Average Financial Clerks, All Other Salary in Massachusetts
Financial Clerks, All Other in Massachusetts earn an impressive average annual salary of $64,310, significantly surpassing the national average of $55,930. This elevated compensation likely reflects the state's robust economy and potentially higher operational costs for businesses, necessitating competitive pay to attract and retain skilled financial administrative talent.
Executive Summary
- Average Salary: $64,310 per year.
- Growth Trend: Salaries have shifted 32.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,020.
- Outlook: With a local workforce of 670 Financial Clerks, All Other, and a Location Quotient of 0.77, the job market in Massachusetts indicates a slightly lower concentration compared to the national average. While not exceptionally concentrated, the presence of a substantial workforce suggests consistent demand and a stable employment landscape for these roles within the state.
Salary Overview
The average Financial Clerks, All Other in Massachusetts earns+15.0%above the national average.
$30.9
$1,237
$5,359
Financial Clerks, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Clerks, All Other in Massachusetts have experienced a steady upward trend over the past four years, mirroring general economic growth and inflation. This anticipated growth would likely align with increased demand for financial services and a competitive labor market.
Financial Clerks, All Other Salary Distribution in Massachusetts
Salary progression for Financial Clerks, All Other typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between these percentiles signifies the career advancement and increased earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,850 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $48,233 | $23.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,210 | $29.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $80,388 | $38.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $94,020 | $45.2 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$64,310
Gross Pay
Real Wage (Purchasing Power)
$43,336
Adjusted for COL (148.4)
The nominal average salary of $64,310 in Massachusetts must be considered within the context of its high Cost of Living Index of 148.4. This means that while the absolute salary is higher than the national average, the purchasing power of that salary is diminished due to significantly higher living expenses, particularly in housing and daily necessities.
Job Market Context
670
Total Jobs
0.184
Per 1K Jobs
0.77
Location Quotient
Massachusetts has 0.77x 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.
A Location Quotient of 0.77 suggests that Financial Clerks, All Other are employed in Massachusetts at a rate slightly below the national average relative to the overall workforce. This indicates that while the role is present, it is not a disproportionately dominant occupation within the state's labor market, implying a moderately competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial Clerks, All Other Salary | $61,020↓ 5% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Financial Clerks, All Other Salary | $65,380↑ 2% | 24 mi |
| Providence-Warwick, RI-MA Financial Clerks, All Other Salary | $60,270↓ 6% | 29 mi |
Comparing salaries near Massachusetts
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in Massachusetts?
The median annual salary for a Financial Clerks, All Other in Massachusetts is $64,310. This typically ranges from $42,850 for entry-level positions to $94,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts is 15.0% higher than the national median of $55,930.
Is Massachusetts a lucrative place for Financial Clerks, All Others?
Yes, but with caveats.The average salary of $64,310 is significantly higher than the national average, indicating strong earning potential. However, the high cost of living in Massachusetts means that the real purchasing power of this salary is reduced.
Is Massachusetts a good place to live for Financial Clerks, All Others?
The Cost of Living Index in Massachusetts is 148.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Massachusetts?
Some top paying nearby cities include Worcester, MA ($61,020) and Boston-Cambridge-Newton, MA-NH.
How does the Massachusetts salary compare to the national average?
Financial Clerks, All Other in Massachusetts earn an average of $64,310 annually, which is approximately $8,380 more than the national average of $55,930.
What is the concentration of Financial Clerks, All Other in Massachusetts?
The Location Quotient for Financial Clerks, All Other in Massachusetts is 0.77, indicating that the occupation is slightly less concentrated in the state compared to the national average.
How does the cost of living affect the salary in Massachusetts?
With a Cost of Living Index of 148.4, Massachusetts is significantly more expensive than the national average (100). This means that the higher nominal salary of $64,310 may not translate to proportionally higher disposable income.
What is the total number of Financial Clerks, All Other in Massachusetts?
There are approximately 670 Financial Clerks, All Other employed in Massachusetts.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 670 employees in the Massachusetts area with a job density of 0.184 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 Massachusetts