Average Financial Clerks, All Other Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Financial Clerks, All Other in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an average annual salary of $57,980. This figure notably surpasses the national average of $55,930, indicating a localized premium for this role. The robust economic landscape and specific industry demands within the region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $57,980 per year.
- Growth Trend: Salaries have shifted 26.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,850.
- Outlook: With a local workforce of 970 Financial Clerks, All Other, the Philadelphia-Camden-Wilmington area demonstrates a significant concentration of these professionals, as evidenced by a Location Quotient of 1.4. This suggests a strong and established demand for these roles within the region, pointing towards a stable and potentially growing job market for individuals in this field.
Salary Overview
The average Financial Clerks, All Other in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+3.7%above the national average.
$27.9
$1,115
$4,832
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 the Philadelphia-Camden-Wilmington area have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial services, and evolving responsibilities likely contribute to this upward salary trajectory.
Financial Clerks, All Other Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
The career path for Financial Clerks, All Other typically involves a progression from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data is unavailable, the widening salary gap between junior and experienced professionals signifies substantial career advancement opportunities and increased earning potential as expertise and responsibilities grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,220 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,485 | $20.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,720 | $25.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $72,475 | $34.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $73,850 | $35.5 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$57,980
Gross Pay
Real Wage (Purchasing Power)
$57,980
Adjusted for COL (100)
The average annual salary of $57,980 in Philadelphia-Camden-Wilmington aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Clerk's salary in this region is equivalent to the national average, offering a stable financial standing without the immediate pressure of higher or lower living expenses.
Job Market Context
970
Total Jobs
0.336
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Financial Clerks, All Other roles compared to the national norm.
A Location Quotient of 1.4 for Financial Clerks, All Other in Philadelphia-Camden-Wilmington indicates that this profession is 40% more concentrated in this area compared to the national average. This suggests a robust and specialized job market, where demand may outpace supply, potentially leading to competitive compensation and ample career opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Financial Clerks, All Other Salary | $61,420↑ 6% | 28 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Financial Clerks, All Other in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $57,980. This typically ranges from $46,220 for entry-level positions to $73,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 3.7% higher than the national median of $55,930.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Financial Clerks, All Others?
Yes, it offers a slightly more lucrative environment.The average salary of $57,980 exceeds the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Financial Clerks, All Others?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($61,420) and others.
How does the local salary compare to the national average?
Financial Clerks, All Other in Philadelphia-Camden-Wilmington earn an average of $57,980 annually, which is higher than the national average of $55,930.
What is the concentration of Financial Clerks in this area?
The Location Quotient is 1.4, meaning this profession is 40% more concentrated in Philadelphia-Camden-Wilmington than the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $57,980 salary has the same purchasing power as the national average salary.
How many Financial Clerks work in this region?
There are approximately 970 Financial Clerks, All Other employed within the Philadelphia-Camden-Wilmington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.336 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD