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Average New Accounts Clerks Salary in Illinois

New Accounts Clerks in Illinois earn an average annual salary of $45,900, which is slightly below the national average of $47,610. This difference can be attributed to a combination of local economic factors and the state's specific demand for these financial administrative roles. Understanding these nuances is key for anyone considering a career in this field within Illinois.

Executive Summary

  • Average Salary: $45,900 per year.
  • Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $55,440.
  • Outlook: With a local workforce of 2,270 New Accounts Clerks, Illinois demonstrates a significant presence in this occupation. The Location Quotient of 1.52 indicates that this role is more concentrated in Illinois than the national average, suggesting a robust and potentially growing demand for these professionals within the state's economy.
2024 Market Data

Salary Overview

$45,900

The average New Accounts Clerks in Illinois earns-3.6%below the national average.

BreakdownBased on 40h/week
Hourly

$22.1

Weekly

$883

Monthly

$3,825

New Accounts Clerks Salary Distribution in Illinois

The career path for New Accounts Clerks typically involves salary progression based on experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight these opportunities for advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,070$17.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$34,425$16.6
ManagerOversees team, compliance, and project delivery.50% (Median)$46,080$22.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$57,375$27.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$55,440$26.7

Detailed New Accounts Clerks Market Analysis

Relocation Context

Nominal Salary

$45,900

Gross Pay

Real Wage (Purchasing Power)

$50,000

Adjusted for COL (91.8)

The average annual salary of $45,900 in Illinois should be evaluated against its Cost of Living Index of 91.8. Since this index is below the national average of 100, the nominal salary offers a relatively strong purchasing power for residents, meaning their earnings can stretch further compared to living in more expensive states.

Job Market Context

2,270

Total Jobs

0.375

Per 1K Jobs

1.52

Location Quotient

Major Hub

Illinois has 1.5x the national concentration of New Accounts Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Illinois boasts a Location Quotient of 1.52 for New Accounts Clerks, indicating a concentration of these jobs approximately 52% higher than the national average. This suggests a competitive yet abundant job market, where employers may actively seek out qualified candidates, potentially leading to more opportunities and negotiation leverage for skilled professionals.

Nearby Job Markets

Nearby Cities for New Accounts Clerks

CitySalaryDist.
Springfield, IL New Accounts Clerks Salary$43,650↓ 5%53 mi

Comparing salaries near Illinois

Hiring New Accounts Clerkss?

Frequently Asked Questions

How much does a New Accounts Clerks make in Illinois?

The median annual salary for a New Accounts Clerks in Illinois is $45,900. This typically ranges from $37,070 for entry-level positions to $55,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 3.6% lower than the national median of $47,610.

Is Illinois a lucrative place for New Accounts Clerks?

Yes, Illinois offers a favorable financial environment for New Accounts Clerks.Despite a salary slightly below the national average, the lower cost of living in Illinois enhances the purchasing power of the $45,900 salary. Furthermore, the higher concentration of these jobs indicates strong local demand.

Is Illinois a good place to live for New Accounts Clerks?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Illinois?

Some top paying nearby cities include Springfield, IL ($43,650) and others.

How does the Illinois New Accounts Clerk salary compare to the national average?

The average annual salary for New Accounts Clerks in Illinois is $45,900, which is slightly lower than the national average of $47,610.

What is the cost of living in Illinois compared to the national average?

Illinois has a Cost of Living Index of 91.8, which is below the national average of 100, making it more affordable to live in.

Is there high demand for New Accounts Clerks in Illinois?

Yes, the Location Quotient of 1.52 suggests that New Accounts Clerks are more concentrated in Illinois than the national average, indicating strong local demand.

How many New Accounts Clerks are there in Illinois?

There are approximately 2,270 New Accounts Clerks employed in Illinois, representing 0.375 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,270 employees in the Illinois area with a job density of 0.375 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for New Accounts Clerks • Data source: BLS OEWS 2024 •Jobs in Illinois