Bookkeeping, Accounting, and Auditing Clerks in the Southeast Minnesota nonmetropolitan area earn an average annual salary of $50,090. This figure is slightly below the national average of $51,940, a common occurrence in nonmetropolitan regions where the cost of doing business and local economic drivers can influence compensation levels. The specific economic landscape and demand within this region shape the earning potential for these vital financial roles.
Executive Summary
- Average Salary: $50,090 per year.
- Growth Trend: Salaries have shifted 20.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,170.
- Outlook: The Southeast Minnesota nonmetropolitan area supports a dedicated workforce of 1,610 Bookkeeping, Accounting, and Auditing Clerks. With a location quotient of 1.11, this indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and perhaps growing demand for these professionals within the local economy. The presence of 10.51 jobs per 1,000 workers further underscores the consistent need for skilled individuals in this sector.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Southeast Minnesota nonmetropolitan area earns-3.6%below the national average.
$24.1
$963
$4,174
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in Southeast Minnesota have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive an upward trajectory in compensation for skilled administrative and financial roles, ensuring that professionals in this field can expect their earning potential to increase over time.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Southeast Minnesota nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks is typically marked by increasing salary potential. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, reaching into the upper percentiles. The gap between entry-level and senior roles highlights the value placed on accumulated knowledge, efficiency, and responsibility within the accounting field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,280 | $16 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,568 | $18.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,620 | $23.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,613 | $30.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,170 | $32.8 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,090
Gross Pay
Real Wage (Purchasing Power)
$50,090
Adjusted for COL (100)
The average annual salary of $50,090 in Southeast Minnesota nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, making it a financially neutral location from a cost-of-living perspective. While the salary is slightly below the national average, the stable cost of living suggests that the take-home pay will maintain its relative value.
Job Market Context
1,610
Total Jobs
10.51
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Southeast Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A location quotient of 1.11 for Bookkeeping, Accounting, and Auditing Clerks signifies that this profession is slightly more concentrated in the Southeast Minnesota nonmetropolitan area than the national average. This suggests a healthy demand for these roles, potentially offering more opportunities or a slightly more competitive market compared to areas with a lower quotient. Employers in this region may actively seek out these skilled individuals to meet local business needs.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Bookkeeping, Accounting, and Auditing Clerks Salary | $52,630↑ 5% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Bookkeeping, Accounting, and Auditing Clerks Salary | $55,920↑ 12% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Southeast Minnesota nonmetropolitan area is $50,090. This typically ranges from $33,280 for entry-level positions to $68,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 3.6% lower than the national median of $51,940.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately lucrative, with stable purchasing power.The average salary of $50,090 is slightly below the national average, but the cost of living is also at the national average, balancing out earning potential. The slightly higher concentration of these roles (LQ 1.11) indicates consistent demand.
Is Southeast Minnesota nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($52,630) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does experience impact salary for Bookkeeping, Accounting, and Auditing Clerks in this region?
Experience significantly influences salary. Entry-level clerks typically earn less, while those with several years of experience and advanced skills can expect to earn substantially more, moving into higher salary percentiles.
What is the total number of Bookkeeping, Accounting, and Auditing Clerk jobs in Southeast Minnesota nonmetropolitan area?
There are approximately 1,610 Bookkeeping, Accounting, and Auditing Clerks employed in the Southeast Minnesota nonmetropolitan area.
How does the local job market compare to the national average for this role?
The job market in Southeast Minnesota nonmetropolitan area is slightly more concentrated for these roles, with a location quotient of 1.11, indicating a marginally higher prevalence than the national average.
What does a Cost of Living Index of 100 mean for this region?
A Cost of Living Index of 100 signifies that the overall cost of goods and services in Southeast Minnesota nonmetropolitan area is equivalent to the national average, offering standard purchasing power for the local salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,610 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 10.51 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 Southeast Minnesota nonmetropolitan area