Average Bookkeeping, Accounting, and Auditing Clerks Salary in Rochester, MN
Bookkeeping, Accounting, and Auditing Clerks in Rochester, MN, earn an impressive average annual salary of $56,830, surpassing the national average of $51,940. This elevated pay is often influenced by the specific economic drivers and industry demands within the Rochester area, which can necessitate higher compensation to attract and retain skilled professionals in these critical financial roles.
Executive Summary
- Average Salary: $56,830 per year.
- Growth Trend: Salaries have shifted 30.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,330.
- Outlook: With a local workforce of 850 individuals in this sector and a Location Quotient of 0.74, Rochester, MN, presents a moderately concentrated but stable job market for Bookkeeping, Accounting, and Auditing Clerks. While not exceeding the national concentration, the presence of nearly 7 jobs per 1,000 workers indicates consistent demand and a healthy employment landscape for these professionals.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Rochester, MN earns+9.4%above the national average.
$27.3
$1,093
$4,736
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Rochester, MN is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks have experienced a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations, leading to higher average compensation across the board.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Rochester, MN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Rochester, MN, is clearly reflected in salary potential. Entry-level positions typically start at the lower end of the pay scale, while experienced professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in earnings signify substantial opportunities for advancement and increased earning capacity as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,370 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,623 | $20.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $56,210 | $27 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $71,038 | $34.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,330 | $37.2 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$56,830
Gross Pay
Real Wage (Purchasing Power)
$56,830
Adjusted for COL (100)
The average annual salary of $56,830 in Rochester, MN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by Bookkeeping, Accounting, and Auditing Clerks holds its purchasing power directly against the national standard, offering a stable financial footing for residents without the added pressure of a higher cost of living.
Job Market Context
850
Total Jobs
6.989
Per 1K Jobs
0.74
Location Quotient
Rochester, MN has 0.74x 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 0.74 suggests that Bookkeeping, Accounting, and Auditing Clerk roles are slightly less concentrated in Rochester, MN, compared to the national average. This indicates a competitive market where employers may need to offer attractive compensation and benefits to secure qualified candidates, but it also implies a steady demand that supports the existing workforce.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| La Crosse-Onalaska, WI-MN Bookkeeping, Accounting, and Auditing Clerks Salary | $48,990↓ 14% | 64 mi |
| Eau Claire, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $48,940↓ 14% | 74 mi |
| Mankato, MN Bookkeeping, Accounting, and Auditing Clerks Salary | $52,380↓ 8% | 75 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Bookkeeping, Accounting, and Auditing Clerks Salary | $55,920↓ 2% | 77 mi |
Comparing salaries near Rochester, MN
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Rochester, MN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Rochester, MN is $56,830. This typically ranges from $38,370 for entry-level positions to $77,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, MN is 9.4% higher than the national median of $51,940.
Is Rochester, MN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Rochester, MN offers a lucrative environment for Bookkeeping, Accounting, and Auditing Clerks.The average salary of $56,830 significantly exceeds the national average, and the cost of living is on par with the national index, providing excellent purchasing power.
Is Rochester, MN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Rochester, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, MN?
Some top paying nearby cities include La Crosse-Onalaska, WI-MN ($48,990) and Eau Claire, WI.
How does the salary in Rochester, MN compare to the national average?
Bookkeeping, Accounting, and Auditing Clerks in Rochester, MN, earn an average of $56,830 annually, which is higher than the national average of $51,940.
What is the cost of living in Rochester, MN for these professionals?
The cost of living in Rochester, MN, is exactly at the national average, indicated by an index of 100, meaning your salary has average purchasing power.
How concentrated are Bookkeeping, Accounting, and Auditing Clerk jobs in Rochester, MN?
The concentration of these roles is slightly below the national average, with a Location Quotient of 0.74, suggesting a competitive but stable job market.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Rochester, MN?
There are approximately 850 Bookkeeping, Accounting, and Auditing Clerks employed in the Rochester, MN area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 850 employees in the Rochester, MN area with a job density of 6.989 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 Rochester, MN