Average Bookkeeping, Accounting, and Auditing Clerks Salary in Sioux Falls, SD-MN
In Sioux Falls, SD-MN, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $45,720. This figure is notably below the national average of $51,940. Local economic factors and a specific industry demand structure likely contribute to this pay differential, making it crucial for professionals to understand the nuances of this regional market.
Executive Summary
- Average Salary: $45,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,120.
- Outlook: The Sioux Falls, SD-MN area supports a substantial workforce of 3,280 individuals in bookkeeping, accounting, and auditing clerk roles. With a Location Quotient of 1.99, this region exhibits a significantly higher concentration of these professionals compared to the national average, indicating robust demand and a well-established presence of these essential financial support functions within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Sioux Falls, SD-MN earns-12.0%below the national average.
$22
$879
$3,810
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Sioux Falls is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the region have experienced growth over the past four years, mirroring national trends. Economic expansion and evolving business needs typically drive incremental increases in compensation for skilled administrative and financial roles.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Sioux Falls, SD-MN
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Sioux Falls, SD-MN, is typically marked by increasing salary levels. Entry-level positions will naturally command lower compensation, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more, potentially reaching higher percentiles of the salary range, reflecting their enhanced value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,400 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,290 | $16.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,740 | $22 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $57,150 | $27.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,120 | $27.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$45,720
Gross Pay
Real Wage (Purchasing Power)
$45,720
Adjusted for COL (100)
The average annual salary of $45,720 in Sioux Falls, SD-MN, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a bookkeeping clerk's salary in Sioux Falls is equivalent to the national average, suggesting that while nominal earnings are lower, the local cost of goods and services does not present a significant disadvantage.
Job Market Context
3,280
Total Jobs
18.774
Per 1K Jobs
1.99
Location Quotient
Sioux Falls, SD-MN has 2.0x the national concentration of Bookkeeping, Accounting, and Auditing Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.99 for Bookkeeping, Accounting, and Auditing Clerks in Sioux Falls, SD-MN, signifies a market where these roles are nearly twice as concentrated as the national average. This suggests a strong, established demand for these professionals, potentially leading to a competitive environment for both employers seeking talent and individuals seeking employment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Bookkeeping, Accounting, and Auditing Clerks Salary | $47,380↑ 4% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Bookkeeping, Accounting, and Auditing Clerkss?
Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Sioux Falls, SD-MN?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Sioux Falls, SD-MN is $45,720. This typically ranges from $34,400 for entry-level positions to $58,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sioux Falls, SD-MN is 12.0% lower than the national median of $51,940.
Is Sioux Falls, SD-MN a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not compared to the national average.While the cost of living is average, the nominal salary of $45,720 is below the national average of $51,940, indicating less lucrative earning potential in this specific role.
Is Sioux Falls, SD-MN a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sioux Falls, SD-MN?
Some top paying nearby cities include Sioux City, IA-NE-SD ($47,380) and others.
How does the Sioux Falls salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Sioux Falls, SD-MN is $45,720, which is lower than the national average of $51,940.
What is the concentration of bookkeeping jobs in Sioux Falls?
Sioux Falls has a high concentration of these roles, with a Location Quotient of 1.99, meaning the jobs are nearly twice as common as the national average.
How does the cost of living in Sioux Falls affect salary perception?
With a Cost of Living Index of 100, Sioux Falls is at the national average, meaning the $45,720 salary has average purchasing power locally.
What does the total workforce number suggest about the market?
A local workforce of 3,280 indicates a significant and established presence of bookkeeping, accounting, and auditing clerks in Sioux Falls, supporting the high concentration observed.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,280 employees in the Sioux Falls, SD-MN area with a job density of 18.774 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 Sioux Falls, SD-MN