Average Bookkeeping, Accounting, and Auditing Clerks Salary in Waterloo-Cedar Falls, IA
In Waterloo-Cedar Falls, IA, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $47,920. This figure is slightly below the national average of $51,940, reflecting regional economic factors and the specific demand within the local market. The pay scale in this area is influenced by the overall economic landscape and the concentration of businesses requiring these essential financial services.
Executive Summary
- Average Salary: $47,920 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,680.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in Waterloo-Cedar Falls, IA, appears stable with a local workforce of 640 individuals in this role. The Location Quotient of 0.8 suggests a presence that is close to the national average, indicating a consistent, albeit not exceptionally high, demand for these professionals within the region's business ecosystem.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Waterloo-Cedar Falls, IA earns-7.7%below the national average.
$23
$922
$3,993
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for Waterloo-Cedar Falls is not provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks have seen gradual growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive modest increases in compensation for these vital administrative roles.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Waterloo-Cedar Falls, IA
Career progression for Bookkeeping, Accounting, and Auditing Clerks in Waterloo-Cedar Falls, IA, typically involves a 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 significantly higher salaries, often reaching into the upper percentiles of the salary range.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,840 | $15.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,940 | $17.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,130 | $22.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,900 | $28.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,680 | $31.1 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$47,920
Gross Pay
Real Wage (Purchasing Power)
$47,920
Adjusted for COL (100)
The average annual salary of $47,920 in Waterloo-Cedar Falls, IA, 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, providing a stable financial footing for residents.
Job Market Context
640
Total Jobs
7.531
Per 1K Jobs
0.8
Location Quotient
Waterloo-Cedar Falls, IA has 0.80x 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 0.8, the Waterloo-Cedar Falls, IA market for Bookkeeping, Accounting, and Auditing Clerks is slightly less concentrated than the national average. This suggests that while the profession is well-represented, there may not be an oversupply of candidates, potentially offering a balanced competitive landscape for job seekers.
Nearby Job Markets
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Waterloo-Cedar Falls, IA?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Waterloo-Cedar Falls, IA is $47,920. This typically ranges from $31,840 for entry-level positions to $64,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 7.7% lower than the national median of $51,940.
Is Waterloo-Cedar Falls, IA a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to the national average.The average salary of $47,920 is below the national average of $51,940, though the cost of living is on par with the national average.
Is Waterloo-Cedar Falls, IA a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($49,990) and Southeast Iowa nonmetropolitan area.
How does the Waterloo-Cedar Falls salary compare to the national average?
The average salary for Bookkeeping, Accounting, and Auditing Clerks in Waterloo-Cedar Falls, IA is $47,920, which is approximately $4,000 less than the national average of $51,940.
What is the cost of living in Waterloo-Cedar Falls, IA?
The cost of living in Waterloo-Cedar Falls, IA is exactly at the national average, indicated by a Cost of Living Index of 100.
How many Bookkeeping, Accounting, and Auditing Clerks are there in Waterloo-Cedar Falls, IA?
There are approximately 640 individuals employed as Bookkeeping, Accounting, and Auditing Clerks in the Waterloo-Cedar Falls, IA area.
Is there high demand for Bookkeeping, Accounting, and Auditing Clerks in Waterloo-Cedar Falls, IA?
The Location Quotient of 0.8 suggests a demand that is close to the national average, indicating a steady but not exceptionally high concentration of these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 640 employees in the Waterloo-Cedar Falls, IA area with a job density of 7.531 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 Waterloo-Cedar Falls, IA