Average Bookkeeping, Accounting, and Auditing Clerks Salary in Virgin Islands
Bookkeeping, accounting, and auditing clerks in the Virgin Islands earn an average annual salary of $49,240. This figure is slightly below the national average of $51,940, suggesting that while the demand is present, local economic factors and potentially a smaller market size contribute to this compensation. The specific economic landscape and business needs within the islands influence the pay scale for these essential financial roles.
Executive Summary
- Average Salary: $49,240 per year.
- Growth Trend: Salaries have shifted 12.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $72,600.
- Outlook: The Virgin Islands hosts a local workforce of 360 individuals in bookkeeping, accounting, and auditing clerk roles, with a concentration quotient of 1.16. This indicates a slightly higher prevalence of these positions compared to the national average, suggesting a stable, albeit niche, job market. The presence of nearly 11 jobs per 1,000 workers further reinforces the consistent demand for these financial professionals within the local economy.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Virgin Islands earns-5.2%below the national average.
$23.7
$947
$4,103
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for the Virgin Islands is not provided, it is reasonable to assume a general upward trend in salaries for bookkeeping, accounting, and auditing clerks over the past four years, mirroring national patterns. Economic recovery, inflation, and increasing demand for financial expertise typically drive salary growth in most sectors, and this profession is unlikely to be an exception.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Virgin Islands
Career progression for bookkeeping, accounting, and auditing clerks typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in salary distribution clearly signify these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,820 | $14.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,930 | $17.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,760 | $22 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,550 | $29.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $72,600 | $34.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$49,240
Gross Pay
Real Wage (Purchasing Power)
$41,033
Adjusted for COL (120)
The average annual salary of $49,240 in the Virgin Islands needs to be considered alongside a Cost of Living Index of 120, which is 20% higher than the national average. This means that while the nominal salary might seem comparable, the purchasing power of $49,240 locally is diminished due to the higher cost of goods and services, making it crucial for individuals to budget carefully.
Job Market Context
360
Total Jobs
10.969
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Virgin Islands has a slightly higher-than-average concentration of Bookkeeping, Accounting, and Auditing Clerks roles compared to the national norm.
With a Location Quotient of 1.16, the job market for bookkeeping, accounting, and auditing clerks in the Virgin Islands is slightly more concentrated than the national average. This suggests a healthy demand relative to the general workforce, indicating that while the market isn't oversaturated, there are ample opportunities for qualified professionals. It implies a competitive but accessible environment for those seeking employment in this field.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| San Juan-Bayamon-Caguas, PR Bookkeeping, Accounting, and Auditing Clerks Salary | $30,170↓ 39% | 76 mi |
| Guayama, PR Bookkeeping, Accounting, and Auditing Clerks Salary | $25,180↓ 49% | 84 mi |
Comparing salaries near Virgin Islands
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Virgin Islands?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Virgin Islands is $49,240. This typically ranges from $30,820 for entry-level positions to $72,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virgin Islands is 5.2% lower than the national median of $51,940.
Is Virgin Islands a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately so, with caveats.While the average salary of $49,240 is slightly below the national average, the concentration of roles (LQ 1.16) indicates steady demand. However, the high cost of living (120) significantly impacts the real value of this salary.
Is Virgin Islands a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Virgin Islands is 120. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virgin Islands?
Some top paying nearby cities include San Juan-Bayamon-Caguas, PR ($30,170) and Guayama, PR.
How does the Virgin Islands salary compare to the national average?
The average salary for Bookkeeping, Accounting, and Auditing Clerks in the Virgin Islands is $49,240, which is slightly lower than the national average of $51,940.
What is the job market like for these clerks in the Virgin Islands?
The job market shows a slightly higher concentration of these roles compared to the national average, with 1.16 times the expected presence, indicating consistent demand.
Does the cost of living affect the perceived salary?
Yes, the Virgin Islands has a Cost of Living Index of 120, meaning expenses are 20% higher than the national average, which reduces the purchasing power of the $49,240 salary.
How many bookkeeping, accounting, and auditing clerks are there in the Virgin Islands?
There are approximately 360 Bookkeeping, Accounting, and Auditing Clerks employed in the Virgin Islands, representing about 10.969 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Virgin Islands area with a job density of 10.969 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 Virgin Islands