Bookkeeping, Accounting, and Auditing Clerks in the Upper Peninsula of Michigan nonmetropolitan area earn an average annual salary of $46,630. This figure is notably below the national average of $51,940, reflecting the economic dynamics and potentially lower demand for these specialized roles in a nonmetropolitan setting. Regional economic factors and the specific industry mix within the Upper Peninsula likely contribute to this salary differential.
Executive Summary
- Average Salary: $46,630 per year.
- Growth Trend: Salaries have shifted 22.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,360.
- Outlook: The Upper Peninsula of Michigan nonmetropolitan area supports a local workforce of 1,250 Bookkeeping, Accounting, and Auditing Clerks. With a Location Quotient of 1.19, this indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not booming, demand within the region. The presence of over 11 jobs per 1,000 workers further underscores the consistent need for these financial professionals in the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Upper Peninsula of Michigan nonmetropolitan area earns-10.2%below the national average.
$22.4
$897
$3,886
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the Upper Peninsula of Michigan have experienced gradual growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive modest annual increases in compensation for these essential financial support roles.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Upper Peninsula of Michigan 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 significantly higher salaries, potentially reaching into the upper percentiles. The widening gap between starting and senior salaries reflects the value placed on accumulated knowledge and proven competency in financial record-keeping and analysis.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,790 | $16.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $34,973 | $16.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,010 | $21.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,288 | $28 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,360 | $29.5 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$46,630
Gross Pay
Real Wage (Purchasing Power)
$46,630
Adjusted for COL (100)
The average annual salary of $46,630 for Bookkeeping, Accounting, and Auditing Clerks in the Upper Peninsula of Michigan nonmetropolitan area aligns perfectly with the national average cost of living (100). This means that while the nominal salary might appear lower than the national average, its purchasing power locally is equivalent to the national average, making the compensation relatively stable in terms of real value within the region.
Job Market Context
1,250
Total Jobs
11.258
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Upper Peninsula of Michigan nonmetropolitan area has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
A Location Quotient of 1.19 for Bookkeeping, Accounting, and Auditing Clerks in the Upper Peninsula of Michigan nonmetropolitan area suggests a slightly more concentrated presence of these jobs than the national average. This indicates that while the roles are present and somewhat more common regionally, the market is not oversaturated, implying a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Saginaw, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $45,950↓ 1% | 30 mi |
| Bay City, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $47,130↑ 1% | 37 mi |
| Lansing-East Lansing, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $50,200↑ 8% | 42 mi |
| Flint, MI Bookkeeping, Accounting, and Auditing Clerks Salary | $46,530↓ 0% | 47 mi |
Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Upper Peninsula of Michigan nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Upper Peninsula of Michigan nonmetropolitan area is $46,630. This typically ranges from $33,790 for entry-level positions to $61,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 10.2% lower than the national median of $51,940.
Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, it is not exceptionally lucrative compared to national averages.The average salary of $46,630 is below the national average, although the cost of living is also at the national average. This indicates a stable but not high-paying market for these roles.
Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?
Some top paying nearby cities include Saginaw, MI ($45,950) and Bay City, MI.
What is the average salary for Bookkeeping, Accounting, and Auditing Clerks in this region?
The average annual salary for Bookkeeping, Accounting, and Auditing Clerks in the Upper Peninsula of Michigan nonmetropolitan area is $46,630.
How does the local salary compare to the national average?
The local average salary of $46,630 is approximately 10% lower than the national average of $51,940.
What does the Location Quotient of 1.19 mean?
A Location Quotient of 1.19 signifies that Bookkeeping, Accounting, and Auditing Clerk positions are slightly more concentrated in the Upper Peninsula of Michigan nonmetropolitan area than the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $46,630 salary has equivalent purchasing power to the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,250 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 11.258 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 Upper Peninsula of Michigan nonmetropolitan area