Average Financial Clerks, All Other Salary in Boston-Cambridge-Newton, MA-NH
Financial Clerks, All Other in the Boston-Cambridge-Newton, MA-NH metropolitan area earn an average annual salary of $65,380. This figure significantly surpasses the national average of $55,930, indicating a premium for these roles within this dynamic economic hub. The higher compensation is likely driven by the region's robust financial sector and the specialized skill sets demanded by local employers.
Executive Summary
- Average Salary: $65,380 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,050.
- Outlook: The local job market for Financial Clerks, All Other in Boston-Cambridge-Newton, MA-NH, while not exceptionally concentrated with a Location Quotient of 0.83, still represents a stable presence with 540 professionals. The low jobs per 1,000 workers (0.2) suggests a niche but potentially consistent demand, implying that while the market isn't saturated, opportunities exist for skilled individuals.
Salary Overview
The average Financial Clerks, All Other in Boston-Cambridge-Newton, MA-NH earns+16.9%above the national average.
$31.4
$1,257
$5,448
Financial Clerks, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Financial Clerks, All Other in Boston-Cambridge-Newton, MA-NH have experienced steady growth over the past four years. This trend would align with broader economic expansions and the increasing complexity of financial operations, necessitating higher compensation to attract and retain qualified personnel.
Financial Clerks, All Other Salary Distribution in Boston-Cambridge-Newton, MA-NH
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 roles and specialized functions command salaries in the upper percentiles. The widening gap between starting and senior salaries reflects the accumulation of expertise, responsibility, and demonstrated value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,110 | $21.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,035 | $23.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,220 | $29.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $81,725 | $39.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $94,050 | $45.2 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$65,380
Gross Pay
Real Wage (Purchasing Power)
$65,380
Adjusted for COL (100)
For Financial Clerks, All Other relocating to Boston-Cambridge-Newton, MA-NH, the average annual salary of $65,380 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, suggesting that while the nominal pay is higher, the cost of essential goods and services does not diminish this advantage.
Job Market Context
540
Total Jobs
0.2
Per 1K Jobs
0.83
Location Quotient
Boston-Cambridge-Newton, MA-NH has 0.83x the national average concentration of Financial Clerks, All Other 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 0.83, the Boston-Cambridge-Newton, MA-NH area has a slightly lower concentration of Financial Clerks, All Other compared to the national average. This suggests that while the profession is present, it is not a dominant industry sector locally, indicating a moderately competitive market where specialized skills might be more valued.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial Clerks, All Other Salary | $61,020↓ 7% | 37 mi |
| Providence-Warwick, RI-MA Financial Clerks, All Other Salary | $60,270↓ 8% | 38 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Financial Clerks, All Other in Boston-Cambridge-Newton, MA-NH is $65,380. This typically ranges from $45,110 for entry-level positions to $94,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 16.9% higher than the national median of $55,930.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Financial Clerks, All Others?
Yes, it is a lucrative place.The average salary of $65,380 is notably higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power for these professionals.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Financial Clerks, All Others?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($61,020) and Providence-Warwick, RI-MA.
How does the Boston-Cambridge-Newton, MA-NH salary compare to the national average?
The average annual salary for Financial Clerks, All Other in Boston-Cambridge-Newton, MA-NH is $65,380, which is $9,450 higher than the national average of $55,930.
What is the total number of Financial Clerks, All Other in the Boston area?
There are approximately 540 Financial Clerks, All Other employed within the Boston-Cambridge-Newton, MA-NH metropolitan area.
How concentrated is the job market for Financial Clerks, All Other in Boston?
The job market concentration, measured by the Location Quotient, is 0.83, indicating a slightly lower presence of these roles compared to the national average.
Does the cost of living affect the value of a Financial Clerk's salary in Boston?
No, the cost of living in Boston-Cambridge-Newton, MA-NH is at the national average (100), meaning the higher nominal salary of $65,380 retains its purchasing power relative to the rest of the country.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.2 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 Boston-Cambridge-Newton, MA-NH