In the West Central Illinois nonmetropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $47,010. This figure is slightly below the national average of $51,940, reflecting the unique economic landscape and potentially lower cost of doing business characteristic of nonmetropolitan regions. Localized demand and the specific industry mix within this area contribute to this salary differential.
Executive Summary
- Average Salary: $47,010 per year.
- Growth Trend: Salaries have shifted 24.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,850.
- Outlook: The job market for Bookkeeping, Accounting, and Auditing Clerks in West Central Illinois appears stable, with a total local workforce of 1,860 individuals in this role. The Location Quotient of 1.16 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a consistent, albeit not overwhelmingly high, demand for their services within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in West Central Illinois nonmetropolitan area earns-9.5%below the national average.
$22.6
$904
$3,918
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data for this exact region and role isn't provided, it's reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in West Central Illinois have seen gradual growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is typical as businesses adapt to changing economic conditions and strive to retain skilled financial personnel.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in West Central Illinois nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks in West Central Illinois typically involves salary increases with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles. The gap between entry-level and senior roles signifies clear 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) | $33,900 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,258 | $17 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,100 | $21.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $58,763 | $28.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,850 | $29.3 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$47,010
Gross Pay
Real Wage (Purchasing Power)
$47,010
Adjusted for COL (100)
The average annual salary of $47,010 in West Central Illinois aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power effectively within the region, suggesting that the cost of essential goods and services is comparable to the national average, making the stated salary quite competitive in terms of real value.
Job Market Context
1,860
Total Jobs
10.962
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, West Central Illinois nonmetropolitan area 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, West Central Illinois nonmetropolitan area shows a concentration of Bookkeeping, Accounting, and Auditing Clerks that is 16% higher than the national average. This suggests a moderately competitive job market where the demand for these professionals is slightly more pronounced than in other regions, potentially offering more opportunities for those seeking employment in this field.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $47,700↑ 1% | 9 mi |
| Decatur, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,670↑ 6% | 34 mi |
| Champaign-Urbana, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,240↑ 5% | 41 mi |
| Peoria, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $48,690↑ 4% | 43 mi |
| Springfield, IL Bookkeeping, Accounting, and Auditing Clerks Salary | $49,990↑ 6% | 53 mi |
Comparing salaries near West Central Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in West Central Illinois nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in West Central Illinois nonmetropolitan area is $47,010. This typically ranges from $33,900 for entry-level positions to $60,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Central Illinois nonmetropolitan area is 9.5% lower than the national median of $51,940.
Is West Central Illinois nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Moderately lucrative, with strong purchasing power.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings retain good purchasing power. The slightly higher concentration of these roles indicates steady demand.
Is West Central Illinois nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in West Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($47,700) and Decatur, IL.
How does the local workforce size impact job availability?
A local workforce of 1,860 suggests a substantial pool of professionals, indicating a mature market. While this means there are many opportunities, it also implies a competitive environment for job seekers.
What does a Location Quotient of 1.16 signify?
A Location Quotient of 1.16 means that Bookkeeping, Accounting, and Auditing Clerks are 16% more concentrated in West Central Illinois nonmetropolitan area than the national average. This points to a slightly higher demand or a more established presence of these roles in the region.
How does the Cost of Living Index affect salary perception?
With a Cost of Living Index of 100, the national average, the $47,010 salary in West Central Illinois offers a purchasing power equivalent to the national average. This means the salary is relatively fair for the local economic conditions.
What are the career growth prospects for these clerks in this area?
Career growth is typically tied to experience and skill development. As clerks gain more experience, their salaries are expected to increase, moving them into higher pay percentiles within the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,860 employees in the West Central Illinois nonmetropolitan area area with a job density of 10.962 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 West Central Illinois nonmetropolitan area