Average Bookkeeping, Accounting, and Auditing Clerks Salary in Santa Fe, NM
In Santa Fe, NM, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $52,530. This figure slightly surpasses the national average of $51,940, indicating a competitive market in the region. Local economic factors and the specific demand within Santa Fe's business landscape likely contribute to this slightly elevated compensation.
Executive Summary
- Average Salary: $52,530 per year.
- Growth Trend: Salaries have shifted 29.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,590.
- Outlook: With a local workforce of 640 individuals in this role and a Location Quotient of 1.1, Santa Fe demonstrates a healthy concentration of bookkeeping, accounting, and auditing clerks. This suggests a stable and potentially growing demand for these essential financial professionals within the city's economy, indicating a robust job market.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Santa Fe, NM earns+1.1%above the national average.
$25.3
$1,010
$4,378
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 Santa Fe have seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of accounting regulations.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Santa Fe, NM
Career progression in bookkeeping and accounting roles typically involves a significant salary increase with experience. Entry-level positions might start at the lower end of the pay scale, while senior accountants and auditing specialists with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distribution clearly signify these opportunities for career advancement and higher earning potential.
| 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) | $39,398 | $18.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,000 | $25 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,663 | $31.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,590 | $34.4 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$52,530
Gross Pay
Real Wage (Purchasing Power)
$52,530
Adjusted for COL (100)
The average annual salary of $52,530 in Santa Fe 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, Accounting, and Auditing Clerk's salary in Santa Fe is equivalent to the national standard, offering a balanced lifestyle without significant financial strain compared to other areas.
Job Market Context
640
Total Jobs
10.378
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Santa Fe, NM has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A Location Quotient of 1.1 for Bookkeeping, Accounting, and Auditing Clerks in Santa Fe suggests that this profession is slightly more concentrated in the area than the national average. This indicates a moderately competitive market where employers may need to offer competitive salaries to attract and retain talent, but it also points to a steady demand for these skills within the local economy.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Bookkeeping, Accounting, and Auditing Clerks Salary | $48,900↓ 7% | 54 mi |
| Eastern New Mexico nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary | $48,100↓ 8% | 59 mi |
| Northern New Mexico nonmetropolitan area Bookkeeping, Accounting, and Auditing Clerks Salary | $47,840↓ 9% | 59 mi |
Comparing salaries near Santa Fe, NM
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Santa Fe, NM?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Santa Fe, NM is $52,530. This typically ranges from $34,000 for entry-level positions to $71,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Santa Fe, NM is 1.1% higher than the national median of $51,940.
Is Santa Fe, NM a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Santa Fe offers a slightly above-average earning potential for these roles.The average salary of $52,530 slightly exceeds the national average, and the cost of living is on par with the national index, making it a financially stable location.
Is Santa Fe, NM a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Santa Fe, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Santa Fe, NM?
Some top paying nearby cities include Albuquerque, NM ($48,900) and Eastern New Mexico nonmetropolitan area.
How does Santa Fe's average salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Santa Fe, NM is $52,530, which is slightly higher than the national average of $51,940.
What is the significance of the Location Quotient in Santa Fe?
A Location Quotient of 1.1 indicates that the concentration of Bookkeeping, Accounting, and Auditing Clerks in Santa Fe is slightly higher than the national average, suggesting a healthy local demand for these professionals.
How does the cost of living in Santa Fe affect salary perception?
With a Cost of Living Index of 100, Santa Fe's cost of living is exactly at the national average. Therefore, the $52,530 salary provides purchasing power equivalent to the national average.
What is the total number of Bookkeeping, Accounting, and Auditing Clerks in Santa Fe?
There are approximately 640 Bookkeeping, Accounting, and Auditing Clerks employed in Santa Fe, NM.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 640 employees in the Santa Fe, NM area with a job density of 10.378 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 Santa Fe, NM