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Average Financial Clerks, All Other Salary in Ohio

Financial Clerks, All Other in Ohio earn an average annual salary of $51,890. This figure is slightly below the national average of $55,930, indicating a localized compensation structure influenced by regional economic factors and cost of living. While the nominal salary may appear lower, understanding the broader economic landscape of Ohio is crucial for a complete picture.

Executive Summary

  • Average Salary: $51,890 per year.
  • Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $69,190.
  • Outlook: With a local workforce of 2,760 Financial Clerks, All Other, Ohio presents a significant concentration of these professionals, as evidenced by a Location Quotient of 2.08. This suggests a robust demand and a well-established presence of this role within the state's economy, implying a stable job market for individuals in this field.
2024 Market Data

Salary Overview

$51,890

The average Financial Clerks, All Other in Ohio earns-7.2%below the national average.

BreakdownBased on 40h/week
Hourly

$25

Weekly

$998

Monthly

$4,324

Financial Clerks, All Other Salary Distribution in Ohio

Salary progression for Financial Clerks, All Other in Ohio typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,530$19.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$38,918$18.7
ManagerOversees team, compliance, and project delivery.50% (Median)$47,610$22.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$64,863$31.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$69,190$33.3

Detailed Financial Clerks, All Other Market Analysis

Relocation Context

Nominal Salary

$51,890

Gross Pay

Real Wage (Purchasing Power)

$57,148

Adjusted for COL (90.8)

The average annual salary of $51,890 in Ohio for Financial Clerks, All Other is considerably advantageous when viewed against the state's Cost of Living Index of 90.8. This index, being below the national average of 100, means that the purchasing power of an Ohio salary is effectively higher, allowing residents to enjoy a better standard of living compared to more expensive regions.

Job Market Context

2,760

Total Jobs

0.499

Per 1K Jobs

2.08

Location Quotient

Major Hub

Ohio has 2.1x the national concentration of Financial Clerks, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Ohio's Location Quotient of 2.08 for Financial Clerks, All Other signifies a market that is more than twice as concentrated as the national average. This indicates a strong and specialized demand for these roles within the state, suggesting that the job market is competitive but also offers abundant opportunities for those with the relevant skills and experience.

Nearby Job Markets

Nearby Cities for Financial Clerks, All Other

CitySalaryDist.
Columbus, OH Financial Clerks, All Other Salary$54,550↑ 5%32 mi

Comparing salaries near Ohio

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Frequently Asked Questions

How much does a Financial Clerks, All Other make in Ohio?

The median annual salary for a Financial Clerks, All Other in Ohio is $51,890. This typically ranges from $40,530 for entry-level positions to $69,190 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ohio is 7.2% lower than the national median of $55,930.

Is Ohio a lucrative place for Financial Clerks, All Others?

Yes, Ohio offers good value for Financial Clerks, All Others.While the nominal salary is slightly below the national average, Ohio's lower cost of living significantly enhances the purchasing power of the $51,890 average salary.

Is Ohio a good place to live for Financial Clerks, All Others?

With a Cost of Living Index of 90.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Ohio?

Some top paying nearby cities include Columbus, OH ($54,550) and others.

How does Ohio's cost of living compare to the national average?

Ohio's Cost of Living Index is 90.8, which is 9.2% lower than the national average of 100, making it a more affordable state to live in.

What does a Location Quotient of 2.08 mean for Financial Clerks in Ohio?

A Location Quotient of 2.08 indicates that Financial Clerks, All Other are more than twice as concentrated in Ohio compared to the national average, suggesting a strong local demand and job availability.

How many Financial Clerks, All Other are there in Ohio?

There are approximately 2,760 Financial Clerks, All Other employed within Ohio.

What is the average salary for Financial Clerks, All Other nationally?

The national average annual salary for Financial Clerks, All Other is $55,930.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,760 employees in the Ohio area with a job density of 0.499 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Clerks, All Other • Data source: BLS OEWS 2024 •Jobs in Ohio