Average Bookkeeping, Accounting, and Auditing Clerks Salary in Worcester, MA
In Worcester, MA, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $54,590. This figure slightly surpasses the national average of $51,940, indicating a localized premium for these essential financial roles. The economic landscape and demand within the Worcester area contribute to this competitive compensation.
Executive Summary
- Average Salary: $54,590 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $72,890.
- Outlook: With a local workforce of 3,070 individuals in this sector and a Location Quotient of 0.92, Worcester presents a stable, albeit slightly below-national-average concentration of bookkeeping and accounting professionals. The presence of nearly 9 professionals per 1,000 workers suggests a consistent demand for these services within the local economy, supporting a robust job market.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Worcester, MA earns+5.1%above the national average.
$26.2
$1,050
$4,549
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles within bookkeeping, accounting, and auditing have seen consistent salary growth over the past four years, driven by inflation and increasing complexity of financial regulations. This trend is likely reflected in Worcester, where professionals can anticipate incremental increases in earning potential.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Worcester, MA
Career progression in bookkeeping, accounting, and auditing roles typically correlates with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The widening gap between entry-level and senior-level salaries reflects the value placed on expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,110 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,943 | $19.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,270 | $25.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,238 | $32.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $72,890 | $35 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$54,590
Gross Pay
Real Wage (Purchasing Power)
$54,590
Adjusted for COL (100)
The average annual salary of $54,590 in Worcester aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a bookkeeping, accounting, or auditing clerk's salary in Worcester is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
3,070
Total Jobs
8.728
Per 1K Jobs
0.92
Location Quotient
Worcester, MA has 0.92x 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.
A Location Quotient of 0.92 suggests that Worcester has a slightly lower concentration of Bookkeeping, Accounting, and Auditing Clerks compared to the national average. This indicates that while the profession is well-represented, the market is not oversaturated, potentially offering good opportunities for skilled professionals seeking employment.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
Comparing salaries near Worcester, MA
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Worcester, MA?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Worcester, MA is $54,590. This typically ranges from $38,110 for entry-level positions to $72,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 5.1% higher than the national median of $51,940.
Is Worcester, MA a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
Yes, Worcester, MA offers a competitive salary for these roles.Bookkeeping, Accounting, and Auditing Clerks in Worcester earn slightly above the national average salary. Furthermore, the local cost of living is on par with the national average, enhancing the real value of their earnings.
Is Worcester, MA a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($57,890) and Providence-Warwick, RI-MA.
What is the average salary for a Bookkeeping, Accounting, and Auditing Clerk in Worcester, MA?
The average annual salary for a Bookkeeping, Accounting, and Auditing Clerk in Worcester, MA is $54,590.
How does Worcester's salary compare to the national average?
The average salary in Worcester ($54,590) is higher than the national average ($51,940), suggesting a slightly more favorable compensation landscape locally.
What is the cost of living in Worcester, MA?
Worcester, MA has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable nationwide.
How concentrated are bookkeeping jobs in Worcester compared to the rest of the US?
Worcester has a Location Quotient of 0.92 for these roles, meaning the concentration of Bookkeeping, Accounting, and Auditing Clerks is slightly lower than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,070 employees in the Worcester, MA area with a job density of 8.728 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 Worcester, MA