Average Bookkeeping, Accounting, and Auditing Clerks Salary in Sumter, SC
In Sumter, SC, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $44,810. This figure is notably below the national average of $51,940, reflecting localized economic conditions and demand specific to the Sumter region. Factors such as the local industry mix and the overall economic climate in South Carolina influence this compensation.
Executive Summary
- Average Salary: $44,810 per year.
- Growth Trend: Salaries have shifted 26.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,580.
- Outlook: The local workforce for Bookkeeping, Accounting, and Auditing Clerks in Sumter, SC, comprises approximately 310 individuals. With a Location Quotient of 0.92, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of nearly 9 accounting clerks per 1,000 workers indicates a consistent need for these essential financial support functions within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Sumter, SC earns-13.7%below the national average.
$21.6
$862
$3,734
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Sumter is not provided, it is generally assumed that salaries for Bookkeeping, Accounting, and Auditing Clerks have seen incremental growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the need for businesses to adapt to evolving regulatory landscapes. Such increases, even if modest, contribute to the overall compensation trajectory for professionals in this field.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Sumter, SC
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings clearly signify this career trajectory, with experienced professionals occupying the higher salary brackets due to their accumulated knowledge and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $27,110 | $13 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,608 | $16.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,600 | $21 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,013 | $26.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $63,580 | $30.6 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$44,810
Gross Pay
Real Wage (Purchasing Power)
$44,810
Adjusted for COL (100)
The average annual salary of $44,810 in Sumter, SC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average. Therefore, relocating to Sumter as a Bookkeeping, Accounting, and Auditing Clerk would likely result in a comparable standard of living in terms of expenses, assuming no significant shifts in personal spending habits.
Job Market Context
310
Total Jobs
8.673
Per 1K Jobs
0.92
Location Quotient
Sumter, SC has 0.92x 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 0.92, the job market for Bookkeeping, Accounting, and Auditing Clerks in Sumter, SC, is neither significantly saturated nor exceptionally scarce compared to the national landscape. This suggests a balanced market where demand is present and aligns closely with the national average distribution of these roles. Professionals entering this field can expect a competitive environment that offers opportunities without being overwhelmingly crowded.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Sumter, SC
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Sumter, SC?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Sumter, SC is $44,810. This typically ranges from $27,110 for entry-level positions to $63,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sumter, SC is 13.7% lower than the national median of $51,940.
Is Sumter, SC a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not particularly lucrative compared to the national average.The average salary of $44,810 is below the national average of $51,940, indicating lower earning potential in Sumter. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Sumter, SC a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Sumter, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sumter, SC?
Some top paying nearby cities include Columbia, SC ($46,440) and Northwestern South Carolina nonmetropolitan area.
How does the Sumter salary compare to the national average?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Sumter, SC, is $44,810, which is approximately $7,130 less than the national average of $51,940.
What is the concentration of accounting clerks in Sumter, SC?
Sumter, SC has a Location Quotient of 0.92 for Bookkeeping, Accounting, and Auditing Clerks, indicating a concentration slightly below the national average.
Does experience impact salary for these roles in Sumter?
Yes, like most professions, experience significantly impacts salary. Senior clerks with more experience and advanced skills typically earn more than entry-level professionals.
How does the cost of living in Sumter affect the salary?
Sumter's Cost of Living Index is 100, matching the national average. This means the $44,810 salary offers a purchasing power equivalent to the national average, despite being lower in nominal terms.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Sumter, SC area with a job density of 8.673 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 Sumter, SC