Average Bookkeeping, Accounting, and Auditing Clerks Salary in Springfield, MA
In Springfield, MA, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $52,890. This figure is slightly above the national average of $51,940, suggesting a competitive local market. The pay in Springfield is influenced by a combination of local economic factors and the specific demand for these essential financial roles within the region.
Executive Summary
- Average Salary: $52,890 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $69,800.
- Outlook: Springfield, MA supports a local workforce of 1,600 individuals in Bookkeeping, Accounting, and Auditing Clerk roles. With a Location Quotient of 0.85, the concentration of these jobs is slightly below the national average, indicating a stable but not overly saturated market. The presence of 8.028 jobs per 1,000 workers suggests consistent demand for skilled professionals in this sector within the Springfield area.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Springfield, MA earns+1.8%above the national average.
$25.4
$1,017
$4,408
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Springfield's bookkeeping sector isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for financial services typically drive salary increases for accounting and bookkeeping professionals across most metropolitan areas.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Springfield, MA
Salary progression for Bookkeeping, Accounting, and Auditing Clerks in Springfield, MA, typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The widening gap between entry-level and senior roles reflects the value placed on expertise and tenure in the financial field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,500 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,668 | $19.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,660 | $24.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $66,113 | $31.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $69,800 | $33.6 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$52,890
Gross Pay
Real Wage (Purchasing Power)
$52,890
Adjusted for COL (100)
The average annual salary of $52,890 in Springfield, MA, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a bookkeeping clerk's salary in Springfield is comparable to that of their counterparts in a typical U.S. city, offering a balanced financial environment for residents.
Job Market Context
1,600
Total Jobs
8.028
Per 1K Jobs
0.85
Location Quotient
Springfield, MA has 0.85x 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 0.85, Springfield, MA, has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerk jobs compared to the national average. This suggests that while the demand is present and steady, the market is not exceptionally competitive or saturated, potentially offering good opportunities for skilled professionals seeking employment without facing overwhelming competition.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Springfield, MA
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Springfield, MA?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Springfield, MA is $52,890. This typically ranges from $36,500 for entry-level positions to $69,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 1.8% higher than the national median of $51,940.
Is Springfield, MA a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Springfield, MA offers a competitive salary for Bookkeeping, Accounting, and Auditing Clerks.The average salary of $52,890 slightly exceeds the national average, and the cost of living is exactly at the national benchmark, providing good earning potential.
Is Springfield, MA a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($55,440) and Hartford-West Hartford-East Hartford, CT.
How does the local workforce size impact job prospects?
A local workforce of 1,600 indicates a substantial presence of these roles, suggesting a stable job market with ongoing opportunities for both new entrants and experienced professionals.
What does a Location Quotient of 0.85 mean for job seekers?
A Location Quotient of 0.85 means Springfield has slightly fewer of these jobs per capita than the national average, implying a moderately competitive market that is not overly saturated.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the $52,890 salary in Springfield has purchasing power equivalent to the national average, making it a financially stable location.
Are there many accounting and bookkeeping jobs in Springfield, MA?
Yes, with 8.028 jobs per 1,000 workers, there is a notable presence of these roles, indicating consistent demand within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,600 employees in the Springfield, MA area with a job density of 8.028 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, MA