Average Financial Clerks, All Other Salary in Baltimore-Columbia-Towson, MD
Financial Clerks, All Other in the Baltimore-Columbia-Towson, MD area earn an average annual salary of $57,920. This figure slightly surpasses the national average of $55,930, indicating a localized premium for these essential roles. The specific economic drivers and demand within the Baltimore metropolitan area contribute to this favorable compensation.
Executive Summary
- Average Salary: $57,920 per year.
- Growth Trend: Salaries have shifted 2.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,860.
- Outlook: The Baltimore-Columbia-Towson, MD market hosts approximately 420 Financial Clerks, All Other. With a Location Quotient of 1.3, this suggests a concentration of these roles that is 30% higher than the national average. This elevated quotient points to a robust local demand and a potentially stable job market for this profession within the region.
Salary Overview
The average Financial Clerks, All Other in Baltimore-Columbia-Towson, MD earns+3.6%above the national average.
$27.8
$1,114
$4,827
Financial Clerks, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Financial Clerks, All Other in Baltimore-Columbia-Towson, MD has experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for financial services, and evolving job responsibilities likely contribute to this upward salary trajectory.
Financial Clerks, All Other Salary Distribution in Baltimore-Columbia-Towson, MD
Career progression for Financial Clerks, All Other typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior or specialized roles can command salaries well into the higher percentiles. The gap between entry-level and senior compensation signifies clear opportunities for career advancement and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,240 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,440 | $20.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,550 | $28.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $72,400 | $34.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $73,860 | $35.5 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$57,920
Gross Pay
Real Wage (Purchasing Power)
$57,920
Adjusted for COL (100)
The average annual salary of $57,920 in Baltimore-Columbia-Towson, MD aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Clerk's salary in this area is equivalent to the national standard, making it neither significantly more nor less affordable than the rest of the country.
Job Market Context
420
Total Jobs
0.311
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Financial Clerks, All Other roles compared to the national norm.
A Location Quotient of 1.3 for Financial Clerks, All Other in Baltimore-Columbia-Towson, MD indicates a higher concentration of these jobs compared to the national average. This suggests that the job market in this region is more specialized or has a greater demand for these roles relative to its overall workforce size, potentially offering more opportunities than a typical metropolitan area.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Financial Clerks, All Other Salary | $65,200↑ 13% | 35 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Financial Clerks, All Other in Baltimore-Columbia-Towson, MD is $57,920. This typically ranges from $43,240 for entry-level positions to $73,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 3.6% higher than the national median of $55,930.
Is Baltimore-Columbia-Towson, MD a lucrative place for Financial Clerks, All Others?
Yes, it offers a slightly above-average earning potential.The average salary of $57,920 is higher than the national average, and the cost of living is on par with the national average, indicating good purchasing power.
Is Baltimore-Columbia-Towson, MD a good place to live for Financial Clerks, All Others?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($65,200) and others.
How does the local workforce size impact job prospects?
With 420 Financial Clerks, All Other, the local workforce is of a moderate size, suggesting a consistent need for these professionals within the Baltimore-Columbia-Towson, MD area.
What does a Location Quotient of 1.3 signify?
A Location Quotient of 1.3 means that Financial Clerks, All Other are 30% more concentrated in Baltimore-Columbia-Towson, MD than the national average, implying stronger local demand.
How does the salary compare to the national average?
The average salary of $57,920 is approximately $2,000 higher than the national average of $55,930, offering a slight financial advantage to local clerks.
Is the cost of living a factor in the salary?
The cost of living in Baltimore-Columbia-Towson, MD is exactly at the national average (100), meaning the slightly higher salary translates directly to better real income compared to the nation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Baltimore-Columbia-Towson, MD area with a job density of 0.311 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Clerks, All Other • Data source: BLS OEWS 2024 •Jobs in Baltimore-Columbia-Towson, MD