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Average Financial Clerks, All Other Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV

Financial Clerks, All Other in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an average annual salary of $65,200. This figure significantly surpasses the national average of $55,930, indicating a premium for financial support roles in this dynamic region. The higher compensation is likely driven by the concentration of government agencies, large corporations, and non-profit organizations that require robust financial administration.

Executive Summary

  • Average Salary: $65,200 per year.
  • Growth Trend: Salaries have shifted 27.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $80,860.
  • Outlook: The local job market for Financial Clerks, All Other, while not exhibiting hyper-concentration with a Location Quotient of 0.62, demonstrates a stable presence within the Washington-Arlington-Alexandria workforce. With 470 professionals in this role, the market supports a consistent demand, suggesting a steady environment for those in or seeking these positions. The number of jobs per 1,000 workers at 0.15 indicates a niche but established employment sector.
2024 Market Data

Salary Overview

$65,200

The average Financial Clerks, All Other in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+16.6%above the national average.

BreakdownBased on 40h/week
Hourly

$31.4

Weekly

$1,254

Monthly

$5,433

Financial Clerks, All Other Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV

Salary progression for Financial Clerks, All Other typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly above the average. The percentile gaps between entry-level, mid-career, and senior roles signify clear career progression pathways and increased earning potential within this occupation.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$49,630$23.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$48,900$23.5
ManagerOversees team, compliance, and project delivery.50% (Median)$64,120$30.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$81,500$39.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$80,860$38.9

Detailed Financial Clerks, All Other Market Analysis

Relocation Context

Nominal Salary

$65,200

Gross Pay

Real Wage (Purchasing Power)

$65,200

Adjusted for COL (100)

The nominal average annual salary of $65,200 in the Washington-Arlington-Alexandria area aligns perfectly with the national 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 balanced lifestyle without significant financial strain due to living expenses.

Job Market Context

470

Total Jobs

0.15

Per 1K Jobs

0.62

Location Quotient

Below Average

Washington-Arlington-Alexandria, DC-VA-MD-WV has 0.62x 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 0.62, the Washington-Arlington-Alexandria area has a slightly lower concentration of Financial Clerks, All Other compared to the national average. This suggests that while the role is present and valued, the market is not oversaturated, potentially offering good opportunities for qualified candidates without intense competition from a disproportionately large number of peers.

Nearby Job Markets

Nearby Cities for Financial Clerks, All Other

CitySalaryDist.
Baltimore-Columbia-Towson, MD Financial Clerks, All Other Salary$57,920↓ 11%35 mi

Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV

Hiring Financial Clerks, All Others?

Frequently Asked Questions

How much does a Financial Clerks, All Other make in Washington-Arlington-Alexandria, DC-VA-MD-WV?

The median annual salary for a Financial Clerks, All Other in Washington-Arlington-Alexandria, DC-VA-MD-WV is $65,200. This typically ranges from $49,630 for entry-level positions to $80,860 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 16.6% higher than the national median of $55,930.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Financial Clerks, All Others?

Yes, it is a lucrative place for Financial Clerks, All Others.The average salary of $65,200 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Financial Clerks, All Others?

The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?

Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($57,920) and others.

How does the salary compare to the national average?

The average salary for Financial Clerks, All Other in Washington-Arlington-Alexandria, DC-VA-MD-WV is $65,200, which is notably higher than the national average of $55,930.

What is the cost of living in this area?

The Cost of Living Index for the Washington-Arlington-Alexandria, DC-VA-MD-WV area is 100, which is exactly the national average.

How concentrated is the job market for Financial Clerks, All Other locally?

The job market has a Location Quotient of 0.62, meaning it is slightly less concentrated than the national average, suggesting a balanced supply and demand.

How many Financial Clerks, All Other work in this region?

There are approximately 470 Financial Clerks, All Other employed within the Washington-Arlington-Alexandria, DC-VA-MD-WV 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 470 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 0.15 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV

Semantic Salary Analysis for Financial Clerks, All Other • Data source: BLS OEWS 2024 •Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV