a competitive yet accessible environment for both employers seeking talent and professionals seeking employment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Rhode Island
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Rhode Island?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Rhode Island is $55,020. This typically ranges from $37,140 for entry-level positions to $74,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rhode Island is 5.9% higher than the national median of $51,940.
Is Rhode Island a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, with a caveat.Rhode Island offers an average salary slightly above the national average, but the higher cost of living means the purchasing power is comparable. The market is stable, indicating consistent opportunities.
Is Rhode Island a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Rhode Island is 112. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rhode Island?
Some top paying nearby cities include Providence-Warwick, RI-MA ($54,500) and Norwich-New London-Willimantic, CT.
What is the average salary for Bookkeeping, Accounting, and Auditing Clerks in Rhode Island?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Rhode Island is $55,020.
How does Rhode Island's salary compare to the national average?
The average salary in Rhode Island ($55,020) is higher than the national average ($51,940) for this profession.
What is the cost of living in Rhode Island compared to the national average?
Rhode Island has a Cost of Living Index of 112, which is 12% higher than the national average (100).
How concentrated are Bookkeeping, Accounting, and Auditing Clerk jobs in Rhode Island?
The job concentration, measured by the Location Quotient, is 0.96, indicating a level of concentration very close to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,470 employees in the Rhode Island area with a job density of 9.052 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 Rhode Island