In the Southwest Minnesota nonmetropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $50,630. This figure is slightly below the national average of $51,940, reflecting regional economic factors and the specific demand within this locale. The concentration of these roles in the area plays a significant part in shaping compensation.
Executive Summary
- Average Salary: $50,630 per year.
- Growth Trend: Salaries have shifted 30.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $69,630.
- Outlook: With a total local workforce of 1,330 individuals in this sector, Southwest Minnesota demonstrates a stable presence for bookkeeping, accounting, and auditing clerks. The location quotient of 1.2 indicates a slightly higher concentration of these roles compared to the national average, suggesting a consistent, if not growing, demand for these essential financial support positions within the region's economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Southwest Minnesota nonmetropolitan area earns-2.5%below the national average.
$24.3
$974
$4,219
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 Southwest Minnesota have experienced gradual growth over the past four years, mirroring national trends. Economic development and the increasing complexity of financial record-keeping likely contribute to a steady upward trajectory in compensation for these professionals.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Southwest Minnesota nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in earnings clearly signify the career advancement opportunities available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,600 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,973 | $18.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,500 | $23.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,288 | $30.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $69,630 | $33.5 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$50,630
Gross Pay
Real Wage (Purchasing Power)
$50,630
Adjusted for COL (100)
The average annual salary of $50,630 in Southwest Minnesota aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a clerk's salary in this region is comparable to the national standard, offering a stable financial environment for residents without the added pressure of significantly higher or lower living expenses.
Job Market Context
1,330
Total Jobs
11.306
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Southwest Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
The location quotient of 1.2 for Bookkeeping, Accounting, and Auditing Clerks in Southwest Minnesota suggests that this profession is slightly more concentrated here than in the average U.S. location. This indicates a healthy job market where demand is at least on par with, and potentially slightly exceeds, the national average, making it a competitive but accessible field for skilled professionals.
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↑ 4% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Bookkeeping, Accounting, and Auditing Clerks Salary | $55,920↑ 10% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Southwest Minnesota nonmetropolitan area is $50,630. This typically ranges from $34,600 for entry-level positions to $69,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 2.5% lower than the national median of $51,940.
Is Southwest Minnesota nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, it offers competitive compensation relative to the cost of living.The average salary of $50,630 is strong, especially when considering the national average cost of living index of 100. The slightly higher concentration of these roles also suggests a stable job market.
Is Southwest Minnesota nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($52,630) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the local salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Southwest Minnesota is $50,630, which is slightly lower than the national average of $51,940.
What is the concentration of these jobs in Southwest Minnesota?
The location quotient is 1.2, indicating that these roles are 20% more concentrated in Southwest Minnesota compared to the national average.
How does the cost of living affect the salary?
With a cost of living index of 100, the $50,630 salary in Southwest Minnesota offers purchasing power equivalent to the national average, making it financially stable.
What is the total number of these clerks in the region?
There are approximately 1,330 Bookkeeping, Accounting, and Auditing Clerks employed in the Southwest Minnesota nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,330 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 11.306 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 Southwest Minnesota nonmetropolitan area