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Average Bookkeeping, Accounting, and Auditing Clerks Salary in Traverse City, MI

In Traverse City, MI, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $46,060. This figure is below the national average of $51,940, reflecting localized economic factors and demand specific to the Traverse City region. While the nominal salary may be lower, understanding the local market dynamics is crucial for compensation analysis.

Executive Summary

  • Average Salary: $46,060 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $58,750.
  • Outlook: Traverse City supports a robust local workforce of 960 individuals in bookkeeping, accounting, and auditing clerk roles. With a Location Quotient of 1.51, this indicates a higher concentration of these professionals compared to the national average, suggesting a stable and established demand for their services within the local economy.
2024 Market Data

Salary Overview

$46,060

The average Bookkeeping, Accounting, and Auditing Clerks in Traverse City, MI earns-11.3%below the national average.

BreakdownBased on 40h/week
Hourly

$22.1

Weekly

$886

Monthly

$3,838

Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Traverse City, MI

Career progression for Bookkeeping, Accounting, and Auditing Clerks in Traverse City, as elsewhere, typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior roles, often requiring specialized skills or supervisory responsibilities, command higher salaries, reflecting the value of accumulated expertise and demonstrated performance.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,770$17.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$34,545$16.6
ManagerOversees team, compliance, and project delivery.50% (Median)$45,920$22.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$57,575$27.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$58,750$28.2

Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis

Relocation Context

Nominal Salary

$46,060

Gross Pay

Real Wage (Purchasing Power)

$46,060

Adjusted for COL (100)

The average annual salary of $46,060 in Traverse City, MI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial standing for residents without the added pressure of higher living expenses.

Job Market Context

960

Total Jobs

14.255

Per 1K Jobs

1.51

Location Quotient

Major Hub

Traverse City, MI has 1.5x the national concentration of Bookkeeping, Accounting, and Auditing Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Traverse City's Location Quotient of 1.51 signifies a notable concentration of Bookkeeping, Accounting, and Auditing Clerk professionals compared to the national landscape. This suggests that the job market in this sector is relatively well-established and potentially competitive, with employers having access to a skilled local talent pool.

Nearby Job Markets

Hiring Bookkeeping, Accounting, and Auditing Clerkss?

Frequently Asked Questions

How much does a Bookkeeping, Accounting, and Auditing Clerks make in Traverse City, MI?

The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Traverse City, MI is $46,060. This typically ranges from $35,770 for entry-level positions to $58,750 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Traverse City, MI is 11.3% lower than the national median of $51,940.

Is Traverse City, MI a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?

No, not exceptionally lucrative compared to the national average.While the cost of living is on par with the national average, the average salary of $46,060 is below the national average of $51,940, indicating less lucrative compensation in this specific role.

Is Traverse City, MI a good place to live for Bookkeeping, Accounting, and Auditing Clerks?

The Cost of Living Index in Traverse City, MI is 100. While higher than average, this often correlates with higher wages.

How does the Traverse City salary compare to the national average?

The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in Traverse City, MI is $46,060, which is lower than the national average of $51,940.

What is the Cost of Living in Traverse City, MI?

Traverse City, MI has a Cost of Living Index of 100, which is exactly the national average, meaning living expenses are neither significantly higher nor lower than the typical US city.

How concentrated are accounting clerk jobs in Traverse City?

With a Location Quotient of 1.51, accounting clerk jobs are more concentrated in Traverse City than the national average, indicating a stronger local presence of this profession.

What is the total number of accounting clerk jobs in Traverse City?

There are approximately 960 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in Traverse City, MI.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 960 employees in the Traverse City, MI area with a job density of 14.255 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Bookkeeping, Accounting, and Auditing Clerks • Data source: BLS OEWS 2024 •Jobs in Traverse City, MI