Average Counter and Rental Clerks Salary in Fargo, ND-MN
Counter and Rental Clerks in Fargo, ND-MN earn an average annual salary of $39,880. This figure is notably below the national average of $43,680. Local economic factors, including regional demand and the specific industry mix within Fargo, contribute to this salary differential.
Executive Summary
- Average Salary: $39,880 per year.
- Growth Trend: Salaries have shifted 7.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,500.
- Outlook: With a total local workforce of 550 individuals in this role, Fargo presents a moderately sized employment landscape for Counter and Rental Clerks. The Location Quotient of 1.44 indicates a higher concentration of these jobs in Fargo compared to the national average, suggesting a stable or potentially growing demand for these services within the region.
Salary Overview
The average Counter and Rental Clerks in Fargo, ND-MN earns-8.7%below the national average.
$19.2
$767
$3,323
Counter and Rental Clerks Salary Trends (2020-2024)
While specific historical data for Fargo's Counter and Rental Clerk salaries over the past four years is not provided, it is generally assumed that compensation in this sector has seen incremental growth, mirroring broader economic trends. Factors such as inflation, increased demand for rental services, and evolving industry standards likely contribute to a positive, albeit potentially modest, upward trajectory in earnings.
Counter and Rental Clerks Salary Distribution in Fargo, ND-MN
Career progression for Counter and Rental Clerks typically involves a salary increase with accumulated experience. Entry-level positions often start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings reflect this scaling, with higher percentiles representing more experienced and highly compensated individuals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $20,900 | $10 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $29,910 | $14.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $36,440 | $17.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $49,850 | $24 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $58,500 | $28.1 |
Detailed Counter and Rental Clerks Market Analysis
Relocation Context
Nominal Salary
$39,880
Gross Pay
Real Wage (Purchasing Power)
$39,880
Adjusted for COL (100)
The average annual salary of $39,880 in Fargo aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is lower than the national average, the purchasing power of this income within Fargo is equivalent to the national average, making the effective financial standing comparable.
Job Market Context
550
Total Jobs
3.722
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, Fargo, ND-MN has a slightly higher-than-average concentration of Counter and Rental Clerks roles compared to the national norm.
A Location Quotient of 1.44 signifies that Counter and Rental Clerk positions are 44% more concentrated in Fargo, ND-MN than the national average. This suggests a robust local market with a higher relative demand for these professionals, potentially offering more job opportunities and a competitive environment for both employers and employees.
Nearby Job Markets
Nearby Cities for Counter and Rental Clerks
| City | Salary | Dist. |
|---|---|---|
| Grand Forks, ND-MN Counter and Rental Clerks Salary | $40,120↑ 1% | 74 mi |
Comparing salaries near Fargo, ND-MN
Hiring Counter and Rental Clerkss?
Frequently Asked Questions
How much does a Counter and Rental Clerks make in Fargo, ND-MN?
The median annual salary for a Counter and Rental Clerks in Fargo, ND-MN is $39,880. This typically ranges from $20,900 for entry-level positions to $58,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fargo, ND-MN is 8.7% lower than the national median of $43,680.
Is Fargo, ND-MN a lucrative place for Counter and Rental Clerks?
No, not exceptionally lucrative compared to the national average.While the cost of living is on par with the national average, the average salary for Counter and Rental Clerks in Fargo is below the national benchmark. The higher concentration of these jobs, however, indicates good local demand.
Is Fargo, ND-MN a good place to live for Counter and Rental Clerks?
The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fargo, ND-MN?
Some top paying nearby cities include Grand Forks, ND-MN ($40,120) and others.
How does Fargo's salary for Counter and Rental Clerks compare to the national average?
The average annual salary in Fargo is $39,880, which is lower than the national average of $43,680.
What is the significance of Fargo's Location Quotient for Counter and Rental Clerks?
A Location Quotient of 1.44 indicates that Counter and Rental Clerk jobs are more concentrated in Fargo than the national average, suggesting a stronger local presence and demand for these roles.
How does the cost of living in Fargo affect the salary?
Fargo's Cost of Living Index is 100, matching the national average. This means the lower nominal salary of $39,880 has equivalent purchasing power locally as the national average salary does nationally.
What is the total number of Counter and Rental Clerks in Fargo?
There are approximately 550 Counter and Rental Clerks employed in the Fargo, ND-MN area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Fargo, ND-MN area with a job density of 3.722 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Counter and Rental Clerks • Data source: BLS OEWS 2024 •Jobs in Fargo, ND-MN