Average Bookkeeping, Accounting, and Auditing Clerks Salary in Richmond, VA
In Richmond, VA, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $50,610. This figure is slightly below the national average of $51,940, a common occurrence in metropolitan areas where specific industry demands and local economic factors can influence compensation. The stability of this role within the Richmond workforce contributes to its consistent pay scale.
Executive Summary
- Average Salary: $50,610 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $66,080.
- Outlook: Richmond, VA, supports a substantial workforce of 6,420 individuals in Bookkeeping, Accounting, and Auditing Clerk roles. With a Location Quotient of 1.04, the concentration of these professionals in Richmond is slightly higher than the national average, indicating a robust and stable demand for their services within the local economy. This suggests a healthy job market with consistent opportunities for skilled clerks.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Richmond, VA earns-2.6%below the national average.
$24.3
$973
$4,218
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Richmond's bookkeeping sector isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic growth and inflation typically drive salary increases, and accounting roles, being fundamental to business operations, often see steady, albeit moderate, salary appreciation.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Richmond, VA
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Richmond, VA, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with specialized skills or supervisory responsibilities can command salaries in the upper percentiles, reflecting a clear path for career and financial growth within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,620 | $16.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,958 | $18.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,860 | $23.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,263 | $30.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $66,080 | $31.8 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,610
Gross Pay
Real Wage (Purchasing Power)
$50,610
Adjusted for COL (100)
The average annual salary of $50,610 in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a bookkeeping clerk's salary in Richmond is equivalent to the national average, offering a stable financial standing without significant pressure from unusually high or low living expenses.
Job Market Context
6,420
Total Jobs
9.836
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Richmond, VA has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
Richmond, VA, exhibits a Location Quotient of 1.04 for Bookkeeping, Accounting, and Auditing Clerks, signifying a slightly higher concentration of these professionals compared to the national average. This suggests a competitive yet stable job market where demand closely matches supply, providing ample opportunities for qualified individuals without an oversupply of candidates.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Richmond, VA
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Richmond, VA?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Richmond, VA is $50,610. This typically ranges from $33,620 for entry-level positions to $66,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 2.6% lower than the national median of $51,940.
Is Richmond, VA a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Richmond, VA offers a competitive salary for Bookkeeping, Accounting, and Auditing Clerks.The average salary of $50,610 is comparable to the national average, and the cost of living is also at the national average, indicating good purchasing power for these professionals.
Is Richmond, VA a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($45,120) and Northern West Virginia nonmetropolitan area.
How does Richmond's salary compare to the national average?
The average salary for Bookkeeping, Accounting, and Auditing Clerks in Richmond, VA is $50,610, which is slightly lower than the national average of $51,940.
What is the concentration of accounting clerks in Richmond?
Richmond, VA has a Location Quotient of 1.04 for these roles, indicating a slightly higher concentration than the national average, suggesting a healthy local demand.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, Richmond's cost of living is on par with the national average, meaning the $50,610 salary offers average purchasing power.
What is the total number of accounting clerks in Richmond?
There are approximately 6,420 Bookkeeping, Accounting, and Auditing Clerks employed in the Richmond, VA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,420 employees in the Richmond, VA area with a job density of 9.836 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 Richmond, VA