Average Bookkeeping, Accounting, and Auditing Clerks Salary in Rockford, IL
In Rockford, 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, indicating that local market dynamics and economic factors in Rockford influence compensation for these essential financial roles. The specific economic landscape of the region plays a significant role in setting the pay scale for these positions.
Executive Summary
- Average Salary: $48,690 per year.
- Growth Trend: Salaries have shifted 10.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,640.
- Outlook: With a local workforce of 1,090 individuals in this field and a Location Quotient of 0.83, Rockford presents a moderately concentrated but stable job market for bookkeeping, accounting, and auditing clerks. The presence of 7.82 jobs per 1,000 workers suggests a consistent demand, though not exceeding the national average, implying a balanced environment for job seekers and employers alike.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Rockford, 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 is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in Rockford have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and evolving industry demands typically contribute to modest annual increases in compensation for these roles.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Rockford, IL
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Rockford typically involves salary increases tied to experience and skill development. Entry-level positions will naturally command lower salaries, while senior clerks with extensive experience and specialized knowledge can expect to earn significantly more, with percentile gaps reflecting these advancements in responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,550 | $16.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,518 | $17.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,610 | $22.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,863 | $29.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,640 | $30.6 |
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 average annual salary of $48,690 in Rockford aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a bookkeeping clerk's salary in Rockford is comparable to the national average, suggesting that the local salary is well-calibrated to the cost of goods and services in the area.
Job Market Context
1,090
Total Jobs
7.82
Per 1K Jobs
0.83
Location Quotient
Rockford, IL has 0.83x 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 0.83 indicates that Rockford has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerks compared to the national average. This suggests that while the profession is present and functional, the market may not be as saturated as in other regions, potentially offering a competitive edge for skilled professionals seeking employment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,770↓ 2% | 30 mi |
| Madison, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $52,840↑ 9% | 59 mi |
| Kenosha, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $49,510↑ 2% | 65 mi |
| Racine-Mount Pleasant, WI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,790↓ 2% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Bookkeeping, Accounting, and Auditing Clerks Salary | $53,560↑ 10% | 78 mi |
Comparing salaries near Rockford, IL
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Rockford, IL?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Rockford, IL is $48,690. This typically ranges from $33,550 for entry-level positions to $63,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 6.3% lower than the national median of $51,940.
Is Rockford, IL a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, it is not exceptionally lucrative compared to the national average.The average salary of $48,690 is below the national average of $51,940, although the cost of living is on par with the national average.
Is Rockford, IL a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($47,770) and Madison, WI.
How does Rockford's cost of living compare to the national average?
Rockford's cost of living index is 100, which is exactly the national average, meaning the general cost of goods and services is neither higher nor lower than the typical U.S. city.
What is the job concentration for this role in Rockford?
The Location Quotient of 0.83 indicates that Rockford has a slightly lower concentration of bookkeeping, accounting, and auditing clerks than the national average.
How many bookkeeping, accounting, and auditing clerk jobs are there per 1,000 workers in Rockford?
There are approximately 7.82 jobs per 1,000 workers in Rockford for this profession, reflecting the local demand for these financial services.
What is the total local workforce for this role in Rockford?
The total local workforce for Bookkeeping, Accounting, and Auditing Clerks in Rockford consists of 1,090 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,090 employees in the Rockford, IL area with a job density of 7.82 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 Rockford, IL