Average Bookkeeping, Accounting, and Auditing Clerks Salary in Springfield, IL
In Springfield, IL, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $49,990. This figure is slightly below the national average of $51,940, a common occurrence in markets where local economic factors and industry concentration may influence compensation benchmarks. The specific pay rates in Springfield are a reflection of the regional demand and the overall economic landscape of the area.
Executive Summary
- Average Salary: $49,990 per year.
- Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $66,560.
- Outlook: Springfield, IL supports a robust local workforce of 920 Bookkeeping, Accounting, and Auditing Clerks. With a Location Quotient of 0.95, the concentration of these roles is nearly on par with the national average, indicating a stable and consistent demand for these professionals within the local economy. The presence of nearly 9 professionals per 1,000 workers further underscores the steady employment opportunities available.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Springfield, IL earns-3.8%below the national average.
$24
$961
$4,166
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Springfield is not provided, it is generally observed that roles within bookkeeping and accounting sectors have experienced consistent salary growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations, suggesting that the $49,990 average may see incremental increases in the coming years.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Springfield, IL
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Springfield, IL, typically involves a significant salary increase with experience. Entry-level positions often start at the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting a substantial growth trajectory. The gap between entry-level and senior roles highlights the value placed on accumulated knowledge and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,480 | $16.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,493 | $18 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,990 | $23.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,488 | $30 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $66,560 | $32 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$49,990
Gross Pay
Real Wage (Purchasing Power)
$49,990
Adjusted for COL (100)
The nominal salary of $49,990 in Springfield, IL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Springfield is equivalent to the national average, offering a balanced financial environment for residents. Consequently, the salary provides a standard of living comparable to the typical American experience.
Job Market Context
920
Total Jobs
8.933
Per 1K Jobs
0.95
Location Quotient
Springfield, IL has 0.95x 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.
With a Location Quotient of 0.95, the job market for Bookkeeping, Accounting, and Auditing Clerks in Springfield, IL, is highly representative of the national landscape. This indicates a balanced supply and demand for these roles, suggesting a competitive yet accessible market. Professionals will find a solid number of opportunities without facing extreme saturation or scarcity.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Springfield, IL
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Springfield, IL?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Springfield, IL is $49,990. This typically ranges from $33,480 for entry-level positions to $66,560 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 3.8% lower than the national median of $51,940.
Is Springfield, IL a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not significantly more lucrative than the national average.The average salary of $49,990 is slightly below the national average, and the cost of living is exactly at the national average, offering no substantial financial advantage.
Is Springfield, IL a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($49,670) and West Central Illinois nonmetropolitan area.
How does the number of local jobs compare to the national average?
Springfield, IL has 8.933 jobs per 1,000 workers in this field, which is very close to the national average, indicating a stable job market concentration.
What is the significance of the Location Quotient (LQ) of 0.95?
An LQ of 0.95 suggests that the concentration of Bookkeeping, Accounting, and Auditing Clerk jobs in Springfield is slightly less than the national average, but still very close, indicating a balanced market.
Does experience impact salary for these roles in Springfield?
Yes, like most fields, experience significantly impacts earning potential, with senior roles commanding higher salaries than entry-level positions.
How does the cost of living in Springfield affect the salary?
With a Cost of Living Index of 100, the $49,990 salary offers purchasing power equivalent to the national average, making it a stable financial environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 920 employees in the Springfield, IL area with a job density of 8.933 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 Springfield, IL